Charges and services vary a great deal from bank to bank so it pays to do your homework and find out what suits you and your business.
In order to open a bank account, even a basic one, all banks and other financial institutions must go through a series of checks to try to minimise the effects of money laundering.
In a recent SmallBusiness.co.uk poll, 65 per cent of small business owners were shown to be dissatisfied with the service they were getting from their business bank, with answers ranging from ‘It’s pretty inadequate’ to ‘It’s terrible’. SmallBusiness.co.uk and banking consultancy Lochroe point to this list of key issues to consider when assessing your business bank.
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