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Andy C

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Guys and Ladies,

Any advice on what’s the best business account to start off with.

I am currently using my own personal account but want to move away from that as I may decide to go Ltd.

So can I ask for experiences good and bad with banks especially internet banking.

Thanks in advance as always.
 
Hi @Andy C

I've had very bad experiences with natwest and RBS so would definitely avoid them, they have no in branch business advisors so if you want to go and have a chat you cant!

On the other hand I have been with HSBC before and just the last 12 months started again with them. Most excellent service so far I have a business credit card, debit card and savings account, no charge for the first 2 years with them. In house business adviser so if you do need a chat you can.

Hope that is of some help!
Sy
 
Hi @Andy C

I've had very bad experiences with natwest and RBS so would definitely avoid them, they have no in branch business advisors so if you want to go and have a chat you cant!

On the other hand I have been with HSBC before and just the last 12 months started again with them. Most excellent service so far I have a business credit card, debit card and savings account, no charge for the first 2 years with them. In house business adviser so if you do need a chat you can.

Hope that is of some help!
Sy
Thanks Sy, HSBC was one of a couple of banks I am considering but m glad to know which ones to avoid.
 
I went Santander. Decent business banking lady in branch always happy to help and has a direct line.
free for first however long they are offering at moment afterwards £7 a month i think it is.
 
I'm with Santander and have no complaints.

Used to be with HSBC but their charges were extortionate so I closed my business account. Which prompted them to "misplace" my account balance for two weeks. Closed all my dealings with them after that. I had banked with them since I was 7 years old and they couldn't have given less of a ---- about my loyalty.
 
I'm with Santander, one of the very few banks to have a branch in my local town now. Also have my personal account with them which makes life simpler.
 
If you want to pay then HSBC, if you have £5K spare to deposit then Metrobank as with a constant £5k deposit business banking is free, HSBC charge me £5.50 a month (free for first 18 months) and they are fine.
 
I heard Santander won’t take cash or even check over the counter and has to be done through machine? I’m with Lloyd’s and have a dedicated person to deal with.
Sadly this is correct. A royal PITA at times as the machine is slow when doing multiple deposits, and sometimes it can't read the cheque. Also it often doesn't take all the notes on a cash deposit.
 
I had a HSBC account. It was a business account although it was for a classic van owners club. I ended up closing it as it was too expensive. They also charged me an annual fee for the credit card even though the account was closed and I struggled to get the money back.
 
I quite like the fact that you can use a Post Office with HSBC although I do have one three minutes walk from my house, cash just gets paid over the counter straight onto your debit card which then finds it's way into your account.
 

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