Any suggestions for UK businesses - program seems quite American

[Mike or Penny Novack]

On 11/25/2016 9:13 AM, Dr. David Kirkby - Kirkby Microwave Ltd wrote:

>
> The business account for my company
>
> * Pays no interest - some business accounts might, but mine does not.
> * Does have a cheque book, although I have never used it.
> * Has a debit card, in which one can make transactions just as any 
> normal debit card
> * No overdraft facility - easy to get if I wanted one, but I don't 
> have the need.
> * Can transfer money from the current account, to other customers 
> accounts, given their account number etc.
> * Does allow transfers to be made in other currencies, although the 
> currency of the bank account is GBP.
a) In the old days, used to be common (business accounts) to be paid 
interest but be charged fees for checks and deposits. I'm old enough to 
remember that. Nowadays often different. May pay interest, may be charge 
fees (if balance falls below some specified amount).
b) has a check book
c) these days usually has a "debit card"
d) I addressed this with you off line as our "overdraft" provision 
usually quite different than UK
e) not sure what you mean by "other customers". Here you can specify an 
"electronic check" if your know the destination routing number and 
account number or authorize an electronic draw (one time or on a  
regular schedule). No need to be accounts at the same bank, which is why 
I am confused by "customer".
f) almost always a stiff fee plus percentage for this making impractical 
for small amounts

Michael D Novack