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New business, and Finance
Aug. 1st, 2015 05:11 pmI'm working on it, but....
The new business, Porcine Aviation Crafts, needs its own bank account, Paypal account, and Ebay account.
So I go to the Barclays page, and get promised that since I'm an existing customer, setting up a new account will be trivially easy. Would I like a personal account, or a business account?
Well, "business" is the obvious answer, but....
As a special favour for a new startup, all sorts of charges will be free for the first year. Wheee! So I read through what those charges are, thinking "I have to pay for this?" If I just open a normal current account, all those things are free, period, no question. So, other than the free financial advice (which I have coming out of my ears already), why would I want to choose an account type that has the word "business" attached to it, and apparently nothing else in its favour? I'm sure I'm missing something important here.
The new business, Porcine Aviation Crafts, needs its own bank account, Paypal account, and Ebay account.
So I go to the Barclays page, and get promised that since I'm an existing customer, setting up a new account will be trivially easy. Would I like a personal account, or a business account?
Well, "business" is the obvious answer, but....
As a special favour for a new startup, all sorts of charges will be free for the first year. Wheee! So I read through what those charges are, thinking "I have to pay for this?" If I just open a normal current account, all those things are free, period, no question. So, other than the free financial advice (which I have coming out of my ears already), why would I want to choose an account type that has the word "business" attached to it, and apparently nothing else in its favour? I'm sure I'm missing something important here.