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Small business banking

I'm looking to chose a Bank with respect to starting a new small business. Which would any of you recommend I consider or avoid ?

Comments

  • crossleydd42
    crossleydd42 Posts: 1,065 Forumite
    Try this link, which has some useful information in it.

    http://www.moneyfactsonline.co.uk/mfbaf/root.asp
    "Some say the cup is half empty, while others say it is half full. However, this is skirting around the issue. The real problem is that the cup is too big."
  • Mark7799
    Mark7799 Posts: 4,805 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Depends upon a few things

    Are you looking to borrow money for the business (through the bank) or do you just need banking facilities?

    Are you happy dealing with call centres or do you want face to face contact to discuss your account?

    Is your business one that handles a lot of cash (e.g. a pub) or is your usage likely to be light?

    Mark
    Gwlad heb iaith, gwlad heb galon
  • 1jim
    1jim Posts: 2,683 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    i use abbey and get on well with them, did have alliance and leicester account but closed it because i got fed up waiting 1hr+ every time i called them to do a transaction
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
    I'm with Barclays for business banking. They deal face to face, however last year our account manager tried to get us to swap a loan (which we were paying 5% on) to them so that they could charge us over 10% (plus fees)!!
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