We are looking for a business bank account for the Urban Coffee Company. So I did a bit of Internet research on what’s out there. If your looking for a business loan from any bank you will need a business account with them first.
Here is an overview of my findings:
|
Bank |
Account Name |
Free Banking |
Additions |
|
HSBC |
Business Current Account |
18 months |
Free credit card for 12-months, Free google adds voucher worth £75 |
|
Co-Operative Bank |
Business DirectPlus |
18 months every month you can deposit up to 100 cheques and £4,000 cash and write up to 30 cheques all free of charge |
|
|
Natwest |
|
24 months |
|
|
Lloyds TSB |
Business Extra |
18 months |
|
They are all very similar in terms of charges in the first 18-24 months but it looks like the Co-Operative is probably the cheapest over the long term. Speaking to other people it sounds like HSBC or the Co-op get the most personal recommendations from other entrepreneurs.