Ditching Traditional Business Bank for Modern Online Banking

[Cadder]

Lloyds is doing our heads in. The card reader method for moving money, the outdated methods of changing information and so on. I have just filled in a change of business address form that doesn't have a box for the new address..

These traditional methods aren't working anymore, especially with branches closing. I like the idea of a more fresh modern bank that has thought it all from scratch and not just clagged things on to an old system. I want a smooth and easy experience with banking - which doesn't necessarily make it less secure. This applies in reverse too, the complicated traditional methods don't make it more secure.

So to my main question: Have any business owners here in the forums switched from a traditional bank (Lloyds, Natwest, Santander etc.) to a modern bank such as Starling?

Also please mention your experience in this.

 

[Cadder]

We got annoyed with Lloyds' charges and lack of helpfulness so we changed to Starling Business (I had already been a personal user for ages). It is much cheaper (unless you pay cash in) and there are lots of helpful features for attaching pics of receipts/invoices/etc to transactions. It's a no-brainer in my opinion.

This is what I was hoping to hear. Thank you for posting your experience. We never pay in cash so this seems ideal for us.

Appreciate yours also @MadMossy - it's showing how these new online banks are changing the scene.

 

[Cadder]

@Tuppy_Glossop I forgot to ask - how easy was the switch? I need to change our business name and address (we rebranded and moved). Reckon I can switch before changing that?