Recommendations for a partnership business account please

planetbecky

Hello, please could anyone recommend a free online, basic, business account that caters for partnerships (not just ltd companies and sole traders). I was thinking of virgin money, but would value some feedback from people who have a partnership account if possible. Mnay thanks

Zanderman

We've had a partnership account with a succession of banks - most only for the duration of their free trial period, which in some case is 12 months, sometimes, more, you'd need to shop around. It's easy to use the switching service to move to a new free trail when you get to the end of it.  [For those who may respond with the usual 'try Starling etc' note that those accounts don't support partnerships]

But Virgin Money do, as you say, currently offer a free business account with no time limit  and they do allow partnerships, and that's who we're currently with (previously we've been HSBC, Yorkshire, TSB), having switched from TSB last year. 

It's been fairly ok, so far, my only grumble is that they seem to need you to have a personal current account too, otherwise you can't authorise debit card transactions. They insist the debit card transaction authorisation message is sent to your 'personal' login on the app, rather than your partnership login on the app (they don't tell you this upfront btw, they tell you the message is sent to the app, you log in to the business account in the app and there's no message, so you try and try and try again, until you contact them to ask what's going on and they tell you have to login to a different account - go figure!). 

This means, for us, that one of the two partners can never authorise a debit card transaction, despite being a signatory to the account. Crazy set-up, but manageable. And it is free so mustn't grumble too much.