We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards