ChrisPointon 0 Posted July 24, 2006 Report Share Posted July 24, 2006 Everybody knows the benefits of having seperate accounts for Business and Personal banking. But many are prevented from taking out a bank account in their business name because of prohibitive bank charges levied at everyday transactions such as cashing cheques and depositing cash. Previously, it was possible to migrate between various banks, each providing a limited number of months of free banking. Fortunately, some banks are starting to support small businesses and Abbey have now introduced their small business account which is FREE of bank charges for life*. For more information Visit the Abbey website * Free upto a maximum number of transactions per month, which is generous and more than enough for most small business requirements Link to post Share on other sites
YourBigEvent 0 Posted July 24, 2006 Report Share Posted July 24, 2006 I looked at this, but decided against it, because the nearest paying in machine is 30 miles away for me, and the £3000 limited is a little too close for comfort. Am in the process of opening a FSB Co-Op Bank account, free if you are a member of the FSB, as HSBC are charging me on average about £60 - £80 per month. .....but what do I know ? Your Big Event Office:01803 813540 Direct: 0797 0717 448 e.mail:info@yourbigevent.co.uk Link to post Share on other sites
Danno13 0 Posted July 24, 2006 Report Share Posted July 24, 2006 Alliance and Leicester also do a free banking service which has been pretty good before, apart from the internet banking which seems like it was designed by someone who's never had a bank account in their life! I decided not to go for abbey as i couldn't find anywhere that told me if there were charges for transfering to other banks and the "free transfers to your other abbey accounts" implied that there might be. Oh, and you can pay into your A&L account from any post office... Revolution Discos - Covering Midlands and the Cotswolds - 01386 898 113 - 07791 261 263 Link to post Share on other sites
YourBigEvent 0 Posted July 24, 2006 Report Share Posted July 24, 2006 But try taking money out at a PO(If Blair hasn't closed it down already) and you will have trouble I believe. .....but what do I know ? Your Big Event Office:01803 813540 Direct: 0797 0717 448 e.mail:info@yourbigevent.co.uk Link to post Share on other sites
Paul Smith 0 Posted July 24, 2006 Report Share Posted July 24, 2006 This looks good to me http://www.dj-forum.co.uk/html//emoticons/goodjob.gif The only thing that's put me off changing up to now is that I have loads of direct debits/standing orders which I will have to cancel and then re-do with a new account (plus my current bank will charge me for each one cancelled http://www.dj-forum.co.uk/html//emoticons/mad.gif ) However, long term I will benefit so I'll be looking into this http://www.dj-forum.co.uk/html//emoticons/beer.gif Link to post Share on other sites
YourBigEvent 0 Posted July 24, 2006 Report Share Posted July 24, 2006 QUOTE The only thing that's put me off changing up to now is that I have loads of direct debits/standing orders which I will have to cancel and then re-do with a new account (plus my current bank will charge me for each one cancelled ) The new bank will sort this out for you mate. .....but what do I know ? Your Big Event Office:01803 813540 Direct: 0797 0717 448 e.mail:info@yourbigevent.co.uk Link to post Share on other sites
Welsh Audio Man 21 0 Posted July 24, 2006 Report Share Posted July 24, 2006 QUOTE (Danno13 @ Jul 24 2006, 06:39 PM) I decided not to go for abbey as i couldn't find anywhere that told me if there were charges for transfering to other banks and the "free transfers to your other abbey accounts" implied that there might be. Chris, do you know whether there are charges when transferring payments to other banks? Link to post Share on other sites
YourBigEvent 0 Posted July 24, 2006 Report Share Posted July 24, 2006 Why don't you take a look at the website, or call them ? .....but what do I know ? Your Big Event Office:01803 813540 Direct: 0797 0717 448 e.mail:info@yourbigevent.co.uk Link to post Share on other sites
ChrisPointon 0 Posted July 24, 2006 Author Report Share Posted July 24, 2006 QUOTE (welshyDJ18 @ Jul 24 2006, 11:44 PM) QUOTE (Danno13 @ Jul 24 2006, 06:39 PM) I decided not to go for abbey as i couldn't find anywhere that told me if there were charges for transfering to other banks and the "free transfers to your other abbey accounts" implied that there might be. Chris, do you know whether there are charges when transferring payments to other banks? To be honest i'm just in the process of opening an account myself. There isn't any mention of BACS transfers between other accounts, so i'm not too sure. However the previous business account I had had no charges for issuing cheques but a charge for transfer to another account, so all I did to get around it, was to write a cheque and deposit it into the other account - the clearing time was about the same so other than the time to write the cheque there was nothing lost. Not ideal I know, but in a less than perfect world where we can't get everything we want............ http://www.dj-forum.co.uk/html//emoticons/tongue.gif Link to post Share on other sites
Welsh Audio Man 21 0 Posted July 24, 2006 Report Share Posted July 24, 2006 QUOTE (Chris_Pointon @ Jul 24 2006, 11:52 PM) QUOTE (welshyDJ18 @ Jul 24 2006, 11:44 PM) QUOTE (Danno13 @ Jul 24 2006, 06:39 PM) I decided not to go for abbey as i couldn't find anywhere that told me if there were charges for transfering to other banks and the "free transfers to your other abbey accounts" implied that there might be. Chris, do you know whether there are charges when transferring payments to other banks? To be honest i'm just in the process of opening an account myself. There isn't any mention of BACS transfers between other accounts, so i'm not too sure. However the previous business account I had had no charges for issuing cheques but a charge for transfer to another account, so all I did to get around it, was to write a cheque and deposit it into the other account - the clearing time was about the same so other than the time to write the cheque there was nothing lost. Not ideal I know, but in a less than perfect world where we can't get everything we want............ http://www.dj-forum.co.uk/html//emoticons/tongue.gif I think I may well open an Abbey account then... http://www.dj-forum.co.uk/html//emoticons/biggrin.gif Cheers Chris! http://www.dj-forum.co.uk/html//emoticons/thumbup.gif Link to post Share on other sites
brianmole 0 Posted July 25, 2006 Report Share Posted July 25, 2006 QUOTE £3,000 in cash deposited per month FREE forever That's fine for 11 months of the year, BUT in December.... Unless they mean £3K in actual cash rather than cheques/transfers etc...? No, it's gotta be actual cash. Looks good. http://www.dj-forum.co.uk/html//emoticons/cool.gif Link to post Share on other sites
YourBigEvent 0 Posted July 25, 2006 Report Share Posted July 25, 2006 Chris, If you want to transfer by BACS say £500 to my account, IF you get charged I will pay the BACS payment for you http://www.dj-forum.co.uk/html//emoticons/whistling.gif .....but what do I know ? Your Big Event Office:01803 813540 Direct: 0797 0717 448 e.mail:info@yourbigevent.co.uk Link to post Share on other sites
Eskie 0 Posted July 25, 2006 Report Share Posted July 25, 2006 QUOTE (welshyDJ18 @ Jul 24 2006, 11:44 PM) QUOTE (Danno13 @ Jul 24 2006, 06:39 PM) I decided not to go for abbey as i couldn't find anywhere that told me if there were charges for transfering to other banks and the "free transfers to your other abbey accounts" implied that there might be. Chris, do you know whether there are charges when transferring payments to other banks? I've got personal and business accounts with Abbey. So far I haven't received any charges from transferring funds to or from the business account. I haven't actually used the personal account so couldn't tell you. Anthony Winyard Entertainment www.awe-dj.co.uk, Entertaining London & the South-East! Click here to LIKE The Funky Penguin on Facebook. www.facebook.com/awe.dj Link to post Share on other sites
FDDJ 0 Posted July 25, 2006 Report Share Posted July 25, 2006 I have used the Abbey business banking without a hitch for nearly 4 years now. There are no charges for BACS payments (4 working days). Generally the service is good and certainly acceptable for a free service. A deposit limit of £3000 per month in cash (plus up to 100 cheques) is more than adequate for most as there is no limit on the value of cheques. You can also receive as much as you like via electronic transfer. "It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change." - Charles Darwin <a href="http://www.djassociates.org"><img src="http://www.djassociates.org/anims/compres_banner.gif" alt="Join the DJ Associates Disc Jockey Association" border="0" width="468" height="60"></a> Link to post Share on other sites
Danno13 0 Posted July 25, 2006 Report Share Posted July 25, 2006 QUOTE But try taking money out at a PO(If Blair hasn't closed it down already) and you will have trouble I believe. Why would you want to when you have a debit card you can use at any hole in the wall? Revolution Discos - Covering Midlands and the Cotswolds - 01386 898 113 - 07791 261 263 Link to post Share on other sites
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