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I'm in the process of buying a small business and will need a business account in one of the local banks. Options are Nat west, Barclays, TSB,HSBC and Santander. They're the only ones in my local town so needs to be one of them really. Much of a muchness or any really good? (Or bad?)
HSBC are good. Santander if you need to use a counter can be a pain as not all branches do business accounts. Barclays expensive and NatWest useless. Lloyd's need to sort out their internet banking and managers are useless.
Depends very much on the local staff. I use both RBS (in Scotland) and Natwest (in Kendal) and both have been fine.
Is it actual TSB, or Lloyds? If it's the latter, get them to ****. hard enough to deal with the business banking teams as staff, never mind as a punter.
I'm with Natwest, no complaints. Can't speak for the rest
Natwest been great for us too.
Depends if you need a counter service or not - I don't and find HSBC great
Barclays expensive? Hardly costs me a penny, although I have no experience of debt fortunately.
I find them very good for all online stuff.
Is it an "ethical" business? My business account is with [url= https://www.triodos.co.uk/en/business/ethical-current-accounts/social-venture-account/about/ ]Triodos Bank[/url] but they don't have any walk-in branches which may not suit everyone.
Barclays expensive? Hardly costs me a penny, although I have no experience of debt fortunately.
Nor do my clients with balances well into the £000 if not £millions but Barclays charges are amongst the highest I come across from all the banks. You are using a business account?
HSBC are good
i left them because they charged me to get cash out from an ATM (that and having 60k of my money to lend to employed people for 95% mortgages but me being self employed with impeccable credit rating refusing to give me a mortgage with low LTV/income multiple)
Santander dont charge for cash withdrawals, they also gave me a mortgage, so now do all my banking through them.
You are using a business account?
yes
As GeoffJ says, depends very much on local branch staff. That goes for setting accounts up, not just counter service/etc.
For me, RBS were a lethargic trombone-soundtracked nightmare, but HSBC were really good and efficient. A friend in a different city had exactly the opposite experience with both.
Santander will do longer hours than the rest but won't be able to give you change . Whichever one you go with they will close it in my experience.