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Switching Business Bank Accounts

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Tempted to switch my business bank account away from HSBC (poor level of service).

 

Is the switching process similar to (as easy as) switching a personal account? Also, what happens with payments coming in to the old account after the switch, are they auto sent to the new account? For how long will this happen, is it 12 months?

 

Also, any suggestions re: bank to move to; thinking of Starling, any good?

 

Thanks.

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Santander arent completely awful, but the foreign transfers system is really awful. If you have suppliers abroad, I'd give them a swerve. 

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Ive just switched business accounts to Starling. All good so far.

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I have business accounts with Santander and also Starling, happy to recommend them both. Santander handy having the branch if needed but Starling has a far better App. I would suggest have a think how you are looking to bank, do you take cheques or need to deposit cash? If not then 100% Starling. 

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Few of the major banks are taking new business account applications at present. Barclays does but only very slowly.

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On 05/12/2020 at 22:08, Steelmekker said:

I have business accounts with Santander and also Starling, happy to recommend them both. Santander handy having the branch if needed but Starling has a far better App. I would suggest have a think how you are looking to bank, do you take cheques or need to deposit cash? If not then 100% Starling. 

Thank you everyone.

 

It’s pretty much 100% electronic payments, I think in about 7 years I’ve only ever had one cheque.

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