Best business bank account

[DaveP]

OK like many others I have recently set up my Ltd company and moved away from umbrella service.

My next step & final I think is to set up a business bank account.

So i am looking for recommendations for a business account that offers

Internet banking

high street branch

minimal paperwork

please let me know what you think.

Dave

[srennocks]

see the 'new bank account opening' thread.

Lots of contractors with Cater Allen (myself included - good interest rate, excellent service - just shame they still haven't got online access sorted). Alliance & Leicester are v.popular also. I'd advise just going with one of the high street big boys - you'll end up with crap interest rate, and after an initial free banking period will start getting charged....much much better deals are out there.

[Waldorf]

I would second Cater Allen, they have free banking and quite good interest rates and I believe that internet banking is due in May, although their telephone banking system works very well.

I believe you can use branches of the Royal Bank of Scotland although I cannot see what you need branch access for?

[malandri]

I am with HSBC. Very good internet and telephone banking. I was about to switch to Alliance & Leicester last month as HSBC's bank account offers 2.52% interest rate but HSBC has just launced a business deposit account of 4.58% and that kept me with them

I am currently on an 18 month free banking deal. I might have to reconsider when this is over, but so far, it has worked very good for me

I was with Cater Allen for 5 months when I started, their telephone banking was indeed very good. I didn't like two things though, 1. No Internet banking 2. No interest on the first £5000 in the account, so banking with them is not really free, is it?

Good luck with your research