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Childcare

cm club: home insurance & business baanking people??

12 replies

StrawberryMoon · 27/09/2006 19:41

my current b&c insurer wont cover me once i start working!!??? so who uses who???

and business banking.got details from abbey coming thru for lifetime free business banking but are these any good?

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Katymac · 27/09/2006 19:48

I use NCMA ins - less than m prev insurers

I use a deposit account with NW (I'm not admitting to running a business...all those chqs are just birthday presents)

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StrawberryMoon · 27/09/2006 19:50

so are those better than business accounts??

and have emailed ncma last night but not heard back yet?

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dmo · 27/09/2006 20:19

i used to have a business account but it cost me to put cheques in and write cheques so i changed to a current account
this is fine as long as you keep your bussiness money and personal money separate

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HenniPenni · 27/09/2006 20:21

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StrawberryMoon · 28/09/2006 13:09

well the abbey has lifetime free banking and no charge for sending recieving cheques etc?

and we have our car ins thru tesco so may give them a try thanks

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goldfinger13 · 28/09/2006 13:15

Hiya.
I used to work for the Abbey for 6yrs as a FA. I've found that the Abbey business account is good but you have more flexibility with a normal bankaccount.

If you set a seperate one from your normal account and just use that.

If you want to transfer between the two then it's instant. e.g. paying yourself!!!

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StrawberryMoon · 28/09/2006 13:18

thanks for that..i thought you 'had' to have a business account??

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goldfinger13 · 28/09/2006 13:21

You HAVE to have a seperate account for the business!!! If inland rev. want to investigate all they want to know if are your records and statements the same and is there an explanation.

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StrawberryMoon · 28/09/2006 13:22

so can be normal account, just as long as my house hold bills dont go in/out of same account?!.good thats easier then!

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goldfinger13 · 28/09/2006 13:23

Alot of people use normal account for their business!! You have more flexiblity with one anyway. Abbey don't allow for any payments paid in/ out over the counter.
that was the biggest grievience when i was there and was the cause for a lot of people changing accounts. for others that works well so it is up to you.

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StrawberryMoon · 28/09/2006 13:25

ah..now i would be needeing to pay over counter..so they are deff no no then with b.account..thanks for that bit of advice!

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goldfinger13 · 28/09/2006 13:27

No problem

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