I'm closing my business bank account after experiencing first hand how awful they are. We always want to provide the best service to our customers - to do this, we may need to Bank Accounts for Startups, Sole Traders, Small Businesses & SMEs. I wrote a complaint stating I had closed the account why were you paying people from a closed account. TSB offers an attractive business bank account that is perfect for brand new businesses who would benefit from 25 months of no fees, or existing business owners looking to cut costs by switching. A free inside look at company reviews and salaries posted anonymously by employees. While card payments and cash withdrawals are completely free in the UK, abroad they will always incur a charge. One important feature of an online business account is accounting software integration. Online business banking is also very user friendly. This offer far outweighs many introductory offers from other banks, with the added bonus that you may already bank with TSB or have a local branch close to your place of business. Our website is completely free for you to use but we get paid by lenders, brokers, and service providers for introductions and funded applications. This has been going on for the past month. Concentrating on consumer credit products, Robert writes informative articles that Customer reviews for Starling relate to the bank as a whole, not its business account specifically. I've had the same buissiness account for 20 years ( originally Lloyds they were great then got moved to TSB by them ) since then I've never even had to make a call to them to see who my relationship manager... Read more. Opened up a business account to get a bounce back loan. SO TSB is liable here And then out of the blue they tell me they are closing my account, for no reason, and rudely order me to return any cheque books and credit cards. It doesn’t matter if you’re switching or are opening a brand-new bank account. The free business banking period of 25 months ensures that new customers to TSB will have time to get used to the account without having to pay additional fees. You can imagine to what extent they waste people's time. This bank sent my credit card statements for approximately 6 months to a former address & since then they have been a nightmare to deal with as they applied charges and interest and defaults on my credit file for their... Read more. and the UK lending market. Registered Office; Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS. TSB has launched a review of its media business, which is currently managed by Dentsu Aegis’ Vizeum. application with Credit Bureaus before sharing your application with lenders and brokers on our Quint Group Limited is For business clients, TSB has the Easy Savings Account that pays out interest of 1% Gross/AER (variable) if your account balance maintains £5,000 or more. I have complained by email and go though TSB website. Thus, how does one prove to another financial institution that it IS a joint account, when they ask for a PDF bank statement? This could be business transactions in your TSB Personal Current Account or additional documents. An online business account lets you manage your business finances and make payments 24 hours a day through your computer, tablet or phone. Website: TSB Business Savings Accounts Read the full TSB Business Account review. Powerful and simple. More here about the TSB business bank account. You can also add a Euro or US account, but only after creating one of the above Business accounts. I LEFT TSB TWO YEARS AGO after failing to support me with a section 75 claim which should have been refunded for failing and faulty service, they did not stand by me. Share. In it I find they had not closed the account PAID a automatic payment to an insurance company I was completely unaware of and then been adding interest for a year without sending any letters or anything a whole year or more. FRoze my account for transferring money to my own family because I wouldn’t say lol what my Nanna needed the money for absolutely disgusting I’m 5 months pregnant with no money and supposed to be isolating because of corona told by tsb go the bank whe ... Read more. Save from £1. I have complained by email and go though TSB website. Enter your email and password below to access your account. Still not heard a thing, call them and they are to busy. Fine for everyday banking, but terrible when anything goes wrong! Authenticate transactions means you can monitor your transaction history and also authenticate transactions that are being made through internet banking, making it quick and easy for you to make payments without any delays. The customer service is rude, incompetent and appalling. However, if your account balance goes under £4,999, you will receive a lower rate of interest at -0.15% Gross/AER. They are extremely slow. Indeed the service and facilities have got much worse overall. Digital features. With business banking and aspects such as access to finance being so important to many business owners, Smart Money People is becoming the UK's leading source of TSB business banking reviews. their personal finances efficiently. With business banking and aspects such as access to finance being so important to many... TSB business banking reviews at Smart Money People are helping other business people to fund out what being a business banking customer at TSB is really like. (I know all banks will have to adopt O.T.C.s by law soon, but why offer a current alternative that won't work?). We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a TSB don't seem to understand small business an seem more keen to grab market share than update their systems and processes, simple things like setting up a small overdraft take weeks and need unnecessary amounts of... Read more. What a joke hey? The log in details ask for the same thing over and over again, process application. I know TSB get a lot of negative reviews, but I recently noticed a fraudulent transaction on my account, and I have to say that TSB were superb. A sham of a bank. personal data. I'm closing my business bank account after experiencing first hand how awful they are. Do not go to TSB Business Banking if you are opening your first business account. Most of the big high street names offer a range of business bank accounts. Saddly dealt with some very unhelpful staff which has led to things that should have been dealt with easily enough turning into very frustrating experiences. I got their call today. TSB offers a range of banking products to its customers, which includes a business account. TSB Reviews and Ratings. Ulster Bank, part of the Royal Bank of Scotland group, has 146 branches in the Republic of Ireland and 90 in Northern Ireland. Another: despite my wife and I both being named on our joint account, only my name shows up on a statement printed from on-line banking. 8. Balance Transfer Credit Cards: how do they work? . For example, something as simple as printing off a list of a customer's Direct Debits/Standing Orders can no longer done in the branch - why?. When you open a TSB Business Plus account you will receive a 25 month introductory period where the account is free, as well as a Square card reader where the first £1,000 is fee-free. They have failed to act on the Ombudsman decision awarded in my favour 6 months ago. You've already flagged this ... Read 1 more review about TSB they do not care you busy or what so ever, After that you’ll be paying £5 a month which will be waived if your average balance over that month is £10,000 or more. Firm registration number 654425. You can also take advantage of the Business Banking Switch Scheme if you’re an exiting customer of RBS or NatWest, meaning you can get a further incentive when you move. It is appalling to keep adding interest to a dormant account that no one has accessed at all since TSB made the autopayment a year, before as they had failed to close it. Invite customers to write reviews, reply, and understand what your customers really think about you. There is plenty of support to be found online for TSB, alongside speaking to a representative on the phone, or visiting your local branch to get further questions answered. Concentrating on consumer credit products, Robert writes informative articles that Quick & easy comparison. Filter by: Filter ... Account review Easy to use, where ever I may be. I proved my identity and was told it would be 2 days. They did not close it and stated they did not receive my letter which i do not believe at all. If you need a safe pair of hands with plenty of support, you will find TSB to be a user-friendly banking establishment, allowing new businesses a bit of breathing room while they focus on other setup costs. For cash withdrawals and card payments you will usually have to pay 2.75% charge when you’re outside of the UK. I had my debit card sent, as well as my checkbooks, but the account is currently not yet usable. Save your time and money and don't apply for a business account at TSB. My Business bank account blocked by TSB without any notice. Reply. It's identical to the Classic account in all but one detail: a 3% AER (variable) interest rate on in-credit balances up to £1,500. highlight some key points below. Each account comes with a: Firm registration number 458914. Tide was brilliant. Instant access savings only. My business account has always been healthily in credit too. Decent product from an everyday company. We also have relationships with a number of BTW, I have written this while waiting on the 'phone for TSB customer services to answer - it's been over three quarters of an hour - "we'll be with you soon". TSB returned as a standalone high street bank nearly 20 years after it was snapped up by Lloyds in 1995. RFIs are being issued by … No one to handle it for 2 weeks. info Tide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). credit broker. The use of technology was excellent and made the whole process so convenient and easy to follow. After speaking to the support team numerous times, I have just been continuously told there are some final checks going on and the account should be live soon. Would thoroughly recommend. These include: Bank of Scotland, Barclays, Clydesdale Bank, HSBC, Lloyds Bank, Metro Bank, NatWest, Royal Bank of Scotland, Santander, the Co-operative Bank, TSB and Yorkshire Bank. I got their call today. Don't let TSB get away with lies and poor service, take it to the ombudsman, they need to be shut down. I resently contacted them to open a new buissiness account what a mistake ! Would you like to open a new TSB business bank account? how you want your data to be used as explained here. The accounts include an exclusive account for the Federation of Small Businesses members, standard business accounts, cash tariff accounts, new customer offers, and community accounts. Never had any problems or issues and the fees are explained from the start. TSB offers an attractive business bank account that is perfect for brand new businesses who would benefit from 25 months of no fees, or existing business owners looking to cut costs by switching. ... Read more. Check out our business banking tables using the button below. Its standard current account '1st account' doesn't offer any cashback or credit interest. Over 4 weeks ago I applied for a business account with TSB. If you did not have a TSB Business Current Account on 1 March 2020, we will need to see additional documents to show your business was trading before then. 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