[Ian_Giles]

Yeah, was a piece of cake.

Over time I got so fed up with being charged for everything.

At one point my business account statements were only about 6 lines long on a single sheet of paper yet it was still costing me about a tenner a month in charges (in credit at all times too)
Personal account was about 4 or 5 pages long and totally free.

Hence I binned the business one and worked off the personal one.

I still have my business name of course, but simply ask customers to write any cheques out to me personally.
On my invoices I also have my bank details and give them the option of paying online, which many now do, ditto many of my commercial accounts.

The bank has occasionally queried me about it, but I point out I don't pay that many cheques in and that I am a small, sole trader.

Ian

[p1w1]

Maybe worth looking into a bit more I am currently focusing on getting all customers to pay online but i'm starting to get a bit peed with the amount i'm paying in charges.

thanks
paul

[Dennis Taylor]

A shame you returned the cheque, you can re-submit it up to 3 times, and if it bounces each time the guy will get charged by his bank for doing so...so even if you can't get your money out of him, you can at least cost him about £15.00 every time it bounces¬!!


Ian

And you get charged as well ( about £7.50)  so don't keep representing it unless you know it will clear.

[ccmids]

ive not got a business acount .

[dai]

I have the same as Ian, two personal accounts with HSBC, one I only use for business, and like him the have queried it a couple of times.
I just say Ok I'll close the account, but then they always back down, being doing it for 15 years now, and I don't get charged for rubber cheques either.

[Sean Dyer]

i have been using personal account does it matter there not seperate?

or just convenient to have 2?

[dai]

i have been using personal account does it matter there not seperate?

or just convenient to have 2?

Having a separate account for your business makes your book keeping a hell of a lot simpler.
You know that apart from what you draw for wages all credits and debits are business related.

[wizard]

I was told you do not have to have a business account Just use a trading name and I put on my invioices all cheques made out to my name. A custy question it and I took advice on it.Told no problem.
What I also put in my terms of business a clause stating that all cost of refusal of cheques by the bank will be to the Payer account aswell a legal costs related to the cheque recovery.This is on the back of my invoices.

[ccmids]

its been a week now still no ones got intouch about the bouncey cheque , what next??

[Gav Camm lammy 283]

you gota give him a knock

[ccmids]

were

[ccmids]

do you recon a week is long enough to wait

[jonnyald]

folk who bounce cheques are in a mess . i would have been round there pronto to get cash or a promise of the cash,and back to follow it up .  there is a good saying "its the wheel that squeaks,that gets the grease !"

[ccmids]

cheers ill nip round with my grease.  thanks ill let you know what happens.

[cockney rebel]

I've had that happen to me a few times. My bank charges me £6.00 so i charge the customer that so im not out of pocket. Had one bounce for £7.00, so with my charge of £6.00 as well, and there banks charge which was £20 it cost them £33 in the end. I don't understand why people give cheques if they ain't got the money in the bank.