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Post Info TOPIC: Business bank accounts
Dom0311


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Business bank accounts
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I need to open a business bank account for my bookkeeping business.
Can anyone advise on the best bank accounts/rates/charges? that are available at present.


Thanks


Dom



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Julie


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Hi Dom,

I would search for one that is offering free banking for business start ups. Some banks are offering between 12 and 18 months free banking. Im with Lloyds TSB, but I am sure all high street banks will have similar packages.

Julie

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Dom0311


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Thank you Julie for your prompt response. I will look at the TSB website and other banks as well. It's good to get first hand experience from others as this is a first for me.

Dom

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Terri


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I just went with the Natwest and they are offering 2 years free banking. Not only that but I was really impressed with the service that they have offered so far and opening up a business bank account was really easy

Terri

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Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
Dom0311


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Thanks for that. I found also that Abbey are doing free banking for life as long as you stick to their limits.

Dom



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AccountantsCircle


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I've not much new to add to what the others have said on which bank... except in the UK we use HSBC and been happy enough too. I think free banking was 18 months but not sure... I can say no one here likes paying bank fees!

You'll have to look for what is convenient and important for you - branch location, online banking and functionality, fees - how much is it on how you bank etc.

Another thing that may be worth considering is to meet with a couple of the branch/business managers and say you are looking for a bank, and one you might be able to refer clients to.  See if they have a rewards scheme (HSBC offers £50 I think), and also if they might be able open to referring their new business to you.

-- Edited by AccountantsCircle at 18:34, 2009-02-12

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John Gesch
The Accountants Circle
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TraceyAnn


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I use the alliance and leicester but if you are a member of the FSB you can get free banking with the coop for life.

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