Free business banking

[Tony]

If you are a new business or an existing business have you worked out how much you are spending on bank charges. You would struggle not to save with the Abbey National:

• Direct debits, standing orders and bill payments FREE forever
• Debit card payments FREE forever
• BACS credit FREE forever
• Transfers between linked Abbey accounts FREE forever
• 100 cheque deposits per month FREE forever
• 100 cash and cheque withdrawals per month FREE forever
• £3,000 in cash deposited per month FREE forever

[Paul Carcone]

Alliance and Leicester are also doing a very good business banking offer at the moment and that's worth checking out too.

However, remember to check all of the benefits that you may lose out on from your current provider if you move. Fidelity can often pay and if you go in to your own bank and discuss options with them, you may be able to get a good deal without the hassle of changing banks.

Paul Carcone

[red]

I will check them out as my bank are coming towards the end of the 'free' period i was initially given. I will be interested to see if they extend the free period or lose my business.

[Nicola]

Your level of success with them may actually come down to how much you have in he bank. If you tend to deposit quite a lot, then you're more likely to receive a good offer.

That said, many of these things are now automated and the flexibility may not be there.

Good luck with it!