Be careful with Cashplus Business Accounts

yorkiepaul

I opened a Cashplus business account during the first 'lockdown' since high street banks weren't open to new business. I need to accept a payment from overseas, so I went to an online IBAN calculator as I've done in the past, so I did so in this case. It is wrong. In fact, Cashplus only have a single IBAN code for all of their business accounts and the payer must comment on the name of the payee so the funds get to the right place. (I am not making this up).  So, if you are doing business overseas and don't want to present as a clown, you are better off stearing clear of Cashplus.

JJ_Egan

Yes all business as opposed to Consumer need to carry out due diligence of the contract.