Claiming on a Business account? Lets join forces? - Page 70

TheyrCriminals · 9th July 2008, 18:03

Hi Josh,

My friend asked about a Halifax Treasurers account today, he even managed to get an appointment with his branch manager, however the manager explained to him that he would not be able to open a Treasurers account as this is an account designed for clubs (swimming, cricket, rugby clubs etc), particularly club secretaries. It does not extend to companies. Also the EasyKard business accounts will not accept cheques, postal orders or bankers drafts paid out in your company name, they must be made out to EasyKard. So back to square one! Any ideas guys?

Thanks.

TheyrCriminals

JOSH_IOU · 9th July 2008, 18:05

Hi TC
Ive not had any problems with clients before.
The easkard is not a bank account.

Did you try NatWest?

TheyrCriminals · 9th July 2008, 18:32

Hi Josh,

I know that Easykard isnt a bank account he knows that too, we were just seeing whether you could pay a cheque in in the company name for a business credit card account. I dare say he will give NatWest a go now.

TheyrCriminals

TheyrCriminals · 10th July 2008, 18:32

Hello Josh,

He tried NatWest yesterday, they do a business account for people with adverse credit history but they declined to open an account up for him. He owes them about £2000 from a student account from 3 years ago!

Any other suggestions, he has cheques building up now with nowhere to deposit them, he just simply wants an account to pay in money!!

TheyrCriminals

JOSH_IOU · 10th July 2008, 18:57

Hi TC.

Yes he will get instantly rejected as soon as they check his name on the system. They wont bother running a credit check.

Dose your freind have any money to put into an account?

JOSH_IOU · 10th July 2008, 19:04

Would he consider going offshore?

JOSH_IOU · 10th July 2008, 19:27

I would reccmomend going offshore first but would your freind consider getting into the shabbey habit?

Abbey have a basic account. I think they charge you £50 to open it.

TheyrCriminals · 10th July 2008, 19:56

Hello Again Josh,

Don't really know what offshore entails, could you enlighten me please? This Abbey basic accout you speak of is it an Abbey basic business account that is uncredit checked?

TheyrCriminals

photoman · 11th July 2008, 00:44

Have you done a search on some of the comparison sites?

I did a quick search, and there seems to be a fair range of free business accounts (No monthly fees or transaction charges).

Otherwise, I read recently that Nationwide are currently prioritising getting new accounts as their main business objective (as opposed to mortgages, loans etc). If they have business accounts they would probably jump though hoops to get him as a customer.

Otherwise, if it were me personally I would just get him to instruct any clients to make cheques out personally, and then clear them through a personal account.
There are no laws to prevent anyone doing this (so long as income and expenditure accounts are all kept properly and all due taxes paid etc).
Banks just don't like the idea cos they think they have some sort of right to make more money from business accounts.

Lastly, there is always the option of opening a basic personal account with someone, then after a few months of good operation applying for a business account with them (geez...... you'd think they were doing us a favour by having the pleasure and use of our money)

JOSH_IOU · 11th July 2008, 14:53

Pm is right TC.

However Banks are verry fussy on taking on new business these days.

If he really wants a business account in this country look into registering a Limited company.

Though if you meat the opening criteria this may sound verry strange you still may be rejected if you have ccj's and defaults.

Has your freind already completed the work is that why he has been paid by cheque?

I was asking becase PM's suggestion was a good one under these circumstances.

JOSH_IOU · 13th July 2008, 16:50

Protection for sole traders under the cca 2006?

Definition of “individual”

In section 189(1) of the 1974 Act (definitions) for the definition of “individual” substitute—
“‘individual’ includes—
(a) a partnership consisting of two or three persons not all of whom are bodies corporate; and
(b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership;”.

TheyrCriminals · 18th July 2008, 14:32

Hi Photoman and Josh,

Sorry I haven't replied sooner. Thank you very much for the above posts I have passed your information on to him. When I hear back from him I'll let you know!

TheyrCriminals

TheyrCriminals · 21st July 2008, 17:49

Hello Guys,

I thought I would post this link here too. The FSA has just extended the waiver by six months - nothing really that surprising.

BBC NEWS | Business | Overdraft complaints frozen again

TheyrCriminals

photoman · 22nd July 2008, 00:58

Thanks
Hardly surprising really. This is after all the FSA, financed and supported by the banks.
Will be interesting to see if the courts continue to agree ?
PM

PS: They're criminals. Tried to reputation point you, but I need to spread myself about a bit first !!

TheyrCriminals · 22nd July 2008, 16:44

Hi Photoman,

Not quite sure what you mean, sorry! How come you're having difficulty leaving me a reputation comment?

TheyrCriminals

JOSH_IOU · 22nd July 2008, 16:50

one word B*****s

photoman · 22nd July 2008, 19:47

Quote:

Originally Posted by TheyrCriminals

Hi Photoman,

Not quite sure what you mean, sorry! How come you're having difficulty leaving me a reputation comment?

TheyrCriminals

The reputation system on CAG is set up in such a way that if you have recently given someone a positive rep, then you cannot do so again until you have done the same to some others.
I suppose this is to stop members grouping together and bumping up each others points, thus giving them a false or undeserved reputation.

PM

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