Basic Business Accounts

[izzey]

Do they actually exist? I am having problems finding a bank that provides a basic business account and not just personal accounts.
I am operating a franchise but am still paying off debts and therefore do not a good credit rating, however I need an account just to deposit funds and be able to make payments via cheque or on-line transfer. I have found most banks unhelpful and found it impossible to get advice from anywhere else.
Any info would be apprecaited. Thanks

[wizard]

NatWest do a Step account. Its your basic Solo card although I don't believe that you have the facility to make payment by cheque as you don't get a cheque book.

[jennyp]

Try the below link - you will have to register on forums, (its free) but there is a list of bank accounts for people who have had their accounts closed because they have reclaimed charges.

http://www.consumeractiongroup.co.uk/forum/wel come-our-forum/35814-where-list-parachute-bank -new-post.html
If the link does not work, try
http://www.consumeractiongroup.co.uk
then scroll down to The Bank Action group against unlawful charges, scroll down to general, and look for Do you need a parachute account - it was posted by Barracad

[jennyp]

Sorry just read you said business accounts - probably link won't be any use to you.

[jennyp]

Have you thought of asking Federation of Small Businesses if they have any ideas.
http://www.fsb.org.uk/

[ferpo]

Hi Izzey,

I am in a simialr situation and am wondering if you have found a bank that will help before I begin to contact them all?

Any info would be msot appreciated

Thanks

[izzey]

Hi Ferpo

After advice I am trying Natwest it is best to apply on line under business day to day accounts, click on the apply and go through application - they have a section where it asks if you have any adverse credit. I have not heard yet as only applied last Friday but hopefully should get a debit card and cheque book.
Will let you know.

Izzey

[izzey]

Hi ferpo

Natwest cannot help, I am at my wits end as need an account as part of my franchise agreement. Have you got anywhere yet?

Izzey