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Replies

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  Lisa Valentine November 27, 2010 at 2:11pm

  I've always had a business bank account to keep everything separate and if you have to show the accountants your bank records then it's easier to show up business transactions.
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  Roy Parker November 27, 2010 at 2:14pm

  this is a separate account that i use for my self employed work keep personal separate
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  Sarah Russell November 27, 2010 at 2:51pm

  I have always used my personal Natwest account to cash in my cheques etc, never been told I can't use it, and as my turnover is pretty small it doesn't cause me any accounting problems.
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  Stephen Brown November 27, 2010 at 3:20pm

  Join the Federation of Small Businesses and as a member you get free business banking with the Co-operative. You can nominate your local Post Office for paying in money and for drawing cash out. There are lots of other free benefits of joining FSB incl insurance, legal advice etc. www.fsb.org.uk
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  Greenlawns November 27, 2010 at 3:29pm

  Always had a business account. Have moved it around a few times over the years to get free banking, usually 12- 18 months, Business accounts are fine as long as you dont go overdrawn without an arrangement. Although whatever they charge you is able to be claimed back as a legitimate expense.
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  Matt Brown November 27, 2010 at 3:30pm

  i am with natwest as they have branches near where my customers are with very easy parking, and they have paying in envelopes so i just cram money and cheques in fill the form in on the back and put it through a letter box in branch so no queues.
  
  i was with barclays but they started closing my local branch on a saturday so i went in branch withdrew my money from personal, my business and my savings and told them why and i sent a letter to head office and got an automated reply.
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  Andrew W November 27, 2010 at 3:57pm

  I have been checking banks recvently for business accounts. santander offers free banking. but there are some limits
  also laicester & alliance used to do it but apperentaly they switched their services to santander...
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  Paul @ Ashgate Garden Care November 27, 2010 at 4:18pm

  HSBC for me. Cheques and cash processed straight away and the folks at my local branch are great.
  
  My only niggle is the dedicated business cashier is always serving a non business customer when I go to pay anything in.
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  Lawncare-4u.co.uk November 27, 2010 at 5:12pm

  yes you can put them in your name as a sole trader - its legal. i have done it for yrs on and off.
  
  i have a bs account again now with lloyds /tsb. free banking for 12mths or more?
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  Lawncare-4u.co.uk November 27, 2010 at 5:15pm

  ive never seen the benefits for £300 !! talked and refused it at least 3 times........
  
  Stephen Brown said:

  Join the Federation of Small Businesses and as a member you get free business banking with the Co-operative. You can nominate your local Post Office for paying in money and for drawing cash out. There are lots of other free benefits of joining FSB incl insurance, legal advice etc. www.fsb.org.uk