In Four A Penny Start ups, small business & stuff

27Jan/100

Starting in Business? Choose Free Banking

Clear Books, my accounting software company, has up until now banked with Barclays. I signed up out of convenience as our partner Fubra had an account manager which sped up the setup process. For a long time the account was inactive as we were in a development phase and not processing any transactions.

For a while now the account has been active and as a result we accrued bank charges covering the previous quarter including all sorts of items:

  • BDC ATM CASH
  • BDC MERCH VCH
  • DEBIT ENTRIES
  • AUTOMATED CR
  • STMNTS CEN POST

This was very annoying!

Unfortunately, Barclays do not offer a free banking service so I am in the process of switching to Abbey (or Santander as it is now known) which does.

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