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Which Business Bank account? - about to go self employed...

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Old Aug 23, 2004 | 03:50 PM
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From: Class record holder at Pembrey Llandow Goodwood MIRA Hethel Blyton Curborough Lydden and Snetterton
Question Which Business Bank account? - about to go self employed...

.... well, the missus is anyway.

To those with experience in these matters, which bank would you reccommend?

High Street or internet?

Many thanks
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Old Aug 23, 2004 | 03:55 PM
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Originally Posted by Jay m A
.... well, the missus is anyway.

To those with experience in these matters, which bank would you reccommend?

High Street or internet?

Many thanks
Always found Alliance and Leicester helpful and straightforward.

Used to offer £25 opening bonus as well.
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Old Aug 23, 2004 | 03:57 PM
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Natwest have been brilliant for me. What sort of business?
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Old Aug 23, 2004 | 04:41 PM
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Originally Posted by andrewdelvard
Natwest have been brilliant for me. What sort of business?
Yep, Natwest here as well

I think you will find the advantage of being able to meet your personal business advisor at your local branch / your office far outways the internet banks rates & fees

Matt
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Old Aug 23, 2004 | 04:49 PM
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Used Lloyds and Barclays in the past and with HSBC now. Out of them all they're as good/bad as each other.
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Old Aug 23, 2004 | 05:42 PM
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From: Class record holder at Pembrey Llandow Goodwood MIRA Hethel Blyton Curborough Lydden and Snetterton
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Originally Posted by andrewdelvard
Natwest have been brilliant for me. What sort of business?
HR consultant

Basically she'll be arranging /conducting interviews and suggesting a shortlist to an agency who will then present the candidates to the client. She'll charge the agencies a daily rate.
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Old Aug 23, 2004 | 06:18 PM
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Direct Business banking from Natwest is good and a bit cheaper than their business account from the branch.

Combined with their internet banking I find it very useful and easy to manage your cash.
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Old Aug 23, 2004 | 09:16 PM
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I would try Bank of Scotland. I found them to be a lot more helpful than some of the others and from memory they were giving a years free banking.

I applied online, through the Halifax website. www.halifax.co.uk

Good luck with the new venture.

Chris
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Old Aug 23, 2004 | 10:16 PM
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My business is with Bank of Scotland too, they also offer some zero charge online accounts to store all that hard earned :-)
Sean
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Old Aug 23, 2004 | 10:17 PM
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I have found the Abbey to be the best out of all the ones that I have used,free business banking for ever and they pay interest on your cheque account.
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Old Aug 23, 2004 | 10:33 PM
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I'm with the Nat West and they charge you fees to withdraw, fees to deposit, fees for standing orders, fees for electronic transactions, fees to write cheques, fees for your business card, monthly maintainence fees... In fact, It would be a lot easier if they just asked you to bend over so that they can shaft you up the ar$e without all the bother.
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Old Aug 24, 2004 | 12:09 AM
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Originally Posted by deano
I'm with the Nat West and they charge you fees to withdraw, fees to deposit, fees for standing orders, fees for electronic transactions, fees to write cheques, fees for your business card, monthly maintainence fees... In fact, It would be a lot easier if they just asked you to bend over so that they can shaft you up the ar$e without all the bother.
Same with the other three major high street banks. What p*sses me off is that shop owners who turn up with their sacks of pennies to spend all day and hold everyone up don't get charged!
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Old Aug 24, 2004 | 08:33 AM
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Yep as above they are all as bad as each other, used to use barclays, were ok but their online banking was missing some critical stuff, with natwest now and they are ok but nothing special, certainly nothing like 'there is a better way' ad campaign, thats utter bollocks!
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Old Aug 24, 2004 | 08:45 AM
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We were with NatWest but left when BOS took over and sacked our manager then replaced him with some teenager.

Went to Barclays - in all honesty they are all much the same, but at least our Barclays manager takes us out on the p*ss once a year.

Sorry - it was RBS, not BoS that took over NatWest. It was a bunch of jocks, which ever way you look at it.

Last edited by ProperCharlie; Aug 24, 2004 at 08:48 AM.
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Old Aug 24, 2004 | 08:57 AM
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Originally Posted by Merv
I have found the Abbey to be the best out of all the ones that I have used,free business banking for ever and they pay interest on your cheque account.
I went with Lloyds because they don't charge for the first year, but will be changing to Abbey when that year is up.
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Old Aug 24, 2004 | 09:40 AM
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Abbey very good
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Old Aug 24, 2004 | 11:35 AM
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Don't Abbey take longer to clear cheques like other building society/banks?
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Old Aug 24, 2004 | 12:41 PM
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RBS are very good. They don't charge you for stupid things like the other banks do. And if you go to your business manager and ask for short term borrowing of cash, they wont shaft you. Very handy when there's wages to pay and your cheques are "in the post"
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Old Aug 25, 2004 | 12:01 PM
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From: Class record holder at Pembrey Llandow Goodwood MIRA Hethel Blyton Curborough Lydden and Snetterton
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Thanks for all the replies
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