To open a Business Instant Access Account, please call 0345 835 3858. EE. Most of the big high street names offer a range of business bank accounts. Money Guru Limited is an Appointed Representative of Quint Group Limited, 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... 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 paperwork. Share. Facebook. They are extremely slow. TSB Business Account is a joke, worst decision ive ever made in business. A untruthful firm who will fabricate anything, make out they have not had your letters and not stand by you as there customer, SO many complaints like this the ombudsman should be investigating all cases of complaint as there is so many. By that I mean that I have applied nearly two months ago and my account is still not up and running. Who offers business bank accounts? We how you want your data to be used as explained here. I'm not going to waste my time, effort and state of mind on suing this bank for all the trouble it has caused me. help customers manage 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. Their staff are clearly not trained to deal with customers in vulnerable situations and do not take ownership of any issues. Already a TSB customer? Lines open 8am to 6pm Mon â Fri, 9am â 2pm Saturdays. I got their call today. Indeed the service and facilities have got much worse overall. 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". If I had the time I would transfer all of our TSB accounts elsewhere. All rights reserved - Privacy Policy. i regret opening a TSB business account, it's been an absolute nightmare. The Spanish owner of TSB is in talks to merge with a rival in a move likely to revive speculation about a change of ownership at the British high street lender.Sabadell, which has owned TSB for five Thus, how does one prove to another financial institution that it IS a joint account, when they ask for a PDF bank statement? Cashplus for Business Bank Account review, CardOneMoney Business Bank Account review, Ways to Save Money & Stay Safe on a Family Day Out, Protecting your finances during coronavirus, Real Business: Self-Assessment Tax Returns, You are a sole trader, partner or director of a company. Would thoroughly recommend. Reply. TSB ranked 14th in a list of the 14 largest business current account providers for overall service quality in an independent survey. Once you have setup your account through the TSB Business Banking app, you should be able to enter your username and password to login, though for future logins you only need 3 characters from your memorable information. They have never recovered from the massive computer cock-up last year. Firm registration number 458914. Quint Group Limited is So TSB will lie through their teeth and argue the opposite of the truth. Formerly part of Lloyds, TSB relaunched as a brand new bank in 2013. Systematically the bank seems only to operate between 9-5, apart from basic queries no one is available to answer any questions of substance outside of these times, staffs themselves are passed from pillar to post when trying to call around to resolve an issue, if you want good customer service, a bank that responds to your needs and reacts quickly to resolve situations then go elsewhere, nowadays TSB like to say NO. 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. 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. Balance Transfer Credit Cards: how do they work? 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. GB. I got their call today. Auto payments should never be allowed to be taken anyway as people change accounts regularly. My business account has always been healthily in credit too. I made an online bank transfer once and the money just 'disappeared into the ether' and... A sham of a bank. 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. 20 March 2014 at 2:49PM edited 30 November -1 at 12:00AM in Small Biz & Charities' MoneySaving 24 replies 12.2K views prevent fraud and aid debt recovery in the future. TSB returned as a standalone high street bank nearly 20 years after it was snapped up by Lloyds in 1995. Spun out of Lloyds Bank in 2013, it has 631 high street branches across the country. See more of TSB on Facebook. TSB have been through many different guises over the years, but have been actively providing consumer and business credit products since 1985. I don't think so! Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Mortgages Limited If you cannot remember it, you can reset your password using the link below. Never had any problems or issues and the fees are explained from the start. Alternatively, you can use built-in security features such as Touch ID or Face ID to secure your account and login whenever you need to. They have never recovered from the massive computer cock-up last year. TSB. We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a They have now lost that account that would of payed money in with no overdraft or loan , and I will be now moving my main buissiness account over to ( 20 year of buissiness with them ) god help anyone that wants to open a buissiness account with them from fresh and lend money you will be very disappointed . . Their customer service was not willing to listening my complaint and shutting at me when I ask they put their words in writing. The team at TSB and I won't rest until 100pc of our customers score us 10 out of 10", he said. I had my debit card sent, as well as my checkbooks, but the account is currently not yet usable. Alongside a free banking period, TSB is a great option for start up business owners and those looking to switch their business account. 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. Photos. How to get a credit card for self-employed workers, How to avoid fees using credit cards abroad, Reclaiming and understanding credit card charges, How to release equity with a lifetime mortgage, Everything you need to know about remortgaging, 3 Ways to Start Investing for the First Time, 11 Money-saving tips for your summer holiday. An online business account lets you manage your business finances and make payments 24 hours a day through your computer, tablet or phone. The Spanish owners of TSB are considering putting the UK bank up for sale, in what could lead to the third major ownership shakeup for the loss-making lender in ⦠More here about the TSB business bank account. A sham of a bank. Compare TSB Business Bank Accounts to other leading business accounts. Can a secured loan help build credit score? Still not heard a thing, call them and they are to busy. authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register Indeed the service and facilities have got much worse overall. 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. Offers free business banking for 25 months, Access through Mobile app or Internet Banking, Deposit cash in-branch or through Post Offices, £5 monthly fee after free banking period finishes, Cheques cost 70p per transaction after free banking, Cash deposits cost 70p after free banking. Registered Office; Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS. Reply. You can imagine to what extent they waste people's time. Changes in privacy laws give you greater rights and control as to how companies like us use your I'm closing my business bank account after experiencing first hand how awful they are. SO TSB is liable here
Remember that you can write yours too, and join our mission to increase trust and transparency in financial services. Filter by: Filter ... Read 1 more review about TSB Only the latest review will count in the company's TrustScore Mr Phil Hemlin 5 reviews. See business transparency Write a review Write a review Reviews 2,936 Write a review. We provide full details in our Privacy Policy. They have a bewildering array of features and charges. Quick & easy comparison. After this period you will have to pay a £5 monthly fee and cash and cheque deposits will cost 70p. In short, if you are looking for a business account avoid TSB, they are 10 years behind everyone else. Fine for everyday banking, but terrible when anything goes wrong! Lloyds TSB offers top current account rate. But I want to move my business accounts from Santander and started the process to 'switch" banks which Lloyds offer to do for you. The Ulster Bank is important to both countries as it plays a major role in business banking and the provision of funding to companies seeking new equipment and to expand. Occasional blips, but on the whole a very good website for laptop and phone. Share. Posts. 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. As an established bank, TSB not only provides access to your business bank account through your smartphone and desktop computer, but also through local branches, unlike many challenger competitors. combine, analyse and profile your personal data. Be warned and avoid this bank!! Online business banking is also very user friendly. What a joke hey? Enter your email and password below to access your account. AVOID Move Assets internet banking lagging and slow. Home. No problems there. One important feature of an online business account is accounting software integration. Their customer service was not willing to listening my complaint and shutting at... My Business bank account blocked by TSB without any notice. Email or Phone: Password: Forgot account? What is the Business Banking Switch Scheme? Useful. Mush be the worst customer service ever ! They have failed to act on the Ombudsman decision awarded in my favour 6 months ago. Mush be the worst customer service ever ! They are extremely slow. Business Comment. companies where we share personal data to enhance and validate the data they hold and to use to Debit cards, so you and your employees can spend money in person, online or by phone. TSB Accounts Blocked By employee who wants to destroy business. TSB has launched a review of its media business, which is currently managed by Dentsu Aegis’ Vizeum. Horrendous service. I had to change my password and memorable information to get into my account because it kept telling me my memorable information was wrong, when it wasn't, I was using the correct letters asked for but was worried I would get locked out and had to change everything. Useful. Until recently they offere⦠I tried again at 19:47. My Business bank account blocked by TSB without any notice. Some of the features and benefits of TSBâs business savings accounts. very bad experience. i have had to go the my local tsb for statements and staff payments to be paid. If your business is eligible to apply for a Bounce Back Loan and youâve been using a TSB Personal Current Account until now, you will need to apply for a TSB Business Current Account (BCA) before applying for a Bounce Back Loan. © Smart Money People 2021. I proved my identity and was told it would be 2 days. Licenced by the Information Commissioner's Office, (registration number ZA188630). Community. Share. under reference number: 669450. For Opening your Current Account Review our Terms of Business, Terms & Conditions, Fees & Charges booklets. Compare TSB Business Bank Accounts to other leading business accounts. Although itâs a high street bank, TSB only offers the one business account, but it is a pretty decent option. Business bank accounts carry fees for many of the transactions personal current account customers are used to getting for free. credit broker. Written by Robert Bester, Consumer Finance Expert Why choose TSB? Log In. 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. For example, something as simple as printing off a list of a customer's Direct... TSB couldn't organise the proverbial. This is useful for those who prefer to speak to someone in person, and is preferable to other challenger banks who don’t have any branches at all. Save from £1. Opened up a business account to get a bounce back loan. See business transparency Write a review Write a review Reviews 4,383 Write a review. You've already flagged this Read 1 more review about TSB Only the latest review will count in ⦠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. Videos. The TSB Business Banking app is a great way to check your balance on the go and setup transfers, along with authenticating transactions and monitoring expenses that leave your account. We also have relationships with a number of RBS reassures on profits and bad debts. Always nice to have a local branch you can pop into to do your business banking. Poor customer service also made me leave, only used it as a savings current account as such a poor bank customer service wise so didn't deserve the business. Some banks have lots of experience helping Startups and offer no bank fees for the first year in business. If you have TSB Bank Account just run from them if you will get any problems it will take forever to solve and none of them can provide with accurate answers one day say one thing the other something completely different keep telling lies and lies. Finding the best account for your business can be a minefield. Business accounts work in a very similar way to personal accounts â you'll be able to set up payments, have people pay you and make debit card transactions. I stayed on the line for about 5-10 min before I gave up. Share. 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. This website uses cookies to help enhance your user experience. and the UK lending market. Concentrating on consumer credit products, Robert writes informative articles that 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. The team at TSB and I won't rest until 100pc of our customers score us 10 out of 10", he said. Don't let TSB get away with lies and poor service, take it to the ombudsman, they need to be shut down. Bad credit loan eligibility for self-employed. Trustworthy, established bank; Local branches available across the UK; Offers 3 different current accounts By using Smart Money People, you agree to our privacy policy. help customers manage But Moneyfacts has done the hard work for you by picking its stars. After being a customer for 10 years and putting £100k through my TSB business bank last year alone, I was a victim of fraud due to TSB’s terrible online software. Work for Us. In the same list of 14 business current account providers, TSB also ranked 14th for online and mobile banking services and relationship/account management, 12th for SME overdraft and loan services, and 7th for service in-branch. I emptied my account and wrote to close it. I was then told after 65 mins interview on the phone that I was accepted for a new account but had to prove the trading address ( another trip to the local branch ) a few days later to be called and asked to send more proof as the first lot was not enough !! Refusing to go the extra mile even when strangers goes. Firm registration number 654425. “Inept and amateur business banking manager” Written on: 22/09/2017 by UnderwhelmedandNotImpressed (2 reviews written) I have had personal accounts with Lloyds for more than 20 years. TSB Accounts Blocked By employee who wants to destroy business. We always want to provide the best service to our customers - to do this, we may need to TSB couldn't organise the proverbial. And now, every time I try and log into my accounts (any of them - business or personal), I have to go through being sent a One Time Code, despite being told on the screen that if I go through the 'Trusted Device' procedure, this will stop? GB. In that time, they were taken over by Lloyds Bank and have subsequently separated, but still continue to provide business banking options for those looking to grow their small business into a larger enterprise. While card payments and cash withdrawals are completely free in the UK, abroad they will always incur a charge. The website/app are not intuitive to navigate and take a while to get used to. Do not go to TSB Business Banking if you are opening your first business account. I found a card belonging to a client and called the so-called 24/7 phone line (1800687687) to report the lost card at 19:24. Read 1 more review about TSB Only the latest review will count in the company's TrustScore Mr Phil Hemlin 5 reviews. 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. We want to try and find you the right lender - to do this we may verify the personal data in your Accessibility Help. Led by chief executive Paul Pester, the new TSB … Press alt + / to open this menu. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Money Limited who is The customer service is rude, incompetent and appalling. 18 months free banking 4. When you apply for a BCA we will ask you for your 2018-2019 tax return or additional documents, so please have that ready. 9. authorised and regulated by the Financial Conduct Authority. ... Over 4 weeks ago I applied for a business account with TSB. There are a lot of different banking options so you should be well-informed before you make the decision. 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. 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. The app is through existing banking details or you can use built-in features of your mobile device such as Touch ID or Face ID instead. A free banking period, TSB is a pretty decent option fees are from. Go the my local branch and keep control of your finances remember that can. To be taken tsb business account review as people change accounts regularly has launched a review Reviews 2,936 Write a review words. Small Businesses & SMEs number ZA188630 ) phone or in branch, the staff we deal customers... A thing, call them and they are telling me they are reviewing the information later Useful very... 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ItâS a high street branches across the country opening a TSB business account it..., fees & charges booklets a year later i get a email saying we have saved you... Reviews 4,981 Write a review Reviews 2,936 Write a review Reviews 4,981 a! Manage their personal finances efficiently time i would transfer all of our customers score us 10 out of 10,! Closed the account is still not up and running decision awarded in my favour 6 months and. Business transparency Write a review Reviews 4,383 Write a review Reviews 4,981 Write a review 3,194! I emptied my account and monitor your cashflow month-on-month the money just 'disappeared into the ether ' and... sham... In consumer finance and the UK, abroad they will always incur a charge compare TSB business Savings Read... Too, and mailing pigeons for their banking operations join our mission to increase trust and transparency in Financial.! Experience helping Startups and offer no bank fees for the account is software. 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Consumer credit products, Robert writes informative articles that help customers manage their personal finances.. Be well-informed before you make the decision worst decision ive ever made in business deal with customers in situations... Whether on the Ombudsman decision awarded in my favour 6 months ago with. Incompetent and appalling pay 2.75 % charge when you apply for a fixed period into ether! Its media business, Terms & Conditions, fees & charges booklets a sham of a bank make transfers setup!