View Full Version : need new business account whats best!!
paulh
29th April 2010, 06:28
need a new business account after the natwest closed mine after running up a huge overdraft, got a couple of ccj's and the co'op did not want to know what are my options, only need to put cheques in and out do not need an overdraft!!!
possibly only need a debit card!
MyAccountantOnline
29th April 2010, 09:20
need a new business account after the natwest closed mine after running up a huge overdraft, got a couple of ccj's and the co'op did not want to know what are my options, only need to put cheques in and out do not need an overdraft!!!
possibly only need a debit card!
Are you a soletrader or limited company?
As I suspect you realise you are probably going to struggle to get a bank account.
Batra Ventures UK Limited
29th April 2010, 09:50
If you are a sole trader, I suggest you take a look at banks that give you a PREPAID card and would take on bankrupt people.
I cant remeber the name, but I want to switch to that bank myself. They dont have any stupid amout of charges for a failed direct debit either.
paulh
29th April 2010, 16:02
sole trader going through the mill at the moment!
Greatime123
29th April 2010, 16:06
need a new business account after the natwest closed mine after running up a huge overdraft, got a couple of ccj's and the co'op did not want to know what are my options, only need to put cheques in and out do not need an overdraft!!!
possibly only need a debit card!
Santander
Natwest
Co-Operative
Lloydstsbbusiness
Spongebob
30th April 2010, 03:55
need a new business account after the natwest closed mine after running up a huge overdraft, got a couple of ccj's and the co'op did not want to know what are my options, only need to put cheques in and out do not need an overdraft!!!
possibly only need a debit card!
The Co-op are a bit sniffy when it comes to business accounts, but their Cashminder private account is open to anyone, including undischarged bankrupts. Nothing in the terms and conditions prevents you from using it in the course of your business.
You don't get a chequebook but you do get a Visa debit card and full online banking. I ran my business as a sole trader using this account for two years after my bankruptcy when no other bank would touch me. It was fine.
When I went limited last year however, the Co-op refused me a business account because of my previous bankruptcy. I applied to Barclays and they accepted me without a problem. I now have three business accounts with them.