When you have formed a limited company, one of your first tasks will be to choose the best bank account for your new business.
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When you set up a new limited company for your business, you will also need to set up a business bank account. Here we look at the practicalities of opening a new account.
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Whether you are on an initial ‘free’ banking period, or have an established business bank account, you may be surprised at how much your bank charges to process inbound and outbound transactions.
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The business secretary has laid out the Government’s plans to create a small business bank to provide longer term finance to UK companies which is currently hard to access from the risk-adverse high street banks.
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