FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to The Lounge

Business accounts

Jump to newest
 

By (user no longer on site) OP   
over a year ago

Can anyone recommend or warn against?

Reply privatelyReply in forumReply +quote
 

By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

How ethical do you want the account to be?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Depends on the turnover of the business, some offer special rates for small businesses or first year of being with the bank etc.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I'm with natwest, always been OK with me.. When you join they give you 2 years free banking, which is great..

I currently pay 5 squidly a month but get automated credits free.. sting me on cash and cheques though..

My advice would be to stick with a ordinary personal account, unless you're a Ltd company, which changes things..

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham

Do you actually need a business account?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Avoid Santander - they messed up pretty much everything they possibly could with mine.

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"My advice would be to stick with a ordinary personal account, unless you're a Ltd company, which changes things.."

Missed that but

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"Avoid Santander - they messed up pretty much everything they possibly could with mine."

I've got 2 business accounts with them and they've been fine. They're free too, an offer years ago

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Avoid Santander - they messed up pretty much everything they possibly could with mine.

I've got 2 business accounts with them and they've been fine. They're free too, an offer years ago "

That's why I went with them and it turned out to be a right mess.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago

Ltd company, turn over 50k plus.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

If you going the FSB (Federation of Small Businesses) you get free business banking with Co-operative Bank but I can't remember how long for.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Avoid Santander - they messed up pretty much everything they possibly could with mine."

Strangely we have had a business bank account with Santander for the last 15 years and have to say they have been excellent. Only draw back is you can only bank through the atm's or on line.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Can anyone recommend or warn against?"

HSBC are good. Avoid Barclays like herpes - utterly shite online platform

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"Ltd company, turn over 50k plus."

Business account then if you want finance options etc.

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"Avoid Santander - they messed up pretty much everything they possibly could with mine.

I've got 2 business accounts with them and they've been fine. They're free too, an offer years ago

That's why I went with them and it turned out to be a right mess."

Oh

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Avoid Santander - they messed up pretty much everything they possibly could with mine.

Strangely we have had a business bank account with Santander for the last 15 years and have to say they have been excellent. Only draw back is you can only bank through the atm's or on line."

That's why I left Santander for some accounts I managed, it was an old Alliance and Leicester account and santander were awful. Lloyds Bank are pretty good, and always had great customer service with them.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago


"Can anyone recommend or warn against?

HSBC are good. Avoid Barclays like herpes - utterly shite online platform "

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Do you actually need a business account?"

Officially yes but you can only get away with it if ur a sole trader..

Ltd and you need everything in the company's name, not the individual

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Santander have been excellent - and free for me.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago


"Avoid Santander - they messed up pretty much everything they possibly could with mine.

Strangely we have had a business bank account with Santander for the last 15 years and have to say they have been excellent. Only draw back is you can only bank through the atm's or on line.

That's why I left Santander for some accounts I managed, it was an old Alliance and Leicester account and santander were awful. Lloyds Bank are pretty good, and always had great customer service with them."

There is at least a lloyds in the village, and i already bank there.

Reply privatelyReply in forumReply +quote
 

By *my-blackTV/TS
over a year ago

Poole

Lloyds is good.

They will all sting you for cash and cheques (apart from the free accounts) as those are the payment methods that cost overheads to process.

Santander is also ok though I dont like their online system, though it has improved on what it was a few years back (two completely different systems for business and personal.

The Lloyds online system is virtually identical between business and personal.

The only thing I would say however is if you may end up trading on the wrong side (ie in overdraft) then I would always prefer to have personal and business accounts with different banks.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago


"

The only thing I would say however is if you may end up trading on the wrong side (ie in overdraft) then I would always prefer to have personal and business accounts with different banks.

"

That's an interesting point.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Can anyone recommend or warn against?

HSBC are good. Avoid Barclays like herpes - utterly shite online platform

"

What Barclays lack is the ability to control user privileges. For example, with HSBC (and most banks) you can allow your accountant to login to your account but control what they can do (e.g. they can pay bills up to £200 but anything over £200 needs your approval). This saves you a tonne of time.

With Barclays anyone who logs in can do anything so your account could be cleaned out and your accountant is on a beach before you know about it.

I never imagined any account would lack such a basic feature but Barclays does. Make sure you check you have this feature whoever you choose.

Reply privatelyReply in forumReply +quote
 

By *arnayguyMan
over a year ago

Durham Tees

It can depend on what type of transactions you mostly do. Some Bank accounts will be good for lots of small transactions, where you pay in to the Bank frequently and accept several types of customer payments, cash, credit, transfers etc. They might suit retail or small value service companies. Other Bank accounts will be better if your £50k is made of larger invoices, which may be less frequent, say monthly, which mostly happen by electronic transfer or cheque. It is worth looking for one which doesn't charge you lots for the type of transactions you will mostly do.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Can anyone recommend or warn against?"

Ask google or Amazon?

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"Do you actually need a business account?

Officially yes but you can only get away with it if ur a sole trader..

Ltd and you need everything in the company's name, not the individual"

That's what I meant, does the OP need a business account. Not someone in general

Reply privatelyReply in forumReply +quote
 

By *inky-MinxWoman
over a year ago

Grantham


"The only thing I would say however is if you may end up trading on the wrong side (ie in overdraft) then I would always prefer to have personal and business accounts with different banks."

In different towns too. Don't bank in your own town.

Reply privatelyReply in forumReply +quote
 
 

By (user no longer on site) OP   
over a year ago


"Do you actually need a business account?

Officially yes but you can only get away with it if ur a sole trader..

Ltd and you need everything in the company's name, not the individual

That's what I meant, does the OP need a business account. Not someone in general "

I think i answered that?

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top