Business Bank Accounts

[DMX Will]

obviously that is to those who know the Abbey Banking details/have applied....

[A1DL]

Can't fault Barclays, in fact I'd highly recommend them. We pay £100 per quarter all inclusive as an agreed fixed fee, not sure if it's the same now but I remember some years back when we first incorporated they charged something like £15 per month if your turnover was under £100k

[Solitaire Events Ltd]

Can't fault Barclays, in fact I'd highly recommend them. We pay £100 per quarter all inclusive as an agreed fixed fee, not sure if it's the same now but I remember some years back when we first incorporated they charged something like £15 per month if your turnover was under £100k

No, it's changed Tony.

I'm with Barclays on an free automated tariff, which means any internet payments etc are free. I only pay for cash and cheques paid over the counter.

[Thames Valley Discos]

So just checking this....as their website isnt that clear (at this time anyway).

- It's basically free
- I can pay in Cheques at my local branch to the account
- I also get a debit/visa electron/other card with the account
- and also a company Cheque book...

yes
yes
yes
oh and
yes

[Solitaire Events Ltd]

yes
yes
yes
oh and
yes

Yeeeeeeeeeeeeeeeeeeeeeeeees....

[Thames Valley Discos]

where is the flute??

[A1DL]

or for the VERY best in banking, talk to....

[Jiggles]

Pmsl

[Steve the DJ]

So just checking this....as their website isnt that clear (at this time anyway).

- It's basically free
- I can pay in Cheques at my local branch to the account
- I also get a debit/visa electron/other card with the account
- and also a company Cheque book...

Just to clarify a little further...

- It's basically free

Yes, as long as you do not pay in more than £3000 a month in cash, more than 100 cheques or make more than 100 cash/cheque withdrawals in a month. For a sole operator I think it is highly unlikely you will ever exceed these amounts and if you do receive more cash just pay into your normal bank and transfer it by BACS for free. There are charges exactly the same as other banks for bounced payments or going overdrawn.

- I can pay in Cheques at my local branch to the account

Yes but not over the counter. In fact you cannot conduct any business banking over the counter in a branch, you can only pay in, check balances etc. at a cash point. Because the branches do not deal with business customers at all they just take your cheques out of the machine and send it to a processing place in London to be credited. Considering they give you as many free postage envelopes as you can handle to send the cheques you receive straight to this place anyway you would only need a cash point to pay in cash.

- I also get a debit/visa electron/other card with the account

You receive a Visa Debit card to operate the account with and a cash card if you also open the business savings account called Business Reserve which pays higher interest.

- and also a company Cheque book...

Yes.

[DMX Will]

Thanks for that buddy