Business Bank Accounts

[WaterTight]

I'm with Barclays, only in the middle of my second year of trading and only just started approaching getting busier. Just had a breakdown of last months charges for use of my business account at £35.

a) Is this standard or am I being ripped off?
b) Is there a way round this or do you have to use a business accout for business?
c) Is anyone with a bank that charges more reasonable amounts?

thanks

 

[Guest123]

RBS will give you 2 years free banking for new business accounts.

 

[WHPES]

After your free banking period, switch to another bank and they will give you a free period too, then just keep switching round. Its easy as they can migrate all standing orders etc without having to fill in forms all the time. Never paid a penny myself so far.

 

[dontknowitall]

You're not being ripped off. This is what I pay as well. Not for nothing is their logo a picture of a vulcher.

 

[Kev the gas]

Im with Barclays as well.

Their online banking works well for running numerous accounts ect.

Make sure you only pay in chqs when they mount up, they charge per transaction and per chq.

ie :- Paying in 1 chq costs 79p per transaction plus 30p per chq.

So if "possible" cut the amount of times you pay in, and dont use the cheque book at all, cant quote the price as I dont use it.

The account fee is a liberty tho @ £5.50 per month.

I cant comment on other banks.

Kev.

 

[Barry98]

i was with barclays now moved to santander , have a look at theres

 

[franz]

If you switch banks, most new banks will only give 6months free.
Who says you need a buisness account anyway,as a sole trader?

 

[Backboiler]

I don't use a business account

 

[REDSAW]

i dont use banks!

 

[secret squirrel]

I'm with santander they have given me FREE banking for life with there account......

NO CHARGES..... downside its internet banking but who cares...

 

[REDSAW]

I'm with santander they have given me FREE banking for life with there account......

NO CHARGES..... downside its internet banking but who cares...

do you have to deposit the cheques into the cd-tray?

 

[Resolute]

Who needs a business account, according to the press and the gov all plumbers earn £60k in cash - keep it under ya mattress!

 

[stevetheplumber]

i was with alliance and leicester who were great its now santander and they charge me £5 a month if i dont deposit £1000 a month which is most months now

 

[ratrace]

Santander is free. We are with them.

 

[S90GAM]

I've just moved from barclays to HSBC they gave me 12months free banking for switching, It may be worth a visit...

 

[secret squirrel]

do you have to deposit the cheques into the cd-tray?

Not normally, as there coated in rubber I throw them into the street and they bounce all the way to the bank.....

 

[Guest123]

I don't take cheques, prefer Paypal as I can take credit and debit card payments and don't have to wait a week for it to clear. As for Paypals fees, I charge a 2.5% surcharge on credit card payments like many retailers do to cover their costs.

By the way, cheques are NO longer guaranteed as cheque guarantee cards have been phased out.