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Which is the best account for a small business?

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Old 07 November 2004, 10:08 PM
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turboman786
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Default Which is the best account for a small business?

Can anyone give me any ideas as to which is the best bank to bank with for a small firm of solicitors?
Old 07 November 2004, 10:23 PM
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Harry_Boy
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Not sure, but presumably you'll be wanting to at the very least offset your office account charges against any interest that accrues on your client account....

Also compare costs for CHAPS, whether there's a straightforward overnight deposit facility etc....
Old 07 November 2004, 11:30 PM
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gso
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Abbey free banking for life is ideal for small businesses
Old 07 November 2004, 11:37 PM
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moses
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salamun alaikum bros hows u

abbey national as the man says and also loyds tsb for small business;s no bank charges etc or something like that
Old 07 November 2004, 11:42 PM
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248SPG
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Default 1 Vote for HSBC

I use HSBC.

Works out very cheap if you collect money by DD and pay by BACS/CHAPS like I do.

But thinking off it as a solicitors most of your money in will be by cheque so maybe not.

If you are a start up you could probably haggle one against the other

Hope this helps

Steve
Old 07 November 2004, 11:44 PM
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Harry_Boy
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Originally Posted by 248SPG
But thinking off it as a solicitors most of your money in will be by cheque so maybe not.
Depends if it's a conveyancing practice. If so, a lot of lender funds now come in by Chaps, and completion payments are generally Chaps based.
Old 08 November 2004, 12:04 AM
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giro bank, through alliance and leicester you can bank at any post office aswell

mike
Old 08 November 2004, 11:11 AM
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We have also just opened an Abbey account for our new small biz, free banking for life, of course there are limitations but we feel we will sit nicely within these. After having a biz account for 7 years with Nat West and being stung right left and centre with charges for this that and t'other, this will be a breath of fresh air.
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