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Bounce back loan
JinnyJayne
Posts: 2
Newbie
in Loans
My tiny company took a BBL last year through our business acc TSB. We then changed bank so are no longer with TSB. I want to set up a dd to pay monthly bbl payments but TSB say I have to open a full business acc to then have an LSA acc. Surely I can just make payments to TSB with a company reference? Just like you do when you have to pay HMRC. I don’t want the faff of setting up a business acc with TSB. Can anyone advise!
0
Comments
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What are the T&Cs of the BBLS?
At worst case, TSB could ask for immediate and full repayment of the BBLS.
Why did you change business banking away from TSB at this time?0 -
We changed due to several factors - costs, poor customer service, inability to log into our business account for nearly 2 weeks [which had worked well for 3.5 years] that TSB couldn't resolve and closure of the local branch - nearest branch is 30 miles away.
It was like a perfect storm.0 -
What are the T&Cs of the BBLS?
At worst case, TSB could ask for immediate and full repayment of the BBLS.
0
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