camers
08-11-2005, 09:43 AM
Which bank do you recommend choosing for a business account within the UK.
I have several branches available in my area. Royal Bank of Scotland, HBOS (Halifax bank of Scotland), Lloyds TSB and Clydesdale Bank.
What sort of things am I looking at here, in terms of extra bonuses that some banks may not have etc. Obviously online banking is a MUST, and some way of payment online, such as VISA card etc.
Thanks in advance.
monaghan
08-11-2005, 12:06 PM
If you have a low turnover, give Abbey a try, they are free and have on-line banking. The only drawback I've seen so far is that you can't setup a direct debit to collect payment from your customer. You get a VISA Debit card and they supply post paid envelopes for paying in of cheques.
camers
08-11-2005, 12:17 PM
Also, What about NationWide. Forgot about that branch.
To be honest, I would like a local branch. I'm very near the town high street and like smiley branch staff.
etechsupport2
08-16-2005, 04:48 AM
I would recommend Royal Bank of Scotland, (WorldPay) is also a part of The Royal Bank of Scotland Group.
Valve Ben
08-16-2005, 07:03 PM
I know they arent in your list, but whatever you do dont use Natwest, they are horrendous to deal with :-(
othellotech
08-17-2005, 10:05 PM
We use Lloyds and have been very happy.
Other than the weekly down to pay in cheques I never visit a branch, everything is done online or by phone.
When picking your bank, look at the transaction rates after the free periods end, find out how long they take to clear a deposit into your account, and what their online and phone banking services are like.
GordonH
08-22-2005, 05:04 PM
We use Bank of Scotland and Abbey.
Abbey are the best of the two.
Bank of Scot wanted a £250,000 in cash to give us a merchant account.
Royal Bank only wanted £180,000.
I stonewalled them and got it down to £50,000.
talkster5
08-22-2005, 08:06 PM
Originally posted by GordonH
We use Bank of Scotland and Abbey.
Abbey are the best of the two.
Bank of Scot wanted a £250,000 in cash to give us a merchant account.
Royal Bank only wanted £180,000.
I stonewalled them and got it down to £50,000.
You sure you got your figures correct?
GordonH
08-23-2005, 02:41 AM
Yes.
Its because its all customr not present transactions.
People using Paypal do not know how lucky they are.
