Choosing an account
Article Abstract:
Increasing competition among UK banks means that they no longer offer similar services and are developing new products to attract customers. The Forum of Private Business suggests that potential bank customers should shop around to find services that suit their own needs. Factors to be considered include transaction charges, the type of service being offered and the number of bank branches. For businesses dealing with foreign companies, overseas banking links are an important consideration. An alternative to conventional banks is the Girobank, which operates through the post office network.
Publication Name: What to Buy for Business
Subject: Consumer news and advice
ISSN: 0265-296X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
The current situation
Article Abstract:
In the past, the UK banking industry has had an uneasy relationship with small businesses, culminating in the recession years when many small businesses were destroyed by banking policies. However, both parties are keen to heal the rift and the banks have reasserted their commitment to the small business sector. Strong competition among banks to attract business means that they are introducing new specialist services aimed at small companies.
Publication Name: What to Buy for Business
Subject: Consumer news and advice
ISSN: 0265-296X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Business know-how
Article Abstract:
Small businesses must aim to receive a good service from their chosen banks. Complaints about banking services should first be addressed to the bank, failing this the Banking Ombudsman Scheme, financed by the member banks, is available to all customers having problems with their bank. A guide to good banking methods is presented, plus a chart to services provided by the main UK banks.
Publication Name: What to Buy for Business
Subject: Consumer news and advice
ISSN: 0265-296X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: