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Free accounts for limited companies
Hepburnldn
Posts: 13 Forumite
Dear all
I've recently begun to manage the accounts for a management company, managing the upkeep of a house, split into 5 flats.
Our current bank, Natwest has just informed me after 13 years of banking with them, somehow the account they opened on 2005 is not suitable for limited companies!
I am now trying to search for a suitable bank account for the management company, who:
- have an income of under £5K, to maintain the property
- essentially works as a not-for-profit
I can't seem to find any that fit our criteria or that don't charge a monthly fee?
Are there any accounts out there that are free in this situation?
Any help would be greatly appreciated.
I've recently begun to manage the accounts for a management company, managing the upkeep of a house, split into 5 flats.
Our current bank, Natwest has just informed me after 13 years of banking with them, somehow the account they opened on 2005 is not suitable for limited companies!
I am now trying to search for a suitable bank account for the management company, who:
- have an income of under £5K, to maintain the property
- essentially works as a not-for-profit
I can't seem to find any that fit our criteria or that don't charge a monthly fee?
Are there any accounts out there that are free in this situation?
Any help would be greatly appreciated.
0
Comments
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Have a look at Starling Bank.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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Is it not for profit account?
Would lloyds Treasurers account be suitable - which does not levy bank charges for transactions but does not offer credit interest on balances?0 -
Needs cheque book&/or Debit card?0
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It's a Residents property management.
I will look at them also, many thanks0 -
I would only need a cheque book.0
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Starling is no good if you need a cheque book.0
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We use the Lloyds treasurers Account. It!!!8217;s pretty much all you need. Unless it!!!8217;s customer service of course. It took 4 months to get it setup because they kept sending stuff to the wrong addresses. It!!!8217;s working now and is fine.0
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