Does anyone here have any suggestions about which bank to go with for a business account? Below are some notes from my own research today, I discovered that Natwest have removed their tariff which allowed for free electronic banking which seems to differ from most other banks and seeing as almost all of my transactions are BACS/standing order/direct debit they probably aren't the best any more. Looked on reviewcentre.com and all business banks have below 3 stars which doesn't help...

I am using Quickbooks with it so need automated bank feeds to be compatible.

My notes (may not be accurate):
RBS online:
18 months free
£6.50 monthly
Free electronic payments in/out
Cash payments in/out 1% first £1500, 0.8% thereafter (ATM withdrawals free)
Cheques in/out 65p (free when using immediate deposit machine or night safe)


Lloyds (same as RBS)


Santander:
12-18 months free
£7.50 monthly
All day-to-day banking free
If exceed £1000 cash deposit in a month 0.5% charged on remainder
0.25% gross interest paid on credit balance (Interest is calculated daily and paid monthly)


HSBC:
18 months free
£5.50 monthly
If exceed £3000 cash deposit in a month 0.5% charged on remainder for first 12 months, 1% on all deposits after
Branch credits/withdrawal 90p
Various charges:
http://www.business.hsbc.uk/en-gb/ev...0k-start-up-uk


Barclays : **manual QB import**
12 months free
£6.50 monthly
Cash payments in/out 1.5%
Cheques/assisted payments in/out £1.50


Natwest:
24 months free
£5 monthly (business plus tariff)
Free electronic payments in/out
Cash deposits 0.95%
Cheques and other debits 84p
Cheques paid in at branch 32p
BACS payments 18p per item
Foreign currency payments 2.75% (min £1)
Cheers