BUSINESS BANK ACCOUNTS

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A business bank account is essential for most companies, regardless of their size. By separating private and business-related money into different accounts, you are able to manage your affairs more effectively. A business bank account functions for the most part just like a normal current account; yet before you automatically choose a business account from your existing bank, look around for offers. Pick an account that suits the size of your business – whether you are a small start-up or a larger venture.

Compare vital features to the business bank accounts below: what are the borrowing and transaction costs, what additional facilities can the bank offer you and your business? Once you have chosen a suitable account, simply click on the Apply button to go to the next simple step or for more information.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERACCOUNT

ACCOUNT

Account name

TYPE

TYPE

Account type

INTEREST AER

INTEREST AER

Interest Annual Equivalent Rate

INTEREST GROSS

INTEREST GROSS

Gross interest is the annual rate of interest which is paid without the deduction of lower rate tax to eligible individuals and certain organisations

PAID

PAID

How often interest is paid on account

ACCESS

ACCESS

How account can be accessed

O/D RATE

O/D RATE

Cost of Overdraft

BANKING CHARGES

BANKING CHARGES

Additional banking charges

SERVICES CHARGES

SERVICES CHARGES

Charges for extra services

FEATURES

FEATURES

Bank account features

MORE INFO

CardOneBanking Small Business Account
CardOneBanking Small Business Account

Small Business AccountBusiness Account0% AER0% AERNoneOnline, TelN/ASee website for details.£12.50Features

Features

Free Banking: No
Debit Card: Yes
Cheque Guarantee Card: No
Standing Orders: Yes
Direct Debit: Yes
Overdraft Facility: No
Account Manager: Yes

You can add up to 4 additional people to the account at any time for £5 per person.

CardOneBanking Small Business Account
Complete your application online in less than 10 minutes with no branch visits required. Most accounts opened within 3 hours. As a cardonebanking account holder, you'll get access to manage your account online and have a UK based account manager to assist you with your everyday banking. DETAIL INFORMATION >>Services

Services

Simple, easy, secure*** account access.
No credit checks.**
Pay your bills, invoices and wages. Be in control of your money.
No bounced† payment fees or overdraft fees.
Application Fee £55 (refundable if we can't approve you for any reason. Terms apply).
UK registered business only. Primary account holder must be at least 18 years of age. Business owner/ UK residents only.


Advantages

Advantages

1. No credit checks.
2. Pay in at Barclays branches and at the Post Office (for details on deposit restrictions, please see "How it works”).
3. 5 Day delivery of account details.
4. Pay bills using Faster Payments from your
5. Online, text and phone account access.
6. Free text alerts each time money is paid in and confirming bills are paid.
7. Administration access to enable/control of employee expenditure.
8. No bounced payment charges.


Disadvantages

Disadvantages

1. There is a £12.50 monthly charge

2. There is a set up fee of £55

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Business Bank Accounts

Stay in control of your company’s expenses with the right business account.

Why do you need a current account?

Current accounts are an essential part of our financial needs. They are mainly used for your everyday spending and transactions and are offered by a variety of banks across the UK.

What is a Business Account?

Business accounts allow you to keep your business transactions separate from your personal finances but they work much the same as standard current accounts.

Whatever the size or type of your business you should consider a business account especially because they make it easier to manage your corporate finances. To ensure you choose the right business account you should assess your company’s individual needs and then find the account that best suits your requirements.

Finding the right account for your Business

It pays to shop around and do your research because each bank will have different features, transaction charges, interest rates and added benefits. For example some banks offer free banking for a certain amount of time.

You should find an account that can offer the best interest rates and has a quality online banking service so that you can access your account instantly whenever you need to. Please note that you may be required to provide some documentation regarding your company in order to open a business account.

Use the table above to compare different accounts to find the right account for your business.

Are there any charges associated with business bank accounts?

Most business bank account providers will charge a monthly or annual fee for their business banking services. For this reason you should ensure that you are aware of what you will receive for these fees and that it is worth it. The fees are usually determined by the annual turnover of your company and size of your company. Other charges that might apply are cash withdrawal fees; BACs transfer fees and foreign transactions. Always read the terms and conditions so you are fully aware of all the fees and charges associated with the bank account. It is important that you add these up so you in a position to compare which account is best for you.

Are you happy with your current business bank account provider?

If you are in any doubt then you should seek independent financial advice. It is easy to switch business bank accounts these days so if you are not happy with your current provider you should research the various providers in the market.

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