@timwalker6343 Жыл бұрын
would love a 2023 update here, comparing paid business accounts as well. Appreciate all your videos 😃
@viveks2002 2 жыл бұрын
We should have a new version of this topic in 2022! Thanks Andy
@thriftylesley189 4 жыл бұрын
We're with Santander for our business. We started it long enough ago that it is fee free, and so far, fingers crossed, it's been alright
@BeCleverWithYourCash 4 жыл бұрын
That’s great they’ve not stated charging!!
@greencoolmoss 3 жыл бұрын
andy, thank you for the video but it would've been SO much more helpful to have timestamps to quickly go to the relevant parts the viewer needs. Business people are busy as you know :)
@TemiDansoArt 3 жыл бұрын
I appreciate this video a lot, thank you. Could you do a video for the best ‘business’ bank accounts for receiving international payments? I tried to use my Monzo but many companies don’t like that you’d have to go through a third party such as TransferWise, and so don’t support it
@tinotenda32 3 жыл бұрын
Try Remittly
@MaxiZee 3 жыл бұрын
very good information! appreciate it.
@johnathonhealey4406 3 жыл бұрын
Incredible, seamless content. Well done!
@BeCleverWithYourCash 3 жыл бұрын
Thanks!
@GenuinePhysio 2 жыл бұрын
Thanks very much! Really helpful!
@emilianbina6491 3 жыл бұрын
Hi there. I just found this video, very useful. Thanks. I wanna register an LTD and open an online business, so I'm looking for the best option as a business bank account. So far I would go for Starling after comparing with other providers. Are you aware of any other fees? Does they have good conversion for international payments? Other than Starling, I also noticed Tide or Cashplus. What do you recommend between those 3?
@AbellMorliss 3 жыл бұрын
I would use Anna possibly, but they're all much of a muchness, as they despise their customers, and support is mostly useless. Metro is vaguely ok as at least they still have a telephone!
@MrFloom 2 жыл бұрын
Tide won’t support some business models and I’m currently dealing with cash plus and they are absolute arse
@EuanCopeland 4 жыл бұрын
Nice Video Andy! Think I’ll stick with my current account for now until I open a Ltd company down the line 😊
@BeCleverWithYourCash 4 жыл бұрын
Yes no rush just yet!
@paulfridge5836 2 жыл бұрын
Great video , thank you
@ZeroRiskAppetite 2 жыл бұрын
Video starts at 3:30
@jondeanedits 3 жыл бұрын
Really helpful. Thank you! Subscribed
@BeCleverWithYourCash 3 жыл бұрын
Thanks for the sub!
@mariodelrio1076 3 жыл бұрын
what about Revolut? I have seen they have also a Bussiness section
@AbellMorliss 3 жыл бұрын
they are turds, vermin - check out Wikipedia - it's so appalling it's official
@TheOptimation Жыл бұрын
Hi Andy, I switched my business banking from Natwest to Starling. On the whole it has been a positive experience but I am glad I didn't close my Natwest account because Starling won't let me pay my supplier in India! What's that all about?
@alexmladenov3491 2 жыл бұрын
Nice video! Can we get an updated video with new information about which is the best business bank account for UK. I had very bad experience with Starling, been rejected a few times without explanation why, although I have excellent credit score. Recently I have opened new company and decided to bank with Starling but like I said they rejected me twice with no reason and no explanation why.
@beautifulplacetogetlost 9 ай бұрын
I've had this experience too and their customer service is laughable
@elenaceausescu7297 2 жыл бұрын
wow, very helpful in special for my kind of business which most of the time required me to deposit cash.
@BeCleverWithYourCash 2 жыл бұрын
Glad it helped!
@DAZRIDER-PARANORMAL 7 ай бұрын
What happens if have more then £85,000 is still protected by the government compensation scheme
@pandabossanna 4 жыл бұрын
I didn't even know free business accounts were a thing!
@BeCleverWithYourCash 4 жыл бұрын
I was surprised there were charges when I first started out!
@soumaiaelidrissi2371 2 жыл бұрын
What is the best bank for import Ltd that can give good currency rates?
@lucaspaivanannicini 3 жыл бұрын
Hi , are they good for Amazon business ?
@lushfabric 7 ай бұрын
Can you suggest the optimal business savings account?
@user-yv3qh1ft3t Жыл бұрын
Looking for 2023 version of it mate
@acumanabstractarts4482 3 жыл бұрын
This video was very helpful in my business
@BeCleverWithYourCash 3 жыл бұрын
Great, glad I could help!
@ivanstaykov1245 2 жыл бұрын
Hello Andy , I just opened business account with virgin money, is it worth to change it with Starling or Monzo? Is virgin money ok?Can I have your opinion pls? tia
@birmingham102 3 жыл бұрын
Hi Andy just a quick one pal I had a metro business account they’ve closed my account I’m looking to setup a new business account but finding it very difficult. Could you please advise
@michelle_sea_view 2 жыл бұрын
For multiple businesses I would think limited company and even for even one business..all goes in one account..some payment methods charge fees and to list PayPal is an option. Thank you for video
@giftfolique464 2 жыл бұрын
If I have a registered business in the UK, do I need to be physically present or be a resident in the UK before I can open a Sterling business account?
@TheBlackTank100 3 жыл бұрын
Hi if you are setting up a group business with 2+ people what would be the best bank account to go for?
@pauldaly704 2 жыл бұрын
Really appreciate you, what business bank account offers the highest interest on money on account?
@adriankingdon3055 2 жыл бұрын
Non of them pay you interest as far as I’m aware. They charge you for the privilege of you lending them money.
@TheMalcolms7 3 жыл бұрын
After the free period are you tied into a contract? For example 18 months, would you have to stay for a further 6 months to make it 24 months
@BeCleverWithYourCash 3 жыл бұрын
Hi Kenroy, no, you're not tied in so you can switch. I've done this in the past a few times to avoid the fees, but I've now settled with Starling which is free
@TheMalcolms7 3 жыл бұрын
@@BeCleverWithYourCash awesome. This was a great video 👌 as I'm thinking of starting a buy to let business and I need to register with a business account. Really helpful. Keep up the great content
@PhilipMarcYT Жыл бұрын
Just go with Chase. Enough said.
@tonysoprano9370 2 ай бұрын
You can’t make or receive international transactions with chase so if you have an on line buisness they are no good
@billyhowes364 2 жыл бұрын
I tried to set up a starling business account but they declined me which was odd. Accepted my current account but not business even though I have great credit etc. I am a small ltd business selling flowers and plants in the uk. Don’t make any international payments, what’s the next best account? High street banks any good?
@andrewwallace2535 2 жыл бұрын
The exact same happened to me! Very annoying, especially after having a current account with them for a whole year… if you learn how to get accepted, can you let me know please?
@gloriousrevolutionary2306 2 жыл бұрын
Is Starling still king as of 2022?
@TheRidwan786 3 жыл бұрын
what high street bank would you recommend for a business account with no fees as my business does not deal with cash and is all online
@BeCleverWithYourCash 3 жыл бұрын
You could do as I used to which was take advantage of the free 12 to 18 months as a new customer, then switching for another, and then again. But eventually you'll run out of those and either have to pay or try one of the digital banks. Check out the article with more details on all those accounts.
@zaypeaceIslamstories 3 жыл бұрын
How much is it ? Transfer and sending if any charge do come up ?
@AbellMorliss 3 жыл бұрын
there aren't any, all high street banks charge, except for their teaser intro deals
@gingerskydust6573 3 жыл бұрын
Coconut now is not free at all. Charges £6 to £12 depending on your plan. That's why I'm looking to switch.
@BeCleverWithYourCash 3 жыл бұрын
Thanks Ginger. I’ve been very happy with Starling
@christopherhubbard602 9 ай бұрын
What is virgin business accounts like
@DarylSkinner 2 жыл бұрын
If you’re a small business you can get away with using a spare current account you only use for business purposes
@BeCleverWithYourCash 2 жыл бұрын
Absolutely. As long as you're a sole trader
@andreacroci1982 2 жыл бұрын
I am not registered as Self employee yet, but I will have to by 04/10/21. Could I open a personal banking account on Barclays and just using it for my business? Also, I already have a Monzo, and I already paid £2100 between courses and equipment for my trade (massage and personal training), I am also a bit confused about the pre-trading expenses that can be claimed within 7 years. if you have any video on that please send the link
@BeCleverWithYourCash 2 жыл бұрын
Hi Andrea. Yes as a sole trader you can have a personal account with any bank. Afraid I can't help you on pre-trading expenses. But I'm sure there are some great resources out there
@Mabsusa1 3 жыл бұрын
What's the easiest and fastest business bank you can open . . Starling is taking longer that usual . .
@kammiah7428 3 жыл бұрын
Do I need a business account ? I have a limited company and it is a side business. I am the only person who will ever be on the shareholder agreement. Please advice
@BeCleverWithYourCash 3 жыл бұрын
Hi Kam. Yes as a limited company you need a full business current account.
@zaypeaceIslamstories 3 жыл бұрын
What's the best type of software like quickbooks any ideas? Link to HMRC easy and send and receive payments ?
@garymoore3859 3 жыл бұрын
Xero
@AbellMorliss 3 жыл бұрын
QuickBooks is the only cloud software to have decent support, and a telephone too
@peterellis4982 2 жыл бұрын
Hi have you heard about starling bank being bought out should I still get a account
@BeCleverWithYourCash 2 жыл бұрын
I’ve looked into this and couldn’t see anything - not to say it won’t happen at some point. But I wouldn’t let that put me off
@louisfootball 3 жыл бұрын
I have business Barclays account, after a year, they start charging £6,50 monthly, due to the covid the service we provide has been affected :( which bank account should I choose now?
@BeCleverWithYourCash 3 жыл бұрын
Sorry to hear the business is still impacted. My personal fave is Starling but it won’t be suitable for all. Check out the video to see the pros and cons
@wardiya3arbiya 3 жыл бұрын
I applied recently for that one. Obviously I will close it after a year 🤣
@muhammadsalah2063 3 жыл бұрын
Thanks Andy for all those very useful information. I’m in the process of buying and taking over a small limited company. With this business, there we will be taking a lot of card transactions with £10-20 amounts from the customers. Kindly any suggestions for what type of device device and bank to use to take payments from the customers. As its a small business, the more we can save on card transactions the better. Any kind advice will be welcomed. Many thanks. Muhammad Salah.
@zaypeaceIslamstories 3 жыл бұрын
What type of business do you do and is it it your own do you have any other types of platforms ?
@mariamappouridis3263 4 жыл бұрын
Can you have more than one Business Account in the UK say I start a Starling for most transaction but have the bulk to save on fees but I keep the bulk of my money in one of the. high street banks so it is more protected?
@rutube007 3 жыл бұрын
Of course you can. But money in Starling is just as protected (by law) as other high street banks. You should only do this if the amounts are huge (to reduce risks of keeping too much ina single account).
@AbellMorliss 3 жыл бұрын
of course
@james2mify 3 жыл бұрын
How does Transferwise compare with these accounts?
@BeCleverWithYourCash 3 жыл бұрын
If you do a lot of spending or invoicing in different currencies then it’s worth looking at TransferWise to help reduce the costs. But for everyday banking I prefer the other options
@zaypeaceIslamstories 3 жыл бұрын
You said quickbook and zero what is never heard of zero integrated need to find which is better fir me hmm
@DavidAStyles 3 жыл бұрын
It's spelt Xero, you'll be able to search that via Google :)
@zaypeaceIslamstories 3 жыл бұрын
That's good but is it better you feel integrated with other apps quick book looks expensive
@lizzyelizabethchege4358 3 жыл бұрын
How do I register
@meganadams6755 3 жыл бұрын
What is Starling like for ecommerce/ taking international payments?
@meganadams6755 3 жыл бұрын
or making international payments
@jerrysinclair4645 3 жыл бұрын
Terrible
@bosvegasboscombe388 3 жыл бұрын
Me and my brother are starting an Airbnb we need a join account what’s the best bank we should go with
@BeCleverWithYourCash 3 жыл бұрын
If it's all digital and you don't need access to a bank I'd recommend going with Starling or Monzo. And if you're not a limited company you can just open up the personal accounts which are much easier to sort.
@Allsortstrading 2 жыл бұрын
@@BeCleverWithYourCash we tried both of these accounts and they don't except partnership accounts. Intact we are struggling to find any
@salwasalim1662 2 жыл бұрын
What about anna money is it ok
@tantuce 3 жыл бұрын
What about ANNA accounts?
@annmarie3685 3 жыл бұрын
Wow should've watched this before I registered an Ltd. Can i cancel?
@BeCleverWithYourCash 3 жыл бұрын
Are you asking about cancelling a business current account? If so you can always move your business bank account to another bank and stop paying the fee when you do. You can usually use the switching service too. If it's the limited company you want to close then yes you can do this, but it's more complicated. I found this guide which might be helpful www.crunch.co.uk/knowledge/limited-company/how-to-close-limited-company-down-options/
@therealgg5050 4 жыл бұрын
Hey monzo business account do they do a full credit check?
@BeCleverWithYourCash 4 жыл бұрын
It's hard to fine the info on their site, but I think there will be ID checks to prove you are who you say you are (to prevent money laundering). If you need an overdraft then there will be a full credit check.
@therealgg5050 4 жыл бұрын
@@BeCleverWithYourCash sorry,another question what's the limit you can deposit in the account?
@AbellMorliss 3 жыл бұрын
of course
@AbellMorliss 3 жыл бұрын
all banks do if you are opening an account
@mirandamisery30 2 жыл бұрын
Nope.
@AbellMorliss 3 жыл бұрын
your reviews ignore Support. e.g. Revolut is terrible, but Starling is merely useless.
@BeCleverWithYourCash 3 жыл бұрын
The delay with Starling can be frustrating, even if it’s just 20 minutes. But it’s been decent enough when I’ve needed to use it
@rkauthar7028 2 жыл бұрын
@@BeCleverWithYourCash I've read some bad reviews of past customers needing customer support waiting 5 days ? Specially in cases of unknown cash being taken out and waiting forever to be paid back to them?
@pmilan5507 Жыл бұрын
Heya Andy, I already have a Starling personal account. In order to avoid many transaction fees as I often go to the band to put money in my account, could i deposit into my personal then transfer over to my business account?
@RahimRahim-cc7rl 3 жыл бұрын
like like
@roshladhar4785 Жыл бұрын
Hi Andy, LLOYDS is closing down our business account, our turnover is around £2.9-3.1million, lucky we have a online business cashplus account, we also opened yesterday card one banking, here we can go to Barclay and deposit cheq, cash, etc, any tips of any good accounts for business online, other then the ones we have, thanks
Be Clever With Your Cash
Рет қаралды 100 М.
Fabiosa Best Lifehacks
Рет қаралды 18 МЛН
Small Business Toolbox
Рет қаралды 40 М.
Jennifer Thomson
Рет қаралды 25 М.
Basics of Business
Рет қаралды 10 М.