Totally free business accounts

only_me_123

Hi there,
I am currently with Santander for my business who have given me a free account and have had no charges since I opened over 20 years ago. I wondered if there are any banks that offer 100% business banking with them with/without a current account already with them?

Thanks!

Futuristic

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

MyRealNameToo

Futuristic said:

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

Those are monthly fee free but not 100% fee free, Starling for example charges 0.7% (min £3) for cash deposits. Its possible to operate them fee free but that depends on the nature of your business


I do wonder if the OP gives all their products and services away without charging their customers? If they dont then why do they expect banks should?

Zanderman

MyRealNameToo said:

Futuristic said:

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

Those are monthly fee free but not 100% fee free, Starling for example charges 0.7% (min £3) for cash deposits. Its possible to operate them fee free but that depends on the nature of your business

I do wonder if the OP gives all their products and services away without charging their customers? If they dont then why do they expect banks should?

The OP was only asking what, if anything, is on offer!  They weren't necessarily 'expecting' 100% free banking. Merely asking. 

There are actually several free business banking accounts. Not necessarily 100% free as you've pointed out, but free enough for most. Just need to check the terms of each to check whether they suit.

Another to add to those already mentioned is the Virgin M Account for business.  

https://uk.virginmoney.com/business/current-accounts/m-account-for-business/

MyRealNameToo

Zanderman said:

MyRealNameToo said:

Futuristic said:

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

Those are monthly fee free but not 100% fee free, Starling for example charges 0.7% (min £3) for cash deposits. Its possible to operate them fee free but that depends on the nature of your business

I do wonder if the OP gives all their products and services away without charging their customers? If they dont then why do they expect banks should?

The OP was only asking what, if anything, is on offer!  They weren't necessarily 'expecting' 100% free banking. Merely asking. 

Admittedly I am filling in what appears to be a missing word but they said:

only_me_123 said:

 I wondered if there are any banks that offer 100% business banking with them with/without a current account already with them?

Which very much reads to me that there is a missing free in there as there is no such thing as a 50% business banking and dont believe they were asking for bank that only does business banking as the only other explanation I can think of for the phrasing. 

northwalesd

Also, the thread title seems to point them wanting totally free business banking.

boingy

northwalesd said:

Also, the thread title seems to point them wanting totally free business banking.

Which is totally fine, isn't it?
Why are some folks so keen to belittle others?

Zanderman

northwalesd said:

Also, the thread title seems to point them wanting totally free business banking.

Indeed, but what, exactly, is the harm in asking?  

prowla

MyRealNameToo said:

Futuristic said:

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

Those are monthly fee free but not 100% fee free, Starling for example charges 0.7% (min £3) for cash deposits. Its possible to operate them fee free but that depends on the nature of your business


I do wonder if the OP gives all their products and services away without charging their customers? If they dont then why do they expect banks should?

Judgemental.

However, the banks get to have the customers money in their coffers for the duration.

northwalesd

boingy said:

northwalesd said:

Also, the thread title seems to point them wanting totally free business banking.

Which is totally fine, isn't it?
Why are some folks so keen to belittle others?

It is absolutely fine.

MyRealNameToo

prowla said:

MyRealNameToo said:

Futuristic said:

The goto these days is Mettle by NatWest. There’s few others like Monzo/Starling/HSBC as well.

Those are monthly fee free but not 100% fee free, Starling for example charges 0.7% (min £3) for cash deposits. Its possible to operate them fee free but that depends on the nature of your business


I do wonder if the OP gives all their products and services away without charging their customers? If they dont then why do they expect banks should?

Judgemental.

However, the banks get to have the customers money in their coffers for the duration.

Not really, it's a very odd attitude the UK has developed towards banking. In much of the rest of the world there are fees for banks doing stuff and there being no fees would be considered odd or a significant perk. 

Maybe the comment is more a self reflection though?