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-   -   Bank Choices.. (https://www.aspkin.com/forums/subscriber-discussions/45759-bank-choices.html)

NoneOther 05-02-2012 04:49 AM

Need to play for the long term, there is always a need to have options.

If you burn all those options then ....................:tears:

rsot 05-02-2012 04:56 AM

Nice list of banks though for UK folx.

NoneOther 05-02-2012 04:59 AM

Indeed, but they are limited and if you factor in the recent takeovers and possible changes of procedures that may result from that then the UK could well have only a couple of viable banks.

rsot 05-02-2012 09:19 AM

Recent takeovers - interesting.

GreenBean 05-02-2012 09:25 AM

Quote:

Originally Posted by rsot (Post 337071)
Nice list of banks though for UK folx.

Not new.

Been plenty of info on the banks over the years.:canada:

Elijah 05-02-2012 09:33 AM

Quote:

Originally Posted by hdavey10 (Post 336919)
Thing that confuses me is, if I was to be running eBay as a REAL BUSINESS do I HAVE to have a business account or can you run it through personal accounts but just create invoices for everything?

Dont think they are linked but they have a relationship with them for payments like next working day etc.

In the future will say about the job thing

You are not legally required to open a business account if you are only a sole trader, so the only possible obstacle may be the banks and their own policies. If they try to force business accounts on you, tell them that you don't want them since you applied and got rejected recently, and do not want to hurt your credit record again. That is what I did.

Quote:

Originally Posted by hdavey10 (Post 336939)
There was another post I saw from Elijah who walked into Barclays and asked to open 5 basic accounts and he told the girl it was for eBay and wished him good luck. Im sure this isn't good practise.

That is what I did, but I see it as protecting myself anyway since I told them from the outset what I would be doing, so if they did not like it, they could have refused there and then; I do not have to worry about them contacting me one day and saying that they do not like what I use the accounts for.

NoneOther 05-02-2012 09:56 AM

I wouldn't bank on that (pun intended).

A bank can withdraw it's services and close accounts at any time they like.

Just like p/p really.

rsot 05-02-2012 10:38 AM

Very true - just got a bank closed me out after a business client caused me problems =(

biggunn 05-02-2012 11:47 AM

Quote:

Originally Posted by hdavey10 (Post 336892)
OK I just applied for an account from thinkBanking...had a call from a guy and I dont think I have ever spoke to anyone so rude in my life.. he was arguing me on the phone after me saying I wanted to use the account for eBay & PP he said we can't just have the account open for use with that.

He then wanted to start grilling me about why I want the account... what would you be saying apart from use with eBay / Paypal what do people think is the best answer?

In the end I asked for his name and told him I would be making a complaint about his manner.

Anyone know what to say when going into a bank and wanting to open an account, when they say what do you want it for is EBAY AND PAYPAL a good enough answer?

I always say that the multiple accounts are to keep my revenue sources separate. Specifically a combination of a few websites and some sales on craigslist and such. Any prying beyond that and I'm going to let the guy know that I'm not going to discuss my business model in any more detail than that.

Usually they are just salesman anyways..

crafty1 05-02-2012 06:06 PM

Those living in London could use Metro Bank, They are actually very good.

Thankful 05-02-2012 06:12 PM

Quote:

Originally Posted by crafty1 (Post 337296)
Those living in London could use Metro Bank, They are actually very good.

You say they are good? but have you actually tried them?

NoneOther 05-02-2012 06:28 PM

Their basic Cash Account allows electronic payments to the account but NOT from i.e. no DD allowed.

Curent Account just like every other banks really, full credit check required.

Accounts can only be opened in person at the branch with photo ID and address verification in hand.

stanislav 05-02-2012 10:18 PM

What about Canadian banks? I used TD canada Trust and so far no issues! Any other banks like PC Financial where you could open many accounts?

GreenBean 05-02-2012 10:29 PM

Quote:

Originally Posted by crafty1 (Post 337296)
Those living in London could use Metro Bank, They are actually very good.

More of a come on down bank than ideal for stealth.

It's a individual choice :D


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