The Best Business Bank Accounts in the UK | Top tips on How to Choose the Best Business Bank Account
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- čas přidán 11. 07. 2024
- I share with you the best business bank accounts in the UK for Amazon Sellers and my Top Tips on how to choose a business bank account for your Amazon Business. 💰✨👍
📍 Best Bank accounts in the UK for Amazon Sellers - fasttrackfba.com/best-banks-f...
Intro - 0:00
The Best Business Bank Accounts in the UK? - 1:31
Natwest Bank - 2:53
Lloyds Bank - 4:04
Santander Bank - 5:11
Starling Bank - 7:04
Top tips on how to choose the best Business Bank - 8:43
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About this video: Amazon, Online Arbitrage Business, Arbitrage Business, Amazon Business, work from home, selling on Amazon, sourcing for amazon, d, retail arbitrage, online arbitrage, Amazon fba, fba, Amazon fba sourcing, amazon 2020, amazon fba strategies, top tips, Thomas Parkinson, FastTrack FBA, Fast Track FBA, how do people make money on Amazon, Amazon arbitrage, Top Tips to Increase Profits and Sales for Your Business, Amazon Online Arbitrage, The Best Business Bank Accounts in the UK , Top tips on How to Choose a Business Bank Account
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📍 Best Bank accounts in the UK for Amazon Sellers - fasttrackfba.com/best-banks-for-amazonsellers-in-the-uk/
👉 Join our Facebook Group - fasttrackfba.com/facebook
👉 See our service here - www.fasttrackfba.com
👉 Email us - marketing@fasttrackfba.com Top Tools, Software, and Resources
👉 VA Academy - fasttrackfba.com/virtual-assisstant
👉 FBA Mutil Tool* - fasttrackfba.com/fba-multi-tool
👉 Keepa - fasttrackfba.com/keepa
👉 Amazon FBA Supplies *- fasttrackfba.com/amazon-supplies
👉 Repricer Express (Auto Repricer)*- fasttrackfba.com/repricer-exp...
👉 Seller Board (Know your Profit) *- fasttrackfba.com/sellerboard (2 extra months free trial)
👉 Where we advertise for VA's *- fasttrackfba.com/onlinejobs
Starling business is pretty nice, they even tell your payments a date before it comes.
Hi very helpful video thanks. What do U think about Halifax ?
Hi Rich, I haven't used it yet sorry.
Hi Thomas. Thank you very much for very informative video. How to open UK bank account for non-UK residents & which UK banks allow this? The purpose is to become an Amazon seller. I would be grateful if you could advise this. Thank you.
Hope this article helps - chacc.co.uk/general-blog/can-a-foreigner-open-a-bank-account/#:~:text=If%20you%20are%20a%20non%2Dresident%2C%20you%20can%20open%20a,of%20address%2C%20and%20a%20photograph.
Do you have a video on ‘Top Tips for doing your accounting’ you mentioned to keep business and personal separate etc
Hey, check this video czcams.com/video/NmX0ZMRHBdY/video.html 🙂
Regarding big 4 banks, I have found that there is a lot paperwork and hassle involved in setting up a business account, But this is not the case with Metro Bank which make the whole process much easier and and provide great personal one to one service, in my experience.
Yeah you're right mate. Business Bank accounts really has lots of processes to open
If you are in the U.K. as a Ltd company would it be a good idea to have a say TransferWise business account or should I do it with a Local bank? I am asking if there will be any repercussions regarding brexit etc etc
Hey, good question. You can use Transferwise business account but having a local bank account has benefits such as credit cards and overdrafts which Transferwise didn't have. 🙂
Hello, thanks for this video. I have a LTD business registered in the UK but am not a resident of the UK. Can I still open a business account with these banks you mentioned?
It depends on their policy. You can try to contact them directly.
Hi thank you, is there any charges on the Santander business account?
Around £7.5 a month mate
I have a question please what If my company is both on educational and trading sic codes will one business account will do or will I have to open multiple business accounts please advise thank you
I advise you to make a new business account. Amazon is very strict in this kind of information.
Would it be a big trouble to change my main business account with amazon from Revolut to a a Normal say Santander?
Hey, good question. It shouldn't be a big trouble but we advise you to notify Amazon first through seller central and make sure you have the copy of your bank statements before you do it in case they ask it to you. 🙂
Hi Thomas, great video about bank accounts. I've recently opened a business bank account with a high street bank in the uk, I tried to apply for a credit card because I need one to register it with amazon seller account, unfortunately they are not taking new applications. What would you advise?
Have you asked why they refused your application?
@@FastTrackFBA Thanks for your response, technically I did not get refused a credit card from TSB, the response I received was, we are no longer accepting new credit card applications and we are discontinuing TSB Credit Cards for existing customers from 11 May 2021.
What would you advise I do?
@@sajayub9802 You can use a debit card or simply try with another bank
@@FastTrackFBA I was always under the impression to open an Amazon seller central account you need a credit card not a debit card.
Hi, these days it seems to be problems with those businesses account opened with Wise, Starling, Tide as they are not enrolled in PSP. I have opened a business account with TransferWise last year, I have been verified and now appears with an exclamation mark. Today I have got an email from Amazon UK which ask me to update the card from “Replace charge method” because the ability to create listings has been disabled until I replace the card. I mention that I already have enrolled my Wise business account on there, ( for monthly subscription and any other payments for my Amazon business account), but they ask me to replace with an existing card that I have there but those other are my personal banking card’s registered for ages doing shopping on Amazon. Could you please advise me if I have to open a new business account to replace the TransferWise which is not in the PSP programme?
It is good to register to Starling or even better to Virgin Money?
I am mentioning these two as they don’t charge any monthly fee.
BY the way!
What about Pyoneer?
they are now enrolled, try now
Do join our FREE community www.fasttrackfba.com/facebook
Hi, I also have a Santander Business bank account. Can I ask how you verified your bank account on Amazon please? Santander only post their certified bank letters and don’t offer them digitally… Did you take a photo of your letter and submit it?
Yes, we did submitted a photo
Does anybody know if there's a bank which is accepted by Amazon FBA without any problems and no charge for each transaction? It would be useful if you mention how much they charge after the free period and especially how much they charge per each transaction as that's the main thing for me personally and I believe for all fba sellers too. For example Tide is free but charges 20p every transaction so if I sell for example 1000 that would be £200 !
Try Wise! We use it every time
@@FastTrackFBA for Amazon FBA? I had trouble setting up a business account on amazon trying to use a Tide account
Hi I'm preparing to set up an Amazon proffessional account. I've set up a business account with HSBC and applied for a credit card but I was rejected. Do you know how could I get a credit card and even if I get it I need a statement from a credit card right ?
It depends on the provider. Have you asked them?
Hi if I get world first business acct. do I still have to apply for credit card? Or is world first business account enough to register amazon seller acct?
I am not that aware sorry, have you talked to the bank?
Can you use Revolute business bank account for amazon in UK?
I dont know. I have not tried. I know a lot of people wanted to use revolut for EU payments but as Revoluts, EU paymetns account IBAN number starts with GB, then Amazon would payout in GBP not EURO, so you would pay double conversion
Hi Thomas.
hi
Do you know if amazon accept Monzo business account? Thanks
Hey, we don't really have an idea but what matters to Amazon is that the information in your bank account is 101% accurate to your Amazon details due to security.
Now that the UK has left EU officially and EFN is a distant memory what is the point of Transferwise and Revolute to transfer Euros to your UK bank account? Not talking about PAN EU or EU MF just the European Fulfilment Network itself? Thanks
No not really as far as I can think of
@@FastTrackFBA So if there is NO point to Transferwise or Revolute would you recommend closing them down? Thanks.
@@mdeds no because they are great to pay VAS and they cost you nothing to have
@@FastTrackFBA Thanks 👍
You sound like Greg secker
If you’re operating as a limited company my understanding is you need to have a business account.
Thats correct you should have a business account for your LTD, although Sole traders might use a personal bank account
Hi Alex, you should give Bofin a try for business accounts. They offer business accounts for ltd, sole trader and different types of business. I have an account with them and they processed my business application within 24 hours and with no fees.
I got mettle from NatWest but Amazon is not accepting it
That's unfortunate to hear mate. But hang in there!
Hi Thomas. Thank you very much for very informative video. How to open UK bank account for non-UK residents & which UK banks allow this? The purpose is to become an Amazon seller. I would be grateful if you could advise this. Thank you.
I am not sure, sorry