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Nat West Business Bank Account fees DraigGoch

Posted: Tue Mar 07, 2017 12:31 am
by lightlessblack
Hi, I am new to this site, so please have patience with me...

I have a small business with a Nat West Business Bank Account. My 2 years free banking is coming to an end next month and they are going to start charging me for every BACS payment etc. This could amount to over £100 a year which I would rather not pay.

How can I avoid this? I have spoken to them but they are not willing to waive these charges.

Changing bank account will be too much hassle as I did this 2 years ago and for months payments were still going into the old account.

Has anybody experienced this before and got any positive results from Nat West?

Thank you

Posted: Tue Mar 07, 2017 4:40 pm
by leeannaleeanne
You can't avoid it. It was an intro free trial, and it's over.

Except by switching to a bank that offers another introductory free period.

Edited to add: Yorkshire/Clydesdale Banks are still (I think) offering 2 years free business banking if you switch to them. Which is a good offer, but bear in mind they don't have many branches in the south, so branch visits can be challenging depending on where you are (pay-ins can be done at a PO though). Worth exploring all the other bank options though...

And a full switch using the Current Account Switching Service shouldn't leave payments going to the old account, as that won't exist and will all be re-directed under the CASS switching scheme.