Business Forums : Business Money Management

Small Business Bank Account Costs...

By: Chris Thompson [29-December-06 9:36AM]
318 posts

When setting up a small business bank account, one of the key considerations is the costs / charges that are applied to the account.

Most of the big banks give you free banking for a limited time period, e.g. the likes of Barclays, however this runs out after 18 months and you then choose between modest interest and full charges or charges for non-automated transactions and no interest.

However many banks now offer free business banking for longer terms, or even for ever. For instance big banks like RBS, Abbey, Alliance and Leicester.

What are your experiences of the different banks when it comes to small business accounts?

Chris

Re : Small Business Bank Account Costs Tim Briggs [30-December-06 12:48AM] 466 posts
Go with a free business banking account every time - can't imagine those who charge for it offer a better service! Tim