[david watts]

mine got me today nat west : its a bis account joe blogss bis acc
but custys wright joe bloggs windows; window cleaning or just jcb initals
so now they turn funny gets on your wick

[Paul Coleman]

hi ive just opened a business account with santander free banking for life there is a limit of deposits per month of 100 cheques but you can put like 20 cheques in one deposit and it only be classed as 1 deposit you get unlimited direct debits  debit card payments  automated BACS credits and transfers between linked accounts hope this helps

and 10 days before cheques clear

With Santander, if I pay cheques in by ATM, they are clear on the same day of the week one week later so long as I don't deposit them late in the day and so long as their are no bank holidays.
Their big downfall is that they won't show the BACS references.  This is OKish if you only take a small numbver of BACS payments but, as cheques reduce and BACS increase, it could be a nightmare trying to figure out who has paid.

[wpclean]

Just a warning note about putting cheques into the atm machine , sometimes it cant scan the right amount on the cheque ( ie a cheque for ten pound it reads as 0ne penny ! )   Make sure when it asks you to confirm the amount you check it is correct !

[waynebarry]

Surley after your 18 months free banking you can either change banks or you can start putting your bank charges against your tax ?

[Londoner]

Surley after your 18 months free banking you can either change banks or you can start putting your bank charges against your tax ?

Yes of course but its a game of cat and mouse. Never spend money if you don't have to (first rule of business) and why give it to the banks who still make big profits and pay themselves fat bonuses.

Anyway you only get effectively 25% of what you pay out offset against your tax bill.

[Sapphire Window Cleaning]

Surley after your 18 months free banking you can either change banks or you can start putting your bank charges against your tax ?

Yes of course but its a game of cat and mouse. Never spend money if you don't have to (first rule of business) and why give it to the banks who still make big profits and pay themselves fat bonuses.

Anyway you only get effectively 25% of what you pay out offset against your tax bill.

If you have a business account, all the charges can be offset against tax!
You should get an invoice for all of the bank charges, obviously if you bounce cheques and miss direct debits and they charge you then that is a different matter but every day running costs of the business bank account can be offset.


Matt

Matt

[john tomkins]

Surley after your 18 months free banking you can either change banks or you can start putting your bank charges against your tax ?

Yes of course but its a game of cat and mouse. Never spend money if you don't have to (first rule of business) and why give it to the banks who still make big profits and pay themselves fat bonuses.

Anyway you only get effectively 25% of what you pay out offset against your tax bill.

If you have a business account, all the charges can be offset against tax!
You should get an invoice for all of the bank charges, obviously if you bounce cheques and miss direct debits and they charge you then that is a different matter but every day running costs of the business bank account can be offset.


Matt

Matt

I think what he means is if your charges for the year are say £100, then you will only reclaim 25% of that back from tax

[Sapphire Window Cleaning]

Tom I know what he was trying to say mate, if the everyday running cost of your business bank acoidiot is £100 for the year that £100 is offset so you wont pay tax on that £100 which would be £23 in tax.
Further more having a business account in your business name will show customers that you are a bonefide company.



Matt

[A & J Owen Window Cleaning]

i know mate they are getting sniffy with a few of mine mate just threaten to take custom elsewere they am fine now

[DaveG]

Ive had my Nationwide account over a year now and pay cheques in using the automated deposit machine...never had a problem 

[davids3511]

Further more having a business account in your business name will show customers that you are a bonefide company.



Matt

But by the time they figure that out they are writing you a cheque. Therefore they are already a customer so I don't see the attraction?

[richard jagger]

Just as a matter interest A mate workrd for a bank clearing house, Were all cheques and changew between Banks.He told me all checuea a cleared at the end of each day if not they would not go home till it was.I asked does it take so long on my account.Answer all bank have to by law have acertain amount of cash and the longer they keep your cash the less chance they will get into trouble. So we are keeping there cash flow up.I ownwd a estate company id South AFrica and the Trust account were all deposits on house sales was keeped would bring in about 5000 a year on interest.Now thats a lot of cash for nothing.

[Sapphire Window Cleaning]

Further more having a business account in your business name will show customers that you are a bonefide company.



Matt

But by the time they figure that out they are writing you a cheque. Therefore they are already a customer so I don't see the attraction?

I have payment methods on my website which states all cheques must be paid to MB Window Cleaning. rather than Matthew Buchan. they see that before they even contact me.



Matt

[SteveAllan]

I dont accept cheques anymore, too many bounced on me so no more.