business bank account help?

[simpson7647]

hi all, im looking to become a sole trader and in need of a business account to keep my business and personal expenses seperate.

Ill be purchasing my stock electronically via paypal from the usa so below is what i am hoping to find:

Low depositing cash fee ( as natwest is 96p per 100£)

Low electonic sending fee ( due to purchasing stock from stock electonically)

Low receiving fee ( due to recieving most payments through paypal etc )

I thought natwest was the bank account to go for but now have doubts and thinking there could be better suited out there for me as im only going to be a small business when starting off.

thanks

ryan

[elainec100@cheapaccounting]

There are many posts on here about business bank accounts - try a search and you will find them

[simpson7647]

Thanks for the reply and i know there are many, i have read alot of them but after specific features as stated.
thanks

[simpson7647]

main reason i ask this is because i cant find the required information on the features side of things.

under payments into your account- it states 'automated credits; and then next to it, it says 'these are automated payments paid into your account by standing order and other automated methods'

After talking to one of those online advisors at natwest, he stated that if i was to have credit paid into my Paypal account which is then sent to my natweest business account then it would be classed as automated as it is done online.

is this true just to make sure as its not exactly automated, is it?

thanks

[Williams lester]

After talking to one of those online advisors at natwest, he stated that if i was to have credit paid into my Paypal account which is then sent to my natweest business account then it would be classed as automated as it is done online.

is this true just to make sure as its not exactly automated, is it?

thanks

It is automated as far as NatWest are concerned (or any other bank, for that matter) as it requires no manual intervention on their part.

[simpson7647]

THANK YOU very much for that piece of information.

Much appreciated