Online Banking - Who?

Discussion in 'Gaming and Software' started by smallbrownprivates, Nov 27, 2009.

Welcome to the Army Rumour Service, ARRSE

The UK's largest and busiest UNofficial military website.

The heart of the site is the forum area, including:

  1. First direct

  2. LloydsTSB

  3. Co-op

  4. Barclays

  5. Abbey Santander

  6. Nat West

  1. In this current economic climate and after Dubai now going down the tubes, who provides the best online banking for small businesses?

    Any advice/guidance much appreciated
  2. Apparently Abbey has said they will give free banking for the life of the business to small businesses, I think you just have to keep turnover under a certain limit
  3. I use LloydsTSB, because my normal bank account is with them. However I wouldn't recommend them. They've not done anything wrong as such, but their business banking online is far inferior to others that I've been told about.
  4. Gremlin

    Gremlin LE Good Egg (charities)

    SBP, I presume that you are talking about 'Niche' markets, although you have listed the High Street banks. There are quite a few that have specialised in the last 36 months or so; for example Dunbar (ex Allied Dunbar Insurance Group) are now owned by Zurich, and concentrate solely on building development loans.
    Have you thought about talking to either of the official Army Agents, as they may offer some specific facilities to Ex Service run businesses not available on the high street? They also tend to have a friendlier face and be less computer oriented (in terms of financial decision making) as they have more leeway than normal branches.

    Most banks will offer on-line banking of some kind, even the more specialist ones.
  5. Ulster Bank (RBS) have been pretty decent to me & my SME, although I've never taken out a loan.
  6. The Co-op received a good kicking from Radio 4's Moneybox a couple of weeks ago because their on-line business account is so awful (try using iPlayer for the programme which must have been broadcast in late Nov 09). Apparently, the whole system locks up very quickly and Customer Services doesn't know the meaning of the title!

  7. Yes, have done. once bitten twice shy!. The LloydsTSB coonection has pro's and con's.
    Looks like its going be Natwest, the Co op's ethical questionnaire was the stumbling block.
    I never realised how naughty I am...
  8. Gremlin

    Gremlin LE Good Egg (charities)

    Fair point Re Holt's/Cox's.

    And if you go swanning round the third world in a flying helmet with a bunch of wet celery in hand, you are not exactly going to be the Co-ops greatest green client. TBH who cares though! :D

    Not a fan of Boerclays then I take it?
  9. I didn't think First Direct offered business banking products? It should be HSBC Bank plc, in which case I would vote for HSBC.

    Their Business Internet Banking (BIB) is as secure as any other banks - I assume - and they usually have offers such as 18 months free banking. This aside, depending on what 'tariff' you choose, it can be free anyway, but you would need to discuss that in branch. In terms of who can access your BIB, and what levels of access they have such as payment limits can all be adjusted very easily.

    HSBC as a banking brand is very respected and global, although the emergence of Santander in January 2010, may well require consideration.
  10. Just avoid HBOS now Lloyds banking group at all costs