Barclays business banking... these £5.50 monthly charges ... and PCG

**northernladuk** · 24 October 2011, 16:41

Originally posted by ChimpMaster View Post

Chaps and Chappette(s)

Yes it's only £5.50 a month, or £66 a year, but these 'account fees' that Barclays charge me are bloody annoying. Why? Because I have a considerable sum sitting in their Business saver account (or whatever it's called) earning piddly all interest and no doubt they are leveraging this to the hilt to earn them money.

I understand that the PCG have 'preferential' terms for contractors using Barclays. Has anyone had experience of this and is it better than the usual 'free automated transactions' banking? (free except for the monthly fee).

Alternatively I'll just move to another business account provider. Yes it is a bit of hassle but I just find it so frustrating that Barclays are such c**ks.

Oi, that is my client. Go abuse your own client...

Actually... your £66 is going towards paying my rate so stick with Barclays IMO.....

**SueEllen** · 24 October 2011, 18:15

Originally posted by ChimpMaster View Post

Alternatively I'll just move to another business account provider. Yes it is a bit of hassle but I just find it so frustrating that Barclays are such c**ks.

I refuse to pay for a personal or business bank account whilst in credit.

I don't need some gormless teenager/recent graduate trying to sell me something I don't want.

**Fred Bloggs** · 24 October 2011, 19:45

Some folks don't like Santander, but for a totally free, no frills business account I do not think you can better it.

**Old Greg** · 24 October 2011, 20:27

Cater Allen, an old favourite.

**craig1** · 24 October 2011, 21:31

I get my business banking through the Co-op, completely free through my FSB membership. Had absolutely no problems with them in the many years I've used them.

I see no reason to pay for business banking for the transactions I do. I'm not exactly a corner shop needing bags of change and lots of cash banking, it's all electronic stuff so it needs no human attention on their side.

**tractor** · 24 October 2011, 22:40

Barclays Business Banking and PCG preferential...

I went for this some years ago, the deal is only for one year then you are stuffed with charges once again. I was a bit miffed because I don't recall them saying it up front.

**ChimpMaster** · 25 October 2011, 06:46

Originally posted by tractor View Post

I went for this some years ago, the deal is only for one year then you are stuffed with charges once again. I was a bit miffed because I don't recall them saying it up front.

Thanks for confirming this, it's kind of what I expected, i.e. I didn't expect the PCG to pull enough weight to be able to pull off a good deal with Barclays. Thanks all for your posts too.

I'm going to open up a Santander account. I'll probably leave a little cash in Barclays in case the banks start collapsing, so at least I have wider insurance coverage then.

I don't expect there are any problems with having 2 bank accounts for one Ltd, but please do shout if there are!

**Wanderer** · 25 October 2011, 07:03

Originally posted by SueEllen View Post

I refuse to pay for a personal or business bank account whilst in credit.

Agreed. Why should we pay them to look after our money?

**Scrag Meister** · 25 October 2011, 07:40

Originally posted by Wanderer View Post

Agreed. Why should we pay them to look after our money?

Banks, who'd have them.

Have been considering moving for some time now, Lloyds also charge a £5 monthly fee, its the principal when I have a £40k balance with them.

Its just works so well having personal and business together, and don't want to move all my personal DDs as that always turns into a nightmare.

I could
1. Move bank accounts save £5 per month
2. Move accountants save £42 per month

I changed business insurance providers this year and saved £450.

What else could we save money on?

Barclays business banking... these £5.50 monthly charges ... and PCG