Which business bank account is the best?

[con]

I have recently set up a limited company in the UK as I'm launching my own e-commerce business in the near future. I was wondering if you guys could give me some advice on which company I should open a business bank account with. When the business starts trading, I'm hoping to be selling/shipping approximately 100 units of product per week throughout Europe, but mainly in the UK. Therefore, there will be various small transactions running through the account each week.

On this basis, can anyone suggest which bank I should go with or which ones I should definitely not go with?

Thanks!

 

[kulture]

The problem is that we tend to have set up our bank accounts years ago and are all mainly satisfied. What you are perhaps looking for is one that is easy to set up in light of the money laundering regulations. It is difficult to advise as our banks might be over strict on n their interpretation, or may not have suitable online tools to aid or may require you physically entering a branch.

Also you don’t say what you are selling and this may have a bearing. Further the likely average order value and whether it is cash, PayPal, or some other source of money.

I suspect that you may get more information using Google unless you have specific difficulty for example you want to sell medicines or legal drugs and herbs. We may be able to point you towards banks that allow such transactions.