[Scottish Cleaning Service]

I think our days of free business banking is over. There is still a few about but I think that will change and all will eventually charge. I have gotten used to paying a fiver a month with the TSB but that may change, now it has been bought over. The banking industry has been in contraction mode since the internet and I think we will see more consolidation and more ways for them to make money. fwiw

[KS Cleaning]

Just another update from me…

Opened & then closed the Monzo account. They would only let me ise my name tradings as ‘company name’ which is a bit of a mouthful. I did a couple of test transfers from my other own accounts & becomes a problem with CoP (Confirmation of Payee) & just looks unprofessional imo. If i was going to do that I may as well use a free seperate personal account ffs!

So I opened a free Virgin business account. This works as I want with CoP using my company name. I don’t particularly like their website as you have to click on each individual transaction to copy &  paste the reference into Aworka. I’m trying to work out how much is just me getting used to change & how much is their poor website.

So I will hold fire for a while & hope Santander renege on their monthly charge before it comes in in October as they did once before in 2012. If they don’t though I will probably use the switching service to Virgin & get those new slips made up. My web/printer guy is on standby.

Do you have the 321 credit card with Santander? It costs £36 for the year but you get cashback when using the credit card. If you have highish expenditure you could then use the cashback to offset the monthly bank charges.