Business Bank Accounts

  1. Brad93

    Brad93 M J B Engineering

    Messages:
    4,302
    Location:
    Essex
    well the need to use a proper business account has finally arisen.

    I do all my personal banking with Barclays and I rate them pretty highly but they are one of the most expensive for business banking.

    Has anyone got any views on HSBC. They’ve got better rates and 18 months free but I’ve been on hold for over half an hour trying to talk to them about the application I’ve started online!

    A quick google shows they were voted 9th in customer satisfaction survey carried out on business accounts in August.

    Not sure whether to stump the extra money a month for Barclays.
     
  2. daedalusminos Member

    Messages:
    379
    Location:
    Norwich
    I've got Barclays personal and business...I think it's £6/mo for the business plus fees for paying in. A rip-off in my mind but very useful having them both available in the one app. They even made the decision for me not to renew my debit card....because I didn't use it (actually I did on the rare occasion I paid cheques in).
     
  3. skotl

    skotl Forum Supporter

    Messages:
    5,949
    Location:
    Edinburgh, UK
    I wouldn't recommend HSBC. Their business account portal (hsbcnet) is an appallingly bad interface - every time we have to do something for the first time we need to get on to their help desk for an hour at a time to get it configured.
    There are far more important things that a business needs to concentrate on than trying to figure out how their banking software works...
     
    Parm, slim_boy_fat and Brad93 like this.
  4. knighty Member

    Messages:
    1,210
    Location:
    Sunderland
    if you're in the federation of small businesses you get (mostly) free banking from CoOpBank

    they charge you to pay in cash, first £1000/month is free

    they haven't charged me for anything else, cheques in/out, online banking, direct debits, transfers etc. etc.
     
  5. Keith 66 Member

    Messages:
    1,356
    Essex UK
    I was with Barclays for twenty years, buisiness account, then they started closing branches & became very expensive. Totally unhelpful so i switched to Loyds TSB, they were much better. Following the IT debacle recently a lot of people left.
    I have stuck with them, good service in a local branch & much better deal all round. Current account with interest as well.
     
  6. brightspark

    brightspark Member

    Messages:
    23,916
    Location:
    yarm
    im with hsbc there all robbing b ankers :whistle::laughing:
     
    johnik likes this.
  7. WorkshopChris Forum Supporter

    Messages:
    3,817
    Location:
    South East Essex
    I have been happy with Natwest since i changed at the start of the year.
     
    Windy Miller and Yellow peril like this.
  8. Windy Miller Forum Supporter

    Messages:
    2,397
    Kent, UK
    Yep Nat West for me too. Only chose them as they had a branch next to where I was working at the time. They've closed it since, but they seem ok. £5 monthly fee
     
  9. Kayos

    Kayos Member

    Messages:
    3,635
    Location:
    Yorkshire
    I’m with NatWest and my free period is nearly up, I like them so far but let’s see what it’s going to cost me
     
  10. MattH

    MattH Member

    Messages:
    2,962
    Location:
    Bristol
    I run two businesses with Lloyd’s after changing from HSBC.

    Lloyd’s good.
    HSBC bad.
     
    skotl and brightspark like this.
  11. pcwizme Member

    Messages:
    214
    Location:
    Essex, UK
    Natwest for us, £5 a month max charges but any use comes out of until you hit £5....
    Used TSB for another business and that was awful!
     
  12. bert Member

    Messages:
    290
    Location:
    Wiltshire, England
    I had mine with HSBC but they have decided to close it for some unknown reason. Today I met with the business manager at Lloyds and opened an account with them. Pretty quick meeting and it was all sorted.

    Online banking available straight away and will have a card in 7 days.
     
  13. weldequip Forum Sponsor

    Messages:
    5,284
    Location:
    England
    You are going in to the welding/manufacturing industry? Go for the one offering the largest overdraft facility
     
    Sputter and bigegg like this.
  14. Brad93

    Brad93 M J B Engineering

    Messages:
    4,302
    Location:
    Essex
    Just contract welding thank god. Had that headache before so know what you mean!
     
  15. steviec_lj

    steviec_lj Member

    Messages:
    1,682
    Location:
    Barnetby, N.Lincs
    Used HSBC, and they closed both personal and business accounts, absolutely terrible service anyway so won’t be going back.

    With Yorkshire Bank currently, as I got 18 months free banking with them. Didn’t get an overdraft as I shouldn’t need one :ashamed:
     
  16. Sputter Forum Supporter

    Messages:
    35
    Location:
    Shropshire England
    Good luck with HSBC Brad. Your experience of too much wasted time on the phone is one of the reasons I closed my business account with them only this week. My problems started a few months ago with their "safeguarding" review (check out others problems with this before you commit), which kept insisting I hadn't entered correct address details, even though they have been happily sending all correspondence to it for the last 6 years. I even received letters at this same "incorrect" address to say that if I didn't supply "correct" information, the account would be closed.

    I changed to the Yorkshire Bank. No more bank charges for the next 18 months and much cleaner interface to use online.
     
    Brad93 likes this.
  17. Brad93

    Brad93 M J B Engineering

    Messages:
    4,302
    Location:
    Essex
    I think I’ll go with Barclays!

    That’s terrible.
     
  18. bump Electricity is great!

    Messages:
    1,199
    London now
    HSBC are very active on CiSP, doesn't help on the charges front, but they are very security aware.
     
    Brad93 likes this.
  19. 8ob

    8ob Member

    Messages:
    2,534
    Location:
    moscow on thames
    I have banked with lloyds since god was a boy and things have changed for the worse, managers are all gone and everything is dealt with by a call center which normally means a morning in the office sorting things that used to take seconds.Really not impressed with faceless banking and preferred the branch manager set up.

    Bob
     
    fixerupper likes this.
  20. addjunkie

    addjunkie Forum Supporter

    Messages:
    4,127
    Location:
    Northumberland. Reet oot in the sticks
    You must have heard my feed back last time barclays rang me, about their customer service. Think they are all as bad as each other one way or another!
     
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