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AuRavelling79

  • Posts: 26649
Re: Santander Bank
« Reply #20 on: July 15, 2025, 07:18:58 am »
Thanks for the replies chaps. I use an agent.

No tenant horror stories but a couple of issues over the years where a tenant put a drill through a cable putting up an unauthorised shelf and on the agent's advice I ended up taking a couple of hundred out of his deposit as a friendly sparky did the repair.

Another (going through a divorce) lost his job and asked permission to get rent reduced for two months which was paid back over 12 months.

Things happen.
It's a game of three halves!

GAZZA B

  • Posts: 313
Re: Santander Bank
« Reply #21 on: July 15, 2025, 06:11:42 pm »
Thank you every one, looks like there is nothing I ca do then, but just pay up  :'(

LBWCS

  • Posts: 651
Re: Santander Bank
« Reply #22 on: July 17, 2025, 01:19:00 pm »
Same letter here. Very annoying. On principle I will be cancelling.

CleanClear

  • Posts: 15423
Re: Santander Bank
« Reply #23 on: July 17, 2025, 08:29:54 pm »
Thank you every one, looks like there is nothing I ca do then, but just pay up  :'(

You could do no worse than try this :  https://monzo.com/business-banking/business-switch

Its completely free, I use Starling Bank my self, similar setup.

https://www.starlingbank.com/business-account/switch-business-account/
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dazmond

  • Posts: 24461
Re: Santander Bank
« Reply #24 on: July 17, 2025, 09:24:26 pm »
Thank you every one, looks like there is nothing I ca do then, but just pay up  :'(

You could do no worse than try this :  https://monzo.com/business-banking/business-switch

Its completely free, I use Starling Bank my self, similar setup.

https://www.starlingbank.com/business-account/switch-business-account/

It's notifying all your customers with new bank details which is a pain and making sure they all pay into the new account
price higher/work harder!

CleanClear

  • Posts: 15423
Re: Santander Bank
« Reply #25 on: July 17, 2025, 10:28:12 pm »
Thank you every one, looks like there is nothing I ca do then, but just pay up  :'(

You could do no worse than try this :  https://monzo.com/business-banking/business-switch

Its completely free, I use Starling Bank my self, similar setup.

https://www.starlingbank.com/business-account/switch-business-account/

It's notifying all your customers with new bank details which is a pain and making sure they all pay into the new account

Yeah i get that, but when you use the banking switch system like they offer , all payments even sent to your old account will still go through as normal to your new account.  For round about 18 months or maybe more, you'd need to check. But it is seamless, i know as i done it myself. Then i just changed the account numbers on my invoices and slips and told them to note new details to change to when they ready. Honestly it couldn't be easier .
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KS Cleaning

  • Posts: 4112
Re: Santander Bank
« Reply #26 on: July 17, 2025, 11:03:58 pm »
 It amazes me that folk baulk at paying a couple of quid a week for a very important part of our business when it’s a well known fact that we are all on £80-£100 per hour ;D

CleanClear

  • Posts: 15423
Re: Santander Bank
« Reply #27 on: July 18, 2025, 05:49:45 pm »
It amazes me that folk baulk at paying a couple of quid a week for a very important part of our business when it’s a well known fact that we are all on £80-£100 per hour ;D

Thats an interesting thought. You also said above.... "unless they're gonna start charging for every transaction.........."  Who do you bank with that doesn't charge you for every transaction, that may be handy to know ?

I had business account with Nat West for over ten years, i paid round about £30 to £40 per month in charges for my transactions. The branch was local to me and i could walk in and deposit the few cheques i took monthly. I had no complaints and would probably still be there now. However about 5 years ago Nat West had to sell off a portion of their business accounts due to some EU contravention or something, the end result was that i was told i had to get another account, switch banks and they would pay me £1250 to do so. I did post here about it at the time. For the reasons said by Daz above, i dreaded it. I didn't want to have to change my paperwork, invoices etc....


  As is usual for me i left it till last minute and signed up for and got a Starling Bank account. Free banking, i liked it and the app, it was easy to do and had lots more features (at the time). Due to a quirk in my circumstances i could switch to them from Nat West but i wouldn't get the £1250. So i opened another account with Yorkshire Clydesdale (Virgin Money) and migrated to that so i got my payment. So i now had, and still do... two business accounts. One free and one i pay. My local Natwest branch BTW has now since closed down.


   So, as i'm rambling i'll carry on as its not strictly the question asked by the OP but it is related. These new challenger banks as they're called (Monzo/Starling/Revolut etc) i found much better as everything was app based. The legacy banks have now gone that way too now and followed them and moved with the times. We all use apps now for everything.
  With my Starling account i can add an extra card if i wanted say for an employee to use (for fuel etc) and set a daily or weekly limit. All at the click of an app. I find it more comforting to know that if anyone banking system goes off line , has a glitch etc... i can still use the other one or access cash from it. In general i think two accounts are much better than one. I pay cheques into my Starling account by photographing them, OK others have caught up on this too but not all. But theres' lots more extra features.
 Probably what i need to do now is replace my paid for Virgin money account with a free one like Monzo, then i'll have no charges at all.  How i actually seperated my accounts out was like this........... run of the mill internet payers where i leave the details on my slip go into my Virgin Money account (paid for) , bigger (commercial accounts) where i send invoice go into my Starling (free) account.



  So  my spend with Virgin Money is about £14 to £16 per month now, so roughly £200 per year. If i could be bothered to go spend half an hour setting up a Monzo to replace it, that £200 will go to me and not Virgin. Of course i could switch it all over to my existing Starling account, but for the reasons i said above i think its best to have two acounts.
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KS Cleaning

  • Posts: 4112
Re: Santander Bank
« Reply #28 on: July 18, 2025, 09:27:09 pm »
It amazes me that folk baulk at paying a couple of quid a week for a very important part of our business when it’s a well known fact that we are all on £80-£100 per hour ;D

Thats an interesting thought. You also said above.... "unless they're gonna start charging for every transaction.........."  Who do you bank with that doesn't charge you for every transaction, that may be handy to know ?

I had business account with Nat West for over ten years, i paid round about £30 to £40 per month in charges for my transactions. The branch was local to me and i could walk in and deposit the few cheques i took monthly. I had no complaints and would probably still be there now. However about 5 years ago Nat West had to sell off a portion of their business accounts due to some EU contravention or something, the end result was that i was told i had to get another account, switch banks and they would pay me £1250 to do so. I did post here about it at the time. For the reasons said by Daz above, i dreaded it. I didn't want to have to change my paperwork, invoices etc....


  As is usual for me i left it till last minute and signed up for and got a Starling Bank account. Free banking, i liked it and the app, it was easy to do and had lots more features (at the time). Due to a quirk in my circumstances i could switch to them from Nat West but i wouldn't get the £1250. So i opened another account with Yorkshire Clydesdale (Virgin Money) and migrated to that so i got my payment. So i now had, and still do... two business accounts. One free and one i pay. My local Natwest branch BTW has now since closed down.


   So, as i'm rambling i'll carry on as its not strictly the question asked by the OP but it is related. These new challenger banks as they're called (Monzo/Starling/Revolut etc) i found much better as everything was app based. The legacy banks have now gone that way too now and followed them and moved with the times. We all use apps now for everything.
  With my Starling account i can add an extra card if i wanted say for an employee to use (for fuel etc) and set a daily or weekly limit. All at the click of an app. I find it more comforting to know that if anyone banking system goes off line , has a glitch etc... i can still use the other one or access cash from it. In general i think two accounts are much better than one. I pay cheques into my Starling account by photographing them, OK others have caught up on this too but not all. But theres' lots more extra features.
 Probably what i need to do now is replace my paid for Virgin money account with a free one like Monzo, then i'll have no charges at all.  How i actually seperated my accounts out was like this........... run of the mill internet payers where i leave the details on my slip go into my Virgin Money account (paid for) , bigger (commercial accounts) where i send invoice go into my Starling (free) account.



  So  my spend with Virgin Money is about £14 to £16 per month now, so roughly £200 per year. If i could be bothered to go spend half an hour setting up a Monzo to replace it, that £200 will go to me and not Virgin. Of course i could switch it all over to my existing Starling account, but for the reasons i said above i think its best to have two acounts.
I used to use RBS for my business banking until they said they were going to charge me for every individual internet faster payment transaction received….Santander charge me £7.50 for unlimited internet faster payment transactions.

CleanClear

  • Posts: 15423
Re: Santander Bank
« Reply #29 on: July 18, 2025, 09:45:41 pm »
.Santander charge me £7.50 for unlimited internet faster payment transactions.

For now. And thats a great deal, i have a friend (believe it or not) on the same deal. But if or when it changes you'll be able to revisit this thread and find alternatives should you need to.
*Status*--------Currently Online---------

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #30 on: July 21, 2025, 04:23:56 pm »
I’ve just had the letter from Santander. I’ve decided I’m going to switch to Starling or Monzo using the switching service. This will forward any payments sent to my old account & carry over any standing orders & direct debits. I will get new 'windows cleaned' slips made up with the new bank details to replace my old slips with the old details. It should pay for itself within a year.  Bit of a pain but I’m not paying for banking if I can help it. I have other costs that are increasing & some new costs too so I can do without paying for banking.

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #31 on: July 21, 2025, 06:16:46 pm »
Update to above…

Well I won’t be going to Starling as I just went through the whole application process online  only to get refused with no reason right at the end!😳

dazmond

  • Posts: 24461
Re: Santander Bank
« Reply #32 on: July 21, 2025, 07:23:37 pm »
Update to above…

Well I won’t be going to Starling as I just went through the whole application process online  only to get refused with no reason right at the end!😳

Switch to a First Direct current account  and you ll get £175.....(as long as you ve never had an account with them or a HSBC account before). Excellent customer service,£300 no fee overdraft,7% regular saver account and no fee charges when using your card abroad....

It has a great app too and no fees for ANY payments into your account whatsoever...

It's by far the best bank I've ever banked with. Easy to get to speak to a real human on the phone as well!
price higher/work harder!

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #33 on: July 21, 2025, 08:01:34 pm »
Already done that last year Daz on my personal account & got the £175.00 Can’t fault First Direct.

I need a free business account as I have an employee & it keeps everything nice & neat. Thanks though.

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #34 on: July 21, 2025, 08:17:49 pm »
Another update…

Just opened a new Monza business account. Was easy. I now  have the account number & sort code. Once I’m sure I will  get my new slips printed & use the switching service so any payments from customers that don’t see the new details will get forwarded anyway. That’s my plan anyway. Fingers crossed.

ants

  • Posts: 343
Re: Santander Bank
« Reply #35 on: July 25, 2025, 04:22:54 pm »
Ive  got a Starling business account
its free and its fantastic,so well organized,loads of info
Totally recommenced them

bravo20

  • Posts: 267
Re: Santander Bank
« Reply #36 on: July 25, 2025, 06:00:36 pm »
I got the letter the other day, when I  first started it was Alliance & Leicester , chose it because it was free banking, then got taken over by Santander and stayed free.
Just looked at Virgin Money business, anybody with them?
Think I will switch to another, but all customers have payment details set up, could be a problem switching them all.

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #37 on: August 02, 2025, 06:16:17 am »
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.

The Jester of Wibbly

  • Posts: 2269
Re: Santander Bank
« Reply #38 on: August 02, 2025, 08:04:55 am »


Well l, I've just opened a new HSBC Business account to move from Santander.

It's seems okay and better well known brand of bank with outlets on the high street too.

No monthly fee.  Only issue is a a much smaller fee for cash and cheques.  But if I really wanted to, I can just pay I cash to my personal account.  As for cheques?  What cheques?  I rarely take them, so I'm not worrying about 50p, nah, I won't lose sleep over it 🤣
Claim your 50% off your mobile payment card reader with Sum Up.  http://fbuy.me/f7Ve3

Simon Trapani

  • Posts: 1669
Re: Santander Bank
« Reply #39 on: August 02, 2025, 08:35:19 am »
I’m not taking cheques any more. It’s 2025 ffs.