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Peter L Peter L is offline
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Join Date: Aug 2004
Posts: 7
Which Bank?

I'm setting up as a sole trader, I'm not looking to get any loans form the bank but I would be setting up a separate account for the business. Does anyone know which bank would be best to use and if I should get an particular type of account, any advise would be much appreciated

Peter
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bone's Avatar bone bone is offline
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I use Natwest and havent had any problems so far + its free for two years as I already have a personal account with them
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BEN's Avatar BEN BEN is offline
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Abbey Nat gets my vote, free banking for life if you stay within certain parameters, good customer service too!

Do a search & you will find its been covered a few times before.

Welcome BTW!
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CharleneUK's Avatar CharleneUK CharleneUK is offline
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I'd recommend Smile.co.uk

Just set up a current account and use it for the business, i'd be doing this too if they didn't turn me down! Charming huh?

They have good interest rates for a current account and have won awards 3 years in a row for their services!

Good luck.
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Eagle's Avatar Eagle Eagle is offline
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Nat West all the way here...
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blackpepper's Avatar blackpepper blackpepper is offline
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Abby National is a winner with free banking.
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CharleneUK's Avatar CharleneUK CharleneUK is offline
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But I don't think Abbey give debit cards out though do they? This would be a problem for me in particular.

I applied to Natwest too, I have not heard back from them yet.

x
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Rassic Rassic is offline
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To all Abbey National Business customers,

How did you sign up for your account online or at a local branch?
Also, did anybody transfer there from another bank?

Rassic
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BEN's Avatar BEN BEN is offline
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Quote:
Originally posted by CharleneUK
But I don't think Abbey give debit cards out though do they? This would be a problem for me in particular.

I applied to Natwest too, I have not heard back from them yet.

x
Well I have a debit card :-) Its a visa debit, they give electron for personal accounts if this is what you were thinking of?

Rassic.....registered on-line & via phone.....didnt even go into my branch.

Ben.
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Peter L Peter L is offline
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thanks

thanks for the advise, I'll have a look into them

Pete
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CharleneUK's Avatar CharleneUK CharleneUK is offline
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Wow, I had no idea, I was looking at a file comparsion chart, and it showed that abbey didn't provide a debit card (visa debit as you mentioned)

Maybe I should have another go then!
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blackpepper's Avatar blackpepper blackpepper is offline
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We signed up at a local branch, it was easy and quick. I think we have debit cards. I'd go with Abby.
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aarpol aarpol is offline
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Charlene,

I'm also with Abbey and before signing up, I queried the debit card situation because most of my payments are done online.

I was told that the default is an Electron card. It will work but not in too many places! For online supplier payments, at least for me, it would have been useless.

If your credit record (personal and business) is above the threshold, Abbey will give you a Visa debit instead automatically.

Unfortunately, they can't tell you which you'll get until the account is already open!

If your credit record is fine, then go for it and you'll get the Visa.
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