Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: colin bird on July 20, 2016, 02:48:16 pm
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hi thanks for reading,i currently bank with nat west and pay fixed monthly fee of £25,just received a letter form them advising they are going to be stopping this account ,and my new monthly estimated bank charges will be £87,this is due to the amount of cheques paid in and bacs transfers etc account is aways in credit.
due to the above im looking to move banks,any advice on the cheapest account would be much appreciated
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Iv just got a current account , i only use it for bacs and cheque's but never been questioned, and it's free
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Iv just got a current account , i only use it for bacs and cheque's but never been questioned, and it's free
+1
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santander do a business account with a flat rate,think its £15 a month
i got it when it was free ;D
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Join the FSB - you'll get free representation if you get an Inland Revenue investigation plus you get free banking at the Co-op
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santander do a business account with a flat rate,think its £15 a month
i got it when it was free ;D
e
Since putting post on I've contacted Santander,£ 7 .50 bacs,cheques in and out standing orders,direct debits and your allowed to £1000 cash in a month ,but I don't get any cash
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Join the FSB - you'll get free representation if you get an Inland Revenue investigation plus you get free banking at the Co-op
Hi Ian what's Fsb ?
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I've had a letter off natwest today as well its bloody scandalous :o
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santander do a business account with a flat rate,think its £15 a month
i got it when it was free ;D
e
Since putting post on I've contacted Santander,£ 7 .50 bacs,cheques in and out standing orders,direct debits and your allowed to £1000 cash in a month ,but I don't get any cash
there you go then
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Join the FSB - you'll get free representation if you get an Inland Revenue investigation plus you get free banking at the Co-op
Hi Ian what's Fsb ?
Federation of Small Businesses
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Join the FSB - you'll get free representation if you get an Inland Revenue investigation plus you get free banking at the Co-op
Hi Ian what's Fsb ?
Federation of Small Businesses
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Thanks Ian thanks Ian free banking sounds good,the help,if you get a tax inspection is a massive bonus as could save a lot of money and grief
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I just got the same letter, absolute disgrace.
To go from 25 pounds a month to 87 is unreal, cant see many people staying.
I know it sounds daft but i stayed with them because they have lovely old buildings which they preserve so i accepted 25 quid a month, but sadly no more.
Afraid the Spanish get my business now >:(
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Same for me.
Royal bank of Scotland was flat rate of £25
Now they are estimating I'm Going to pay £60 per month.
I won't be staying that's for sure.
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I pay £5 a month with lloyds and I thought I had something to resent. Changed my mind after hearing what others are paying. :o ;D
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I'm switching to Santander..
Tis a nightmare though as 70% of my round pay by Bacs so i got to tell hundreds of custys my new details now :(
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Out of interest, what is it about bacs payments that banks feel the need to charge for ? cheques I can understand - someone has to physically process them but bacs I would have thought was a completely automated transaction. I don't have a business bank account btw, just a second building society current account for recieving bacs payments that I then transfer to my main current account. pay cash in to the machine in branch and same with cheques which have reduced significantly to maybe 10 a month. If you are using round management software is there any need as a sole trader to have a business account ? sounds like unescessary charges for no good reason ???
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hi thanks for reading,i currently bank with nat west and pay fixed monthly fee of £25,just received a letter form them advising they are going to be stopping this account ,and my new monthly estimated bank charges will be £87,this is due to the amount of cheques paid in and bacs transfers etc account is aways in credit.
due to the above im looking to move banks,any advice on the cheapest account would be much appreciated
Just had same letter, they are taking the p, my predicted cost on letter was from £25 to £81 per month
Even if I pay any cash and cheques in to build soc my main cost is the automated credits.
Complete tossers.
Complete pain in arse, having to give new bank details to all on line paying customers.
Mr B
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dont know why your all moaning,if you care to read the terms and condition of your personal account it will say that your not allowed to run a business though it,hence the wording "personal"
so now your being put on to there business accounts and rates ::)roll ::)roll ::)roll
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dont know why your all moaning,if you care to read the terms and condition of your personal account it will say that your not allowed to run a business though it,hence the wording "personal"
so now your being put on to there business accounts and rates ::)roll ::)roll ::)roll
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Hi mate the £25 a month was a fixed rate for a business account,the new rate is due to they are not offering that business account anymore,the estimated cost of the new account is £112 which is an increase of £87 per month on top of the £25 I was paying, which I think is out of order, if I was mugging them off and was using a personal account for business I would understand,but how can't they justify that increase ?
But as previous I'm going to Santander £ 7.50 a month so I'm happy
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To those needing to set up new accounts, am I right in thinking that it's free to receive a BACS payment?
If so, no need to let your customers have the new account details.
Just open a new business account, a lot are doing free banking for 18 months.
Then no matter where the payment comes from, BACS to the account of your choice once it's in.
For example, I was one of the lucky ones who got 'free business banking for life' from Santander.
But when we went limited, my accountant wanted me to have a Barclays business account.
Which is £6.50 a month +£1.50 for every cheque I write or deposit. All E payments, free.
But my local branch doesn't have a nightsafe.
I bank personally with HSBC.
So, every Wednesday morning, around 7am I deposit all my cheques (though not a lot anymore admittedly) in Santander.
Customers who pay BACS, only a few tbh, pay direct to Barclays.
And at the end of the month I plop my cash in the automatic machine in HSBC.
Last working day of the month, everything gets BACS'd (on my phone) to the 'proper' business account.
Still only costs £6.50PCM (+GoCardLess charges)
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A box under the bed is the cheapest.
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dont know why your all moaning,if you care to read the terms and condition of your personal account it will say that your not allowed to run a business though it,hence the wording "personal"
so now your being put on to there business accounts and rates ::)roll ::)roll ::)roll
All of the above comments ARE about business accounts.
Banks like RBS and a few others have just this week decided to stop having the option of a flat rate business account.
They are now moving to a 'chargeable' business account, basically to push small businesses out.
So before you could pay £25 per month flat rate, but now every transaction is going to be charged, 50p for every bacs payment sent through, etc.
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Run two or three personal accounts where its all free. Then do Internet bank with all of them . Put cheques into a saving a/c and tranfer to current personal a/c. I have been in this business for 8 years and never had a business a/c.
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Ha, came back from holiday to a letter informing me that RBS were putting my charges up from £60 p/m to £540 p/m :o
I was straight on the phone to them but they couldn't put me through to anyone with any authority to fix it. So they raised a complaint and need to get back to me within 5 days as per their terms and conditions.
Ah well, had a decent run with them I suppose, I've got appointments with Halifax and Clydesdale Bank next week. Going to be an absolute royal pain in the harris.
::)roll
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And there's this nugget as well from Natwest: https://www.theguardian.com/business/2016/jul/25/natwest-paves-way-for-introduction-of-negative-interest-rates
Only a plan but watch your money evaporate as you leave it with them.
Vin
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The letter from the RBS actually suggested that I just hang on to any cash I get because it'd work out cheaper for me. WTF is going on?
It's a sorry state of affairs.