We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Business Banking
Options

chat.box
Posts: 1 Newbie
Hi Everyone
I am currently in the process of setting up my own business and need to open a Business bank account but my credit it not good. Does anyone know where the best banks would be to get an account?
I am currently in the process of setting up my own business and need to open a Business bank account but my credit it not good. Does anyone know where the best banks would be to get an account?
0
Comments
-
I'm not sure about credit ratings, I assume they will all run checks.
I've found Lloyds TSB to be good, Natwest I expect to offer a good service.
Just barter for a long period of "free" banking, as after the first year many business accounts have a monthly management fee, plus fees to cash and pay cheques and other transactions.
Personally I'd avoid Abbey (appalling service) and Barclays (poor IMO).0 -
have used free Abbey business for many years with no problem, though have never had to talk to them
A&L is also free0 -
Hi Everyone
I am currently in the process of setting up my own business and need to open a Business bank account but my credit it not good. Does anyone know where the best banks would be to get an account?0 -
I would recommend the Investec business cheque account, two of which I have been running there for over ten years. Good service, no problems, no fees, and a reasonable credit interest rate. The only drawbacks for me are no online banking apart from being able to see the statement every day, and no faster payments yet. No overdrafts so ensure that you are always in credit.
http://!!!!!!!.com/6yoftp0 -
Hmmm, wonder why that !!!!!!! would not display. Here is the original.
http://www.investec.com/UnitedKingdom/PrivateBank/BankingandTreasuryServices/BusinessOLD/ProductsOLD/0 -
neilsedaka wrote: »The only drawbacks for me are no online banking apart from being able to see the statement every day, and no faster payments yet. No overdrafts so ensure that you are always in credit.
How do you manage without it!No Unapproved or Personal links in signatures plaese - FT30 -
I also bank with investec and have never needed online banking for my business.
They give you prepaid envelopes to do anything you want and will take phone or fax instructions - I have rarely needed this.0 -
I use Cater Allen.
Very impressed with their courteous phone manner.
Internet banking side isn't the best, but works for what I need.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards