Business banking

[Frog-Dude]

I am looking at opening a business account at the co-op.
With the FSB.

On the document it ask's these to be included:
For recently established limited companies, please also provide a certified copy of FORM IN01. Or Certified copies of all AP01 and TM01 FORMS lodged with the companies house.
I got my accountant to set-up the business online, so how would i get these forms ?

Next one says, Please provide a statement of how your shares are issued, and confirming who the shareholders are and the number of shares held. If shares are held by another company, it would assist us if you could provide us with a background information regarding the corporate structure.

Right, I am the sole owner/ share holder so any ideas what to write for this (any one got like a dummy copy ?).

Thank you.

 

[Frog-Dude]

Anyone know anything about this?

 

[Business News]

If you have a large payroll to run forget the COOP/FSB account, it doesn't let you run multiple BACS online. It's a real faff entering anything as you have to use the security fob which entails entering your pass code, then it'll give you another pass code back and that needs to be entered online and a new one generated for each and every transaction or set up. Its plain tedious.

 

[sabus]

Ive just opened a new bank account with HSBC cant fault the service so far. Even better seeing as I dont need face to face banking its free for life for under £500k turnover.

 

[talkinpeace]

once payees are set up on the coop (using the stupid fob thing) you do not need it again to set up payments
it takes me about one minute to do each one in batches of 20

but I DO hate the fact that you cannot get good reports of forward balances and scheduled payments

 

[Sparx]

Ive just opened a new bank account with HSBC cant fault the service so far. Even better seeing as I dont need face to face banking its free for life for under £500k turnover.

Free for life? Are you sure? The website says it is free for 18 months for businesses with <£500k turnover. :|

EDIT: Nevermind! I found this little extract from the website.. They should really market this more rather than keep it hidden on the benefits page in the detailed area!!

"After the initial 18 months you will continue to receive free business banking within transaction limits if your turnover is below £500,000."
Source: http://www.business.hsbc.co.uk/1/2/...ank-accounts/business-direct-account/benefits

 

[weevil68]

I formed an ltd online a little while ago,all the documents I needed were downloadable - share certificate-articles of association-memorandum of association-certificate of incorporation.

I just saved these and printed copies.These will probably be all the bank require and your accountant should have the copies.
If not you can get copies from Company House,I believe.

Good luck

 

[Business News]

The HSBC online banking is the most versatile so is a much better option than the COOP if its free.

 

[Frog-Dude]

I formed an ltd online a little while ago,all the documents I needed were downloadable - share certificate-articles of association-memorandum of association-certificate of incorporation.

I got the last three um wonder why they didn't give me the share cert I will ask.

I would have Llyods again had the business bank when self employed. Closed it to get ltd one and applied online and they never get back.

Looking of getting some lending too which bank will be best for this? Only like 5k. Thinking maybe a overdraft or loan.

 

[ashleyconnor]

If you have a large payroll to run forget the COOP/FSB account, it doesn't let you run multiple BACS online. It's a real faff entering anything as you have to use the security fob which entails entering your pass code, then it'll give you another pass code back and that needs to be entered online and a new one generated for each and every transaction or set up. Its plain tedious.

Who do you recommend instead? I'm looking for the facilities you mention.

 

[Frog-Dude]

Anymore options people?