Hi

I am new here and have looked through the threads regarding business bank accounts. I have a bad personal credit history and have been refused business bank accounts for my Limited Company with Santander twice even though they said I had passed the credit scoring and sent me out all the documents and paying in books etc twice - this also included business account debit cards etc. I then went to my own bank HSBC who refused me within 15 minutes (computer says no) and the Account Manager wasnt willing to even try to overrule it.

I am applying to Natwest currently but am worried that it will take too long and I won't have an account set up in time as I will be paid by cheque by my customer on or around the 15th February 2012.

It has been suggested that Cashplus Business Card is a possible way around the bank account problem and I have researched but it seems to me that the only ways to top up are with cash or debit card or direct transfer from a bank account so as there is annual or monthly if I can't pay a cheque on to the account then it really isn't for me.

Does anyone know whether they have a way of receiving cheques as I have looked on the wbesite and can't find any mention and also when you ring the 'Customer Services' line it only seems to be for people who already have an account with them.

Also I went on to the application to see if there was any further information and even though i didnt complete or submit the application and went back and removed information from this - I received and email saying I had been accepted and the card would be sent out to me in 3 to 5 working days. I ticked the box saying I would pay later so I havent entered any payment details but I was still very concerned.

Has anyone else had this happen ?

Thanks in advance

They send a letter out with a bar code take it to post office with £10 and bingo your in

They send u a card with in 3 days

And cheques I don't think you can deposit

I have a cash plus account and it's very good

If I can't pay in cheques i don't want the account - i didn't actually apply for the account, they sent the email anyway which i find disturbing

Hi With the card you get a sort code and an account number so dont see why you couldnt pay in a cheque? At the beginning you are limited to having a balance of £2000 to get this raised to the £15,000 limit they refer to - be able to deposit via a bank account and to access additional cards you must send them a copy of your Limited Company Registration. If you are a soletrader then you must sent them a recent bank account (so you must have a bank account as an individual) Hope this helps. I just got card today - need to be able to take payment via bank transfer - I am a soletrader - failed limited company and poor personal credit history - will let you know if they approve the raising of the limit as some months I will need to pay in more than this.

I am afraid it doesnt work like that at all. After they sent me the card - even though I hadnt submitted my details, I was then able to phone customer services and find out information. The only way you can top up is via cash, debit card or transfer, to top up with a cheque you go into one of their Cash Shops and cash your cheque at extortionate prices and then top up with cash. I then told them that wasnt acceptable and cancelled my card.

My main concern was why they used my details even though I hadn't submitted

I am not sure what you mean by "it doesnt work like that at all" - which bit are you referring to? I have been told that they now have my bank statement and are considering lifting my limit and they will be in touch. Will keep you all posted.

Can you use this account to take Paypal payments ?

Can you use this account to take Paypal payments ?

this thred is almost a year old...

can we help you?

dx

Hi

Didn't notice it's age, but that doesn't matter does it? I was just looking for threads about this particular account.

I would like to be able to be paid by Paypal, but wanted to ensure this account takes Paypal payments.

if it accepts bacs then i'd say yes

welcome aboard cag

dx

Well,

I was declared bankrupt in 2011 (discharged after 6 months)

and joined the co-operative as they were the only ones that would have me.

I was then ill (cancer treatments, all clear now!),

and was late putting cash in, resulting in several failed direct debits.

I thought they would just accept the money that they took in charges but instead they closed my account.

No real problem as we run things through my wifes account without any further problems,

however...I started another business and needed a business account to do some direct debits, standing orders and for customers to pay me via bank transfer,

so I have decided on Cashplus Business.

I have received my card and will report back in a month to let you all know how it's working out.

this thread is very old

I doubt anyone will see your post

dx

this thread is very old

 

I doubt anyone will see your post

 

dx

Haha...you did

I'll do a fresh topic post when I have the info mentioned, thanks.

well i'm siteteam

here to help

so we know all the pitfalls new posters fall into and

ensure you get help

dx