Lloyds Banking Charges - anywhere better?

[elise2000]

Hi

I have a few businesses with lloyds business accounts.

I've just received a letter of new charges for one of the businesses:
Monthly charge going up to £8.50 from £7 (fine, that's life, I'll cope)
Making or receiving BACS payments - now you get 100 free per month, then it's 20p each!
Paying cheques in - £1 in branch or 85p if using the app
Cash paid in - £1.50 per £100

Are these charges for all businessess so my other two companies can expect a letter shortly?

The new charges (especailly the BACS one) would appear to be taking the pi**.

Any better banks out there (still with a high street presence ideally)

Thanks

Edited by elise2000 on Thursday 9th May 09:20

[Geoffcapes]

I'm with Santander, and I don't have any of those (except the monthly fee).

[elise2000]

Geoffcapes said:

I'm with Santander, and I don't have any of those (except the monthly fee).

Thanks. How much is the monthly fee?

[Silverage]

I pay £7.50 per month with Santander.

[robdcfc]

Starling

Chqs up to 1k take a photo, over you post to them. No charge
Cash 70p per 100 at post office
transfers etc no charge
No monthly fees

[knk]

Monzo. Free business banking.

[Silverage]

I don’t think I’d like to be reliant on one of the challenger banks for my business.

I have an account with Tide that’s paying 4.3% on money that was earning nothing with Santander, but that’s as far as I would go.

[Ham_and_Jam]

If you need to pay in any significant cash, be careful with any accounts that rely on the Post Office.

Most have limits of around £12k per year.

[TownIdiot]

Silverage said:

I don’t think I’d like to be reliant on one of the challenger banks for my business.

I have an account with Tide that’s paying 4.3% on money that was earning nothing with Santander, but that’s as far as I would go.

If you have complex requirements I can see your point but the challenger banks only focus on small businesses.

In the last two weeks I have had two transactions fraud checked.

The one with Barclays took 4 working days to sort out.
Monzo was all done in the app and sorted within 5 minutes.

On a personal level I use Monzo for day to day transactions in preference to a "private" bank.