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General Category => Questions and Answers => Topic started by: neutralC on 19 November 2017, 07:28:57 pm

Title: Opening second bank account
Post by: neutralC on 19 November 2017, 07:28:57 pm
Hello, I would like to open second bank acc as I now have only TSB which is too small for me (too little banks over my city).
 I wanted to open HSBC bank account, but they said I could only open business acc and no other, they will close down my acc if they would see much money flowing in when I won't state it's business. Huh? I do not want to open business acc, so can anybody give me advice where to open second bank acc? Thanks.
Title: Re: Opening second bank account
Post by: Mirror on 19 November 2017, 07:34:50 pm
Hello, I would like to open second bank acc as I now have only TSB which is too small for me (too little banks over my city).
 I wanted to open HSBC bank account, but they said I could only open business acc and no other, they will close down my acc if they would see much money flowing in when I won't state it's business. Huh? I do not want to open business acc, so can anybody give me advice where to open second bank acc? Thanks.

Are you a British national?

I have several accounts with different banks, some the same bank all know I'm self-employed and not been required to have a 'business' account.
Title: Re: Opening second bank account
Post by: mySecret on 19 November 2017, 07:46:18 pm
i am with HSBC and it is not a business account, ... as my accountant said you do not need one.
you can use one for everything.
Title: Re: Opening second bank account
Post by: neutralC on 19 November 2017, 08:19:52 pm
no, I'm not British.

I do not know what to tell in a bank why I need second bank acc as I have other one too. And HSBC said I need to pay for my business acc.
Title: Re: Opening second bank account
Post by: Caledonia on 19 November 2017, 08:40:52 pm
When I opened my account with Bank of Scotland I just said it was for paying bills. I also have an account with Halifax which I opened online no questions asked.
Title: Re: Opening second bank account
Post by: Mirror on 19 November 2017, 09:39:09 pm
no, I'm not British.

I do not know what to tell in a bank why I need second bank acc as I have other one too. And HSBC said I need to pay for my business acc.

There's been another thread about problems with banks, and I seem to remember the poster was also not British. Could be something to do with people sending money out of the country, or money laundering that sort of thing but I could be very wrong.

Yes I had problems with HSBC they were very businesses like, rude and intrusive.

For that reason I went to a different bank who were happy to open a simple savings account for client payments and deposits. They were so nice I even told them my occupation, which the advisor hardly blinked at.

HSBC have also been in trouble with the authorities, and have been clamping down even on business business accounts. A friend of mine has had a lot of hassle with them over nothing, there's been articles in the media not to mention complaints about how they are treating business customers in response to their own problems.  In my opinion HSBC are best avoided,
Title: Re: Opening second bank account
Post by: English Green on 19 November 2017, 09:45:51 pm
Try and open a second account online rather then in the bank. HSBC can be a pain. Try Barclays, Natwest and Halifax
Title: Re: Opening second bank account
Post by: mySecret on 20 November 2017, 11:55:37 am
I am not british! not problem with HSBC.
I opened it 2 years ago, i do not know if they changed rules (maybe after bretix)

Title: Re: Opening second bank account
Post by: DiscreetLady on 20 November 2017, 03:44:53 pm
I'm not british, I have two accounts with natwest and barclays opened since 2011 directly at branch although I was a student at that time but they didn't ask me anything and I often deposit 1000-2000 pounds at a time and they don't say anything
Title: Re: Opening second bank account
Post by: SuperCheese on 20 November 2017, 04:38:06 pm
You could try opening an account with a building society, rather than a bank.
Title: Re: Opening second bank account
Post by: Iloveginandtonic on 12 February 2018, 02:34:45 pm
At the moment I have two current accounts with Natwest. One for personal and one for depositing my income. I have been told by Natwest that depositing income into a regular current account this against their policies, and would need a business account.

Just wondering if any of your girlies can recommend a bank?  One where I can deposit into a regular current account, without breaking policies.  I really don?t want to open up a business account.
Title: Re: Opening second bank account
Post by: fion on 12 February 2018, 02:52:56 pm
I have a first direct account. (It's under HSBC umbrella).

But it's great I can pay cash at the post office or HSBC. I use it as my work account. It's a standard account not business account. I then have a lloyds account where I transfer my wages online from first direct account to lloyds.

Honestly paying in at the post office they don't batter an eyelid. It's straight into your account.

Title: Re: Opening second bank account
Post by: Mirror on 12 February 2018, 03:56:58 pm
Santander are fine.
Title: Re: Opening second bank account
Post by: Iloveginandtonic on 12 February 2018, 04:37:15 pm
Thanks girls
Title: Re: Opening second bank account
Post by: Mirror on 12 February 2018, 04:45:50 pm
Thanks girls

Some banks are obsessed with upselling.
Title: Re: Opening second bank account
Post by: Iloveginandtonic on 12 February 2018, 04:54:13 pm
I?ve just applied online for a basic Santander one.
I just need a no thrill account for depositing money. Already got an upgraded natwest account  :)
Title: Re: Opening second bank account
Post by: Rosesugar on 13 February 2018, 11:57:56 am
You can open any saving account with proof of ID it should be fine .
Each bank has a criteria for application.
Usually birth  certificate
d licence passport a utility bill .
Barclays
Nat West
Hsbc should be ok
Title: Re: Opening second bank account
Post by: Seamstress on 13 February 2018, 04:44:36 pm
It's just one of those things - a bank is not obliged to offer you an account and they're entitled to set their own rules about who can have what (in addition to all the regulations they have to abide by). If you are using an account for business purposes (whether wholly or mainly) then the bank can insist you need to use a business account (because it has different charges, which is how they make money). If they know or suspect you are using a personal account for business purposes, they may close it down. Plus, all financial services providers use fairly sophisticated monitoring software for anti-fraud and anti-money laundering and, as you might imagine, some of the main things it looks for are cash transactions and lots of irregular electronic transfers (as opposed to regular money in then regular direct debits out, which is how a 'normal' personal account usually looks).
It's therefore a bit of a gamble really - even if your account gets flagged they may not report / pursue it - but it's worth bearing in mind because the last thing you want is your account being closed and ending up without one.
Title: Re: Opening second bank account
Post by: Mirror on 13 February 2018, 05:23:53 pm
You can open any saving account with proof of ID it should be fine .
Each bank has a criteria for application.
Usually birth  certificate
d licence passport a utility bill .
Barclays
Nat West
Hsbc should be ok

HSBC were not ok with me, they were very rude, wouldn't just give me a basic account, they constantly tried to upsell, badgered me for the source of the money (I wanted a simple account for client deposits) and were so cold I walked out.

Went to a different bank, former building society who were very happy to give me their basic savings style account. I did tell the advisor where the cash was coming from, they didn't bat an eyelid and certainly didn't even suggest a business account

My OH has a business account with HSBC and has had some very bad experiences with them, he hasn't moved because to do so would cause just as much hassle however as a result neither of us would recommend them for anyone.
Title: Re: Opening second bank account
Post by: Rosesugar on 13 February 2018, 10:28:26 pm
That's not good , sorry to hear you had bad  time with HSBC Mirror .
I can't stand Lloyds personally arrogant wankers every branch .
Title: Re: Opening second bank account
Post by: barbie88 on 14 February 2018, 02:21:30 pm
Hey ladies

Im with Rbs and Santander and there both really good I had no probs opening accounts with them .
Title: Re: Opening second bank account
Post by: Green Carnation on 14 February 2018, 05:46:52 pm
I have been with Lloyds for 11 years, no problem whatsoever. Also never asked me to open a business account despite regular deposits.
I briefly had a current account with nat west, what an absolute nightmare they were. Woman who set up the account for me was rude and intrusive, then after I got fed up with them, they charged me ?25 to close down the scummy account :o
Title: Re: Opening second bank account
Post by: amy on 14 February 2018, 05:51:30 pm
I have been with Lloyds for 11 years, no problem whatsoever. Also never asked me to open a business account despite regular deposits.
I briefly had a current account with nat west, what an absolute nightmare they were. Woman who set up the account for me was rude and intrusive, then after I got fed up with them, they charged me ?25 to close down the scummy account :o

Also had no problems at all with Lloyds in many (20+) years, including those where I only had one account for both work and personal stuff.

Switched to Halifax for personal account and have had work account with Santander for years and had no problems with either; have just switched to NatWest for personal account. I'll be switching again to First Direct shortly for personal, but my Santander account will be staying exactly where it is :).
Title: Re: Opening second bank account
Post by: Justine on 14 February 2018, 06:05:56 pm
I have been with Lloyds for 11 years, no problem whatsoever. Also never asked me to open a business account despite regular deposits.
I briefly had a current account with nat west, what an absolute nightmare they were. Woman who set up the account for me was rude and intrusive, then after I got fed up with them, they charged me ?25 to close down the scummy account :o

I have had no probs with Natwest and been with them for years, having a few accounts with them. I think with banks it is much like any other place which should have excellent customer services.  Only once a very long time ago I had to have a word with one of the staff because of her off hand manner, all other staff have been fine but it is hit and miss whichever bank or place you deal with.  I never put up and shut up with anything I would not do or say myself whether it is bank or not.



Title: Re: Opening second bank account
Post by: Mirror on 14 February 2018, 06:13:31 pm
Also had no problems at all with Lloyds in many (20+) years, including those where I only had one account for both work and personal stuff.

Switched to Halifax for personal account and have had work account with Santander for years and had no problems with either; have just switched to NatWest for personal account. I'll be switching again to First Direct shortly for personal, but my Santander account will be staying exactly where it is :).

Yep I've had good experiences with Halifax and Santander, I'm no longer with Lloyds due to self-imposed reasons which have nothing to do with their service (all to do with my shame at once upon a short-time having very bad debt problems which are all now resolved).
Title: Re: Opening second bank account
Post by: VoluptuousCurves on 15 February 2018, 01:52:09 pm
I've banked with Lloyds for about 40 years and I know they don't give me the juciest interest rates, but I stay there because they have consistently given me the best customer service.

Case in point -I woke up one morning to realise I'd been burgled during the night. This was over a bank holiday weekend. I rang my card providers to cancel any charges.
Barclaycard: Oh, sorry to hear that, I'll cancel the card and send you a new one.
Santander: Ok. I've cancelled your card. Happy Easter. Is there anything else I can help you with?
Lloyds: Oh no, are you okay? Did you hear them come in? That must have been so scary, I'm glad you're okay! As it's bank holiday our branches arent open until Tuesday, but just go into your local branch then with this code and they'll be able to give you cash as an interim measure before your new card arrives. I see you have home insurance with us, shall I pass you through to a colleague on that team to see how they can help?