It is therefore worth spending some time interrogating
some reliable comparison sites in order to ascertain what are
the best business bank accounts in the market and what incentives
they might offer which would be of particular interest to you
as a business customer.
Obviously what is most important is the knowledge
that the bank with which you decide to go with manages your
account effectively. There is little point in having an account
that doesn’t make charges if the service is so poor that
you will need to spend valuable business time trying to sort
out problems and misunderstandings. Good customer service and
efficient day to day account management have to be your first
Beyond that you will need first to establish
whether bank charges apply or whether such services as processing
direct debits are free of charge. Some banks will offer these
services for free to new customers for a fixed period of time,
often one year.
Is there in-credit interest, as if so what is
the rate? What charges are applied for overdrafts, both authorised
and unauthorised? Does the bank offer telephone banking services?
Do you have access to a named business manager who will be able
to help you with advice?
The best business bank accounts will be keen
to offer a service that is in harmony with your need and requirements.
It is in your bank’s interest, almost as much as your
own, that you succeed. Compare best business accounts online
with the above websites.