best bank for start-up account?
- August 4, 2016 at 4:41 pm #159056
So I need to open a bank account for my start up. Who do you all recommend? Specifically with regard to
a. Time it took to open account and
b. Customer Service/ i.e. not being on hold for 10 minutes every time you call!
I have personal accounts with citibank and HSBC and reckon I might use HSBC as in fairness they are ok on personal side.. a mate complained barclays were a bit bureaucratic.. not sure who else is good or bad.
My start up will be in development for at least 6-12 months so no revenues expected soon.
August 4, 2016 at 5:34 pm #159062
- This topic was modified 1 year, 1 month ago by Barnsbury Road.
You will probably get as many complaints as compliments about every bank but HSBC would be the obvious one to go for if they know you already
Ian Johnston - Factoring Solutions --- Independent Factoring Broker for growing SMEs --- Discover my free factoring negotiation service that tailors solutions and protects your UK business. --- Call me today on 01827 707 680September 22, 2016 at 11:38 am #161169September 22, 2016 at 1:28 pm #161180
Sorry Boris but that isn’t my area of expertise
Ian Johnston - Factoring Solutions --- Independent Factoring Broker for growing SMEs --- Discover my free factoring negotiation service that tailors solutions and protects your UK business. --- Call me today on 01827 707 680November 11, 2016 at 2:48 pm #163168
I would like to hear more on this too.
Best i could see was Yorkshire/Clydesdale but think they are uncertain longer term (being bought out, buying someone else – which their ceo has admitted one or the other will happen) and less coverage then the big 5. RBS was showing 2 years free initially (natwest was showing 18 months) although a few years ago i attempted to open a business account with them and 2 months on and they were no closer to even attempt opening so put me off. From reviews i read nothing seems to have changed.
Lloyds seems to have the most simple fee structure
TSB, Barclays and HSBC have fee bands.
Santander look to be the only one which pay interest.
Would like to know what everyone thinks of the service of each and how long it took to open.July 31, 2017 at 6:49 pm #173367
We have just started banking with Tide after a client recommended them to us.
Early days but been very impressed so far.
Jonathan Black - Traffic Truffle Find out which businesses have been on your website. Sign up for free at www.traffictruffle.comSeptember 11, 2017 at 10:48 am #174689
I use Halifax and quite satisfied with them.
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