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Iain jones

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Iain jones

I was wondering do you have your business account at the sa. E bank as your personal account?

 

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P4dstar

You're normally good to start with a personal account. You can get 12-18 months free with a business account. it seems more professional being able to accept cheques in the business name etc but other than that the only benefit is your window cleaning money is kept separate.

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Dane

I set up a personal and a business when I got my life together at the ripe old age of 22 [emoji23]... I got rid of the business account for another personal after the 2 year free banking ended and I’ve survived


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P4dstar
13 hours ago, Dane said:

I set up a personal and a business when I got my life together at the ripe old age of 22 emoji23.png... I got rid of the business account for another personal after the 2 year free banking ended and I’ve survived
 

I started the other way round. I was only prompted to open a business account when a customer questioned why I couldn't cash a cheque in the business name, asked if I was a tax dodger. Problem is after the free period they charge £1.50 to cash a cheque anyway. I know you shouldn't, and i'm not saying I do this but.... If someone wants to pay you in a cheque they can just put it in your personal name and then cash it in your personal account even if you have a business one. This of course wouldn't solve my issue of not being able to cash a cheque in the business name.

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Dane

Yeah I found the same issues mate. I just stopped accepting cheques


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scottish cleaning service
2 hours ago, P4dstar said:

I started the other way round. I was only prompted to open a business account when a customer questioned why I couldn't cash a cheque in the business name, asked if I was a tax dodger. Problem is after the free period they charge £1.50 to cash a cheque anyway. I know you shouldn't, and i'm not saying I do this but.... If someone wants to pay you in a cheque they can just put it in your personal name and then cash it in your personal account even if you have a business one. This of course wouldn't solve my issue of not being able to cash a cheque in the business name.

 

I think I will put everything through my personal account and then transfer money into my business account if it doesn't cost me anything. Bacs is still free I believe but for how long?

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Dane

I don’t begrudge paying anything, just prefer to pay as little as possible and for the few cheques I was getting and the hassle of getting into town to cash them and then be charged for that service it was hardly worth it. I mean I’d literally maybe get £40 in cheques a month and they were maybe every other week so it was just easier to push for BACS and later GC


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scottish cleaning service
20 minutes ago, Dane said:

I don’t begrudge paying anything, just prefer to pay as little as possible and for the few cheques I was getting and the hassle of getting into town to cash them and then be charged for that service it was hardly worth it. I mean I’d literally maybe get £40 in cheques a month and they were maybe every other week so it was just easier to push for BACS and later GC


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I was talking to the bank teller and she said cheques are slowly getting phased out. It took half an hour processing my cheque because they were trialing a new system that clears in a day but half an hour to process. :1f602:

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scottish cleaning service

Aye, Everyone I know that's with the BOS don't seem to have any bother with them. They are closing my local BOS so we have to go into the centre of town but it is next to my Nationwide bank. I might change to them when my business banking comes up for renewal in May.

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Cookie

I pay my cheques in at the Post Office at the end of each month. Takes, seconds - assuming there's not a queue.

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P4dstar
3 hours ago, Cookie said:

I pay my cheques in at the Post Office at the end of each month. Takes, seconds - assuming there's not a queue.

My wife runs an eBay business so she's in the post office every day. Problem is they lost a cheque. It was only £12 but still. Check the receipt they give you and it only confirms you paid in a cheque, doesn't confirm an amount or any details. If a cheque goes missing you're in the awkward position of asking the customer for a replacement. Now they've closed the local branch of my bank I won't be taking cheques either.

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windowgleamtrowbridge

I use Starling. You have to set up a personal account. But then you can create a business account after. You can pay in cash at the post office, but best of all everything is in real time. A customer pays you? Pings up on your phone. You make a payment? Pings up straight away on your phone.
The big banks are lagging behind for instant banking... you can use Direct Debits etc too just like an account that actually has branches, it is a bank itself. All fee free apart from Cash deposits which are £3 flat rate.


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scottish cleaning service

Quite fancy that Post Office thing because they are near me. Problem with banks now, they are hardly any in a town and you cant park near them. Thanks @windowgleamtrowbridge I will look into it this week.

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windowgleamtrowbridge

No problem. Takes five minutes to get an account. Literally.
Then the same for a business account. You could be up and running by 12.30! [emoji23] with sort code and account number in hand ready for payments!


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scottish cleaning service

With all the banks closing down their small units means an opportunity for the Post Office. There is always a PO near where you stay means easy access which everyone needs. :1f44d:

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ks789

Look, im starting up a non profit bank, just send all your money/cheques etc to me, it will be sound honest. :1f911:

right, im off now, catcha all laters.

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scottish cleaning service

I will be going to the PO today to see about this Starling Banking thing because its right up my street, well round the corner to be precise. Weather horrendous up here today.

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windowgleamtrowbridge

It's not a post office bank. Just visit www.starlingbank.com
Five mins and you'll be up and running. The post office just allows you to put money into the account! Otherwise everything else is straight through the app!

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Part Timer

You can post your cheques in the Post Office via an envelope the major banks supply. All you have to do is get one from the PO with your banks name on it put your cheques in with a paying in slip and put your account details on the front and they process it for you and give you a receipt. It takes a day or two longer to hit your account but saves loads of hassle.

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Iron Giant
On 18/12/2018 at 17:02, Part Timer said:

You can post your cheques in the Post Office via an envelope the major banks supply. All you have to do is get one from the PO with your banks name on it put your cheques in with a paying in slip and put your account details on the front and they process it for you and give you a receipt. It takes a day or two longer to hit your account but saves loads of hassle.


You need to get with the times 😊 Lloyds business banking app take a photo of the cheque and deposit it via the app and it clears in within 2-3 business days 

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Part Timer
9 minutes ago, Iron Giant said:


You need to get with the times 😊 Lloyds business banking app take a photo of the cheque and deposit it via the app and it clears in within 2-3 business days 

I get about 6 cheques a year, doubt I'll be changing banks because of that, and the Wife works in a shop that has a PO counter 😃

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Pjj
30 minutes ago, Iron Giant said:


You need to get with the times 😊 Lloyds business banking app take a photo of the cheque and deposit it via the app and it clears in within 2-3 business days 

 

 

 

I pay in a couple of hundred cheques a month the bank love me when I walk in 😂😂😂 they advised me not to use the app thing as I pay in so many it would probably crash there system 😬😬😬

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