Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Clever Forum Name on September 29, 2014, 05:32:11 pm

Title: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 05:32:11 pm
Self employed. Sole trader

Can you have two?

I want to use one for online payments and the other one for cheques this would massively reduce my bank charges?

they would be at separate banks
Title: Re: How many business bank accounts can you have?
Post by: Ian101 on September 29, 2014, 05:41:26 pm
Self employed. Sole trader

Can you have two?

I want to use one for online payments and the other one for cheques this would massively reduce my bank charges?

they would be at separate banks

you can have as many as you like  :)
Title: Re: How many business bank accounts can you have?
Post by: AJ on September 29, 2014, 05:42:57 pm
you can have a secondary account with the same bank

acc1 and acc2

we used to have one for the vat
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 06:25:36 pm
Barclays have changed how they do the charges you see. I will enquire at Barclays

Thanks guys.
Title: Re: How many business bank accounts can you have?
Post by: Paul erithwc on September 29, 2014, 07:07:36 pm
All my bacs, Gocardless automatic payments are free of charge with barclays

Paul
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 07:27:18 pm
All my bacs, Gocardless automatic payments are free of charge with barclays

Paul

Yeah I can do that too. Then pay £1.50 a cheque!!!
Title: Re: How many business bank accounts can you have?
Post by: Paul erithwc on September 29, 2014, 07:30:52 pm
I only pay 30p per cheque at the moment  ;D

75p per visit for paying in cash or cheques
85p per £100 cash paid in
and 30p for monthly statments

Paul
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 07:41:38 pm
That's what I was on. Everybody is being swapped over.

Between me and my dad the difference was 5 months between letters.
Title: Re: How many business bank accounts can you have?
Post by: Paul erithwc on September 29, 2014, 07:47:49 pm
Ahh just see the new rates  :'(  Time to push Gocardless and stop cheques  ;D

Paul
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 08:32:49 pm
Ahh just see the new rates  :'(  Time to push Gocardless and stop cheques  ;D

Paul

That's my idea. But will take some time.
Title: Re: How many business bank accounts can you have?
Post by: Paul erithwc on September 29, 2014, 09:38:34 pm
If im lucky i won't get the letter for a few months and stay on the lower rates until i stop the cheques
Title: Re: How many business bank accounts can you have?
Post by: KS Cleaning on September 29, 2014, 10:05:55 pm
Self employed. Sole trader

Can you have two?

I want to use one for online payments and the other one for cheques this would massively reduce my bank charges?

they would be at separate banks
IMO You would be better getting a business account with Santander. £7. 50 a month unlimited online payments and cheques, you can pay your coins in at the post office. If you take out the 123 credit card you get 3% cashback on fuel, so depending how much fuel you use, it is as good as free banking ;)
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 10:23:50 pm
Self employed. Sole trader

Can you have two?

I want to use one for online payments and the other one for cheques this would massively reduce my bank charges?

they would be at separate banks
IMO You would be better getting a business account with Santander. £7. 50 a month unlimited online payments and cheques, you can pay your coins in at the post office. If you take out the 123 credit card you get 3% cashback on fuel, so depending how much fuel you use, it is as good as free banking ;)

May look Into that. I don't want to swap accounts as I have a lot of online customers.

It's just the 1.50 a cheque I think is steep.
Title: Re: How many business bank accounts can you have?
Post by: KS Cleaning on September 29, 2014, 10:36:25 pm
Self employed. Sole trader

Can you have two?

I want to use one for online payments and the other one for cheques this would massively reduce my bank charges?

they would be at separate banks
IMO You would be better getting a business account with Santander. £7. 50 a month unlimited online payments and cheques, you can pay your coins in at the post office. If you take out the 123 credit card you get 3% cashback on fuel, so depending how much fuel you use, it is as good as free banking ;)

May look Into that. I don't want to swap accounts as I have a lot of online customers.

It's just the 1.50 a cheque I think is steep.
1.50 a cheque is shocking :o. If my bank were charging that I would be putting them into my personal account then transferring them over when cleared, robbing gits.
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 29, 2014, 10:40:57 pm
I am currently on the mixed payment plan butwant to go onto the electronic payment plan.
Title: Re: How many business bank accounts can you have?
Post by: KS Cleaning on September 29, 2014, 11:40:39 pm
I am currently on the mixed payment plan butwant to go onto the electronic payment plan.
That electronic payment plan looks dear to me as well, a suppose it all depends how many of your customers pay online. I had a RBS business acc, when I first started offering online payments to customers it was fine to start with, but as online payments became more popular it started costing me too much, at that time it was about £40 - £50 on average ( would be more now as more and more customers are paying online ) The biggest hassle in changing banks was having to re do my  'windows cleaned today' cards with the new account details, I stapled a wee letter to these tickets explaining I had changed bank. I also left my RBS account open for a few months just in case. 
Title: Re: How many business bank accounts can you have?
Post by: Clever Forum Name on September 30, 2014, 06:42:31 am
I do have a fair amount who pay online or are go cardless which is obviously the same.

The idea would be that I don't bank any cheques or hardly any cheques and any cash is Banked in a personal account then transferred over the same day.

But yeah even £1.50 per hundred pounds cash is expensive.

I just need a separate account for checks because it doesn't matter if I need to change accounts if they put the check prices up because it will only ever be for checks.

Cheques / check. Good old Siri for you lol
Title: Re: How many business bank accounts can you have?
Post by: AuRavelling79 on September 30, 2014, 07:26:48 am
I'm considering telling diehard cheque customers that I will accept cheques but that they must be at least £20 (so they may have to pay two payments in one go, but the second payment would be in advance of the next clean) or that I need to charge (say) £1 extra to process it.