Business Banking

Many moons ago, I opened a business account for the limited company I had at the time, and it all turned into an utter nightmare. The problems primarily spouted from the fact that my personal current account suddenly came under the control and “management” of the business banking people, which led to huge screwups all round. I finally closed that account back in ’05 after roughly two years of absolute hell.

Anyway, with that experience in mind, I’ve so far avoided getting a bank account for my wee business. But it’s coming to the point where I need to, so I’ve been doing some checking around, looking at fees, costs, and all that malarkey. It’s duller than shit, of course, but still stuff that needs doing.

Of course, based on my previous experience, I’m avoiding RBS like the plague because I still do my personal banking with them. So one of my primary requirements – if not essentials – for any business banking account is to make sure that the relevant bank doesn’t then insist that I have to have my personal banking with the same bank. Even if I had wanted to stay with RBS, that requirement would kill their chances.

I’m still looking around the various tosspots members of the banking community, but so far HSBC are looking like a good candidate. Now there’s a sentence I never thought I’d find myself saying.