which bank account

[AnonyMouse_55079]

Hi all, we are a committee run preschool and currently we have a business account with santander to do our banking, however this is becoming a problem as we can only have one signatory if we want full online access.

 

Can i ask what accounts/banks other settings use and their experience with them

 

Many Thanks

 

[AnonyMouse_1469]

Barclays.............other banks are available

.

[AnonyMouse_19802]

Have heard on the grapevine that HSBC and some RBS banks are closing accounts of holders who are offering the 30hrs!!,

And refusing extensions on cc and overdrafts!! Think they must see what we foresee.....

[FSFRebecca]

Have heard on the grapevine that HSBC and some RBS banks are closing accounts of holders who are offering the 30hrs!!,

And refusing extensions on cc and overdrafts!! Think they must see what we foresee.....

Really? Crikey. Where did you hear that?

[AnonyMouse_71883]

Co op . We have four signatories (two required to authorise online payments)

[AnonyMouse_19762]

Have heard on the grapevine that HSBC and some RBS banks are closing accounts of holders who are offering the 30hrs!!,

And refusing extensions on cc and overdrafts!! Think they must see what we foresee.....

Flippin' heck

[AnonyMouse_14268]

Have heard on the grapevine that HSBC and some RBS banks are closing accounts of holders who are offering the 30hrs!!,

And refusing extensions on cc and overdrafts!! Think they must see what we foresee.....

Wow!

[AnonyMouse_14268]

We use Santander business account. Two to sign checks and I have just got online do that I can at least see up to date statements.

[AnonyMouse_19802]

Really? Crikey. Where did you hear that?

Ahh quite a lot of nursery owners complaining so on the Facebook page CNLF!!

[AnonyMouse_6721]

I've used HSBC, Barclays and Nat West for community accounts. HSBC ok except for signature changes. Nat West rubbish for everything. Barclays ok, you can change signatures online.

 

Even if you are online banking you can still have two signatures on the paperwork. Just set a form to put with invoices for committee to sign. It makes accounting so much easier and I think more secure as all the transactions are listed.

 

Although it might be a case of seeing which banks still offer community accounts!

[AnonyMouse_51737]

We use the Unity which is good, we use post office to deposit cash and have all online set up. Can have numerous signatories and online authorisations but looking at others to compare fee's, how's people fees with other banks?

[AnonyMouse_30128]

we use Santander but have it set up so that the trustees are informed of payments ...so although they don't sign they can see what is going out (think there's an upper limit set too but would need to ask my administrator!!!)

[AnonyMouse_55007]

We use Natwest and have done for years and have not experienced any problems with them, we currently have 2 signatories that can sign cheques and it has always been quite an easy process to add or take someone on/off.

[AnonyMouse_54841]

We've just moved to co-op from Santander for exactly the same reason. We were fed up of faxing through payment requests all the time! Opening the new account took quite a while, but now it's happened, it's amazing at his much easier it is to do online transactions. One person sets up the payment online, then an approver logs in and authorises the payments. Much simpler. Would recommend.

[AnonyMouse_55778]

Also use Unity Trust - great bank.