business-banking

  1. Alastair1979

    Rejected Swift payment

    I had a USD Swift payment from a client into my bank account rejected by my bank in mid February and returned to sender. Details are as follows. Sender bank: Lloyds UK Receiving bank: HSBC UK Currency:USD Intermediary bank: likely JP Morgan A Swift recall was sent by the sender bank (Lloyds)...
  2. Paul Kelly ICHYB

    Paypal US$ Transactions - Exchange Rates

    Just an (obvious) heads up. I have just purchased something for $99 via Paypal. I chose to pay by card, rather than my PP account and when completing the transaction, I was offered the option to pay $99 or £77.91. I chose the $99 and used my Starling card - that was £74.73. Whilst it is...
  3. nexusinfo

    Business Bank Account Options in 2025

    Hi all. I'm a sole trader using a personal bank account looking to go LTD. Initially my plan is to continue doing my own bookwork and then engage an accountant in 6 months or so. It's a very basic online business selling digital solutions B2B. I'm looking to go LTD because my customers/clients...
  4. Ajmal Majeed

    I am struggling to open a business bank account for my start-up. Got rejected by 3 banks.

    Hello UKBF community, I’m new to the UK, having recently relocated from the Middle East after getting married. Back in the Middle East, I successfully ran my own business, and since moving to London, I’ve registered a new company with Companies House. However, I’ve been struggling to open a...
  5. The Importance of Simplifying Financial Processes for Growing SMEs

    The Importance of Simplifying Financial Processes for Growing SMEs

    Without a doubt, the last few years have been economically unsettling for many SMEs. However, there have also been some business success stories, which means that businesses of all sizes will be looking to scale and grow over the coming year. Whatever the size of the business, there are several...
  6. J

    Green business bank account

    I'm looking for a green/ethical business account for my business. I'm trying to reduce my business' carbon footprint. Does anyone have any recommendations?
  7. Daybooks

    Business bank recommendation.

    Anyone able to recommend, based on their actual usage not belief, of a bank that provides internet banking with all of the following?: Import of payment files in GBP Import of payment files in non sterling Scheduling of future dated payments in GBP Scheduling of future dated payments in non...
  8. A

    Working With A Bookkeeper

    Considering the option of outsourcing the bookkeeping . The one thing I cant 'get my head around' is a safe way of working as regards paying our suppliers. If the bookkeeper is just going to give me a monthly list of confirmed payments to make, then this still requires the business to have some...
  9. A guide to bank fraud protection for small business owners

    A guide to bank fraud protection for small business owners

    I was sad to see a piece from a small business owner who had been a victim of fraud published in The Guardian today, resulting in their Revolut business account being emptied and losing all the money they had. What stood out to me was that the advice published in The Guardian was for business...
  10. M

    Wonder if anyone can help

    Ive started a raffle business registred as a LTD company but everytime im trying to open a business account it gets denied due to the industry type being prohibited, ive tried places like tide anna etc and eventually i opened one with revolut but they denied me after a while too, can anyone give...
  11. steps to grow

    Business Banking Wishes

    Hello To all the freelancers/contractors/small businesses out there, im writing up some content on business banking (accounts) and wondered that: Having had the experience of using business accounts, If freelancers/contractors/small businesses went looking for a business bank account what top...
  12. F

    Revolut as a main business account

    Hi, I was wondering, I've just started my limited company and since I deal a lot with multi currencies I'm considering Revolut business account. My question is, since Revolut is not an actual bank, can it be my company's only bank account, or do I need to also open a high street bank account...
  13. DanMitchell

    Employment. Background check.

    I've been facing ongoing employment rejections, and the issue persists. I went to the extent of reaching out to my public defender to address this problem, and she assured me that it shouldn't be an issue. To clarify, I've never been to trial, and I haven't been convicted of any crime. Here's...
  14. K

    Can an adult open a business bank in their name for a minor?

    Hi. I am 15 and I’ve been running an e-commerce/dropshipping business alongside a reselling business, but been paying all finances into my own personal bank. Recently Halifax have caught on, and closed my account due to it being a personal account having business expenses paid in. I have no...
  15. How can a 16-year-old get a business bank account?

    How can a 16-year-old get a business bank account?

    So, you’re a young entrepreneur with a solid business plan. Your idea has piqued the interest of your peers and sights are set on seeing your startup soar. But, you want to open a business bank account. As research may have led you to believe, it’s difficult to find out which banks, if any...
  16. R

    Head up! scam on digital banks

    If you are looking to open a business bank account. I STRONGLY SUGGEST YOU RUN AWAY FROM WISE TRANSFER. We opened a Wise Transfer business account for cheaper cost. The account was working fine at the first month. One day, we received £85k pay in from HMRC repayment, we spent £50k at the...
  17. burak

    I can't receive money from Barclays bank

    Hello, I'm new here. I started a digital media marketing company a month ago and I serve clients living in the UK. I have a website that shows the services I provide. Today I noticed that the money sent by my customers using Barclays is not reaching my company account. I guess the bank can't...
  18. M

    International payment account

    Hi I am just starting up and after some advice if possible! I initially did not think I needed to make international payments but have now realised I will. Therefore I am starting to look at my current business banks fees etc for international payments. I decided to look around and came across...
  19. How to choose a financial service for a business: a 10-step checklist

    How to choose a financial service for a business: a 10-step checklist

    Fintech companies have been around for some time, but many people still don’t understand what they are and what they do. Financial services, often viewed as challengers to traditional banks, are platforms that offer online services that streamline the process. These financial services usually...
  20. Do I need a business bank account as a limited company?

    Do I need a business bank account as a limited company?

    If you’ve set up a limited company, you don’t need to open a business bank account by law, contrary to popular belief. However, it does make a lot of sense and it’s important that you’re not using your personal bank account. There’s no legal requirement for a limited company to have a business...
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