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which bank account


slipenders
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Hi all, we are a committee run preschool and currently we have a business account with santander to do our banking, however this is becoming a problem as we can only have one signatory if we want full online access.

 

Can i ask what accounts/banks other settings use and their experience with them

 

Many Thanks

 

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I've used HSBC, Barclays and Nat West for community accounts. HSBC ok except for signature changes. Nat West rubbish for everything. Barclays ok, you can change signatures online.

 

Even if you are online banking you can still have two signatures on the paperwork. Just set a form to put with invoices for committee to sign. It makes accounting so much easier and I think more secure as all the transactions are listed.

 

Although it might be a case of seeing which banks still offer community accounts!

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We've just moved to co-op from Santander for exactly the same reason. We were fed up of faxing through payment requests all the time! Opening the new account took quite a while, but now it's happened, it's amazing at his much easier it is to do online transactions. One person sets up the payment online, then an approver logs in and authorises the payments. Much simpler. Would recommend.

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