Limited Company

[Leftie]

I applied to my Limited Conmpany's bank asking them to supply me with a complete list of transactions and charges relating to my banking history over the last six years with their organisation. Alternatively, I asked for a complete set of statements for that period will be acceptable. My Bank Manager has just telephoned me to say that if they supply me with statements it will cost me £5.00 per statement sheet. I pointed out that I only asked for statements if they could not provide me with a list of transactions. They are going to come back to me she said. What a surprise that they relephone at 15.30 on the last working day before the information is required to be with me under the 40 day rule. Can anyone help with advice as the information I requested is free to personal account but not apparently to business accounts.

Thanks in anticipation.

 

 

[ukaviator]

Hi Leftie

 

The same rules apply even with your business account. Have a read here:

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/516-1-data-protection-act.html

 

The charge for all of the data they hold on your account is £10 in total. Does'nt matter how many accounts you have with them.

 

Ukaviator

[andrew1]

Might be a bit late but I disagree with Uk Activator ( dare I ? ! ) I have only just found this post. Although this is a similar claim like all the others, it actually does not come under the Data Protection Act when it's a Limited Company.

 

Data Protection is for consumers. A limited company is expected to keep its accounting records for 6 years and you have no recourse to receiving records for £10 as consumers do.

 

Sadly, if you haven't kept your records you will have to pay the £5 per statement and be in trouble with the authorities for not keeping your accounts if it ever came to checking you out. take a look here: http://www.consumeractiongroup.co.uk/forum/barclays-bank/64383-limited-company-data-protection.html