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crash2006

Rbs To Charge Uk Companies To Hold Cash

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I'm surprised some businesses haven't just started buying gold coins in bulk. They could store them at HQ, and keep them for a rainy day. I know for a fact that several large companies in the US have done this already.

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Yeah were going to see those billions back arnt we?

Steve Hester had aplan and had experience - worh thru the sh,1t and liquidate it. Same plan as Abbey national. Total fcking grind which he was dping for a knighthood, certsinly not the money.

Gidiots boots him out. Gets current moron in.

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So business is going to get the same treatment as Nationwide customers suckered into taking Flex Plus accounts.

You pay a monthly fee, they pay interest on your positive balance up to a small limit, HMRC tax that interest.

At the end of the day you are being charged negative rates because you cannot earn enough taxable interest to cover the monthly 'fee'.

Bank happy, HMRC happy, you screwed by both.

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Am a small business and I got a letter from Nat West a fortnight ago.

Business banking charges are trebling from September. I currently pay between £4.50 - £6.00 a Month through careful management paying money into my personal account and transferring it electronically, not accepting cheques and insisting on card payments ect.

Up till now all payments out DD SO ect have been free as have payments in from Merchant services credits ect. From September each and every payment attracts a payment of 35p....

They anticipate the new charges being around £18 - £22.....

40+ years I have kept my accounts in Nat West and am seriously hacked off.....

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Am a small business and I got a letter from Nat West a fortnight ago.

Business banking charges are trebling from September. I currently pay between £4.50 - £6.00 a Month through careful management paying money into my personal account and transferring it electronically, not accepting cheques and insisting on card payments ect.

Up till now all payments out DD SO ect have been free as have payments in from Merchant services credits ect. From September each and every payment attracts a payment of 35p....

They anticipate the new charges being around £18 - £22.....

40+ years I have kept my accounts in Nat West and am seriously hacked off.....

The banks treat small businesses like cash cows, we are just an easy source of revenue to them. The idea that your bank is there to help you disappears very quickly.

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So business is going to get the same treatment as Nationwide customers suckered into taking Flex Plus accounts.

You pay a monthly fee, they pay interest on your positive balance up to a small limit, HMRC tax that interest.

At the end of the day you are being charged negative rates because you cannot earn enough taxable interest to cover the monthly 'fee'.

Bank happy, HMRC happy, you screwed by both.

You get free worldwide travel insurance, free mobile insurance, free cash withdrawals abroad and free car breakdown cover via flex plus and 3 per cent interest on up to £2500. Factoring in the interest costs you £5 a month for all that.

If you don't use those why do you have the account - separately those would cost far more than the account costs.

So it's not the best comparison - it's a good account.

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The banks treat small businesses like cash cows, we are just an easy source of revenue to them. The idea that your bank is there to help you disappears very quickly.

Very happy with my Santander business account. No fees whatsoever.

But perhaps if banks are going to charge big business for holding cash they may well pay their suppliers much quicker. That would be a serious boost to small businesses.

We currently give a discount for prompt payment. It would be a farce if we now had to charge extra for payment within terms!

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