You’ve probably heard me talk about the benefits of having numerous bank accounts tonnes of times before and we help many businesses set up this system.
However, when we are working with clients who understand these benefits in their business to ensure good cashflow, the thing that should be the easiest to do is usually the hardest ….
Setting up the bank accounts with their bank!!
Many of the high street banks don’t understand why business would want more than one bank account, and if it is allowed many of them charge business bank fees for each account when there is just no need as they can be savings account types.
What you need is forward thinking online business accounts (such as Mondu, Starling or Tide to mention a few).
You can have all your bank accounts with them or just use them for the saving type accounts you need to run a profit first business.
Everything could be done from within a mobile app and it should link perfectly with accountancy software such as Xero.
