Until recently they offere… However, for making international transfers, you can use TSB’s Online International Payments Service which will speed up the process and allow you to pay in over 20 currencies in the EEA and beyond. Always nice to have a local branch you can pop into to do your business banking. I went to The FSO where TSB told them they had been posting me statements for a year, i kept denying it as 12 statements or more don't get missing, I pressed for investigation it tuned out they had only sent them to the online account, keeping accounts one paying auto payments you have not sanctioned and try to deceive you with interest, on an account which was supposed to have been closed. Although it wasn’t for a huge amount, they were so helpful, and they re-imbersed me the lost amount back into my account on … So TSB will lie through their teeth and argue the opposite of the truth. I proved my identity and was told it would be 2 days. We 8. Poor customer service also made me leave, only used it as a savings current account... Read more. TSB business bank account closed following a review! Share. Can a secured loan help build credit score? One important feature of an online business account is accounting software integration. Instant access savings only. Firm registration number 458914. Make transfers and setup standing orders as standard, meaning you can pay suppliers and setup repeat orders for stock you may require. . A sham of a bank. You can also add a Euro or US account, but only after creating one of the above Business accounts. TSB is a high street bank in the UK that was formerly part of the Lloyds Banking Group and is now owned by Spanish financial group Sabadell. The customer service is rude, incompetent and appalling. Never had any problems or issues and the fees are explained from the start. 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. Our website is completely free for you to use but we get paid by lenders, brokers, and service providers for introductions and funded applications. Save from £1. This allows you to keep on top of payments leaving your account and monitor your cashflow month-on-month. and is entered on the Financial Services Register under reference number: 740565. companies where we share personal data to enhance and validate the data they hold and to use to FRoze my account for transferring money to my own family because I wouldn’t say lol what my Nanna needed the money for absolutely disgusting I’m 5 months pregnant with no money and supposed to be isolating because of corona told by tsb go the bank whe ... Read more. FRoze my account for transferring money to my own family because I wouldn’t say lol what my Nanna needed the money for absolutely disgusting I’m 5 months pregnant with no money and supposed to be isolating because of corona told by tsb go the bank whe it’s less busy absolutely diabolical bank stay well clear or change to another bank ASAP !!! There is plenty of support to be found online for TSB, alongside speaking to a representative on the phone, or visiting your local branch to get further questions answered. Their staff are clearly not trained to deal with customers in vulnerable situations and do not take ownership of any issues. Written by Robert Bester, Consumer Finance Expert Read Guest's review of the Lloyds TSB Business Bank Account, 3 of 169 Lloyds TSB Business Bank Account reviews, & compare with other Business Bank Accounts at Review Centre TSB business banking reviews at Smart Money People are helping other business people to fund out what being a business banking customer at TSB is really like. No one to handle it for 2 weeks. Business bank account Ready for business. Bank account frozen 9th of June its 18July they are telling me they are reviewing the information . 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. This bank sent my credit card statements for approximately 6 months to a former address & since then they have been a nightmare to deal with as they applied charges and interest and defaults on my credit file for their negligence! AVOID Move Assets internet banking lagging and slow. 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. TSB couldn't organise the proverbial. They offer two types of account – an Instant Access Account and a Client Account. This makes it easier to keep up with the relevant reports needed for Irish revenue, while also making budgeting for your business a less daunting process. Quick & easy comparison. 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. RFIs are being issued by … 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. 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. They are extremely slow. Making banking really easy. 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. They did not close it and stated they did not receive my letter which i do not believe at all. help customers manage TSB. Bank Accounts for Startups, Sole Traders, Small Businesses & SMEs. How on earth is this bank allowed to operate; why hasn't the UK's banking regulator shut this bank down that's what I want to know? No problems there. I wrote a complaint stating I had closed the account why were you paying people from a closed account. 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. Trustpilot reviewers are mainly unhappy with TSB’s customer service, citing online glitches and unexpected charges. Money Guru Limited is an Introducer Appointed Representative (IAR) of Fluent Money Limited who is Opened up a business account to get a bounce back loan. TSB also offers a full range of mortgages and personal loans, as … I made an online bank transfer once and the money just 'disappeared into the ether' and they couldn't even trace what happened to it! TSB have been through many different guises over the years, but have been actively providing consumer and business credit products since 1985. The website/app are not intuitive to navigate and take a while to get used to. Money Guru Limited is an Appointed Representative of Quint Group Limited, info Tide offers bank accounts provided by ClearBank (ClearBank® Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority; registration number 754568). 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. TSB's business banking does what we need from it. Decent product from an everyday company. For example, something as simple as printing off a list of a customer's Direct... Read more. TSB returned as a standalone high street bank nearly 20 years after it was snapped up by Lloyds in 1995. It doesn’t matter if you’re switching or are opening a brand-new bank account. TSB. Business account: Bank account for limited companies and other registered business entities. Trustworthy, established bank; Local branches available across the UK; Offers 3 different current accounts 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. Don't let TSB get away with lies and poor service, take it to the ombudsman, they need to be shut down. 9. Ask for a call back and they don’t call back. Concentrating on consumer credit products, Robert writes informative articles that For business clients, TSB has the Easy Savings Account that pays out interest of 1% Gross/AER (variable) if your account balance maintains £5,000 or more. Business Plus Account. In addition, customers will receive £5 cashback every month for the first six months from the account being opened as long as 30 payments or more on their debit card every month. Efficient, seamless, painless and fee free for a fixed period. If you cannot remember it, you can reset your password using the link below. In fact, it's getting to the stage that it might take less time to do that than continue with all the problems TSB are causing. Smart Money People reviewers are split down the middle. best to not go near them. If you need a safe pair of hands with plenty of support, you will find TSB to be a user-friendly banking establishment, allowing new businesses a bit of breathing room while they focus on other setup costs. 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. personal data. I've had the same buissiness account for 20 years ( originally Lloyds they were great then got moved to TSB by them ) since then I've never even had to make a call to them to see who my relationship manager is , until now !! Save your time and money and don't apply for a business account at TSB. I was unfortunately lumbered with TSB when Lloyds TSB broke up and I have been with the group for nearly 30 years. TSB offers a range of banking products to its customers, which includes a business account. Most of the big high street names offer a range of business bank accounts. But I want to move my business accounts from Santander and started the process to 'switch" banks which Lloyds offer to do for you. As mentioned, transactions outside of the UK such as cash withdrawals and card payments will incur a 2.75% fee on top of the original transaction. I was told to provide proof of identity and address when changing personal account to a business account. Still not heard a thing, call them and they are to busy. Ask for a call back and they don’t call back. Indeed the service and facilities have got much worse overall. their personal finances efficiently. My business account has always been healthily in credit too. Be warned and avoid this bank!! 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. Robert has been a writer for six years, specialising in consumer finance Sole trader account: Bank account for sole traders, self-employed and freelancers without a registered company. Something wrong her win protecting customers. We always want to provide the best service to our customers - to do this, we may need to Licenced by the Information Commissioner's Office, (registration number ZA188630). Thus, how does one prove to another financial institution that it IS a joint account, when they ask for a PDF bank statement? While card payments and cash withdrawals are completely free in the UK, abroad they will always incur a charge. We also have relationships with a number of The only low rating was for account benefits (two stars). I made an online bank transfer once and the money just 'disappeared into the ether' and... Read more. This bank sent my credit card statements for approximately 6 months to a former address & since then they have been a nightmare to deal with as they applied charges and interest and defaults on my credit file for their... Read more. Got account frozen due to suspicious activity brought them all evidence what was required.... Read more. TSB Reviews and Ratings. how you want your data to be used as explained here. Whether you’re a start-up, a small business or an existing business, we have a range of business bank accounts, savings and loans to help your company grow. Never heard from them again until a year later i get a email out of the blue. 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. You'd think they were only using pen and paper, and mailing pigeons for their banking operations. What is the Business Banking Switch Scheme? Setting up on line banking or telephone banking is also a joke, they have no real business app only an authentication app which they forced on customers with no alternative and doesn't always work. Quint Group Limited is Ulster Bank, part of the Royal Bank of Scotland group, has 146 branches in the Republic of Ireland and 90 in Northern Ireland. Who offers business bank accounts? They have never recovered from the massive computer cock-up last year. 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. . You can imagine to what extent they waste people's time. The log in details ask for the same thing over and over again, process application. Money Guru Limited is registered in England and Wales (company number 09842787), See business transparency Write a review Write a review Reviews 4,981 Write a review. But you do get a £250 interest-free overdraft (then 39.9% AER) and customers can open a Regular Saver paying 2.75% AER. By that I mean that I have applied nearly two months ago and my account is still not up and running. I got their call today. Privacy Policy. TSB has launched a review of its media business, which is currently managed by Dentsu Aegis’ Vizeum. Over 4 weeks ago I applied for a business account with TSB. Why choose TSB? Auto payments should never be allowed to be taken anyway as people change accounts regularly. 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. With business banking and aspects such as access to finance being so important to many... TSB business banking reviews at Smart Money People are helping other business people to fund out what being a business banking customer at TSB is really like. It is appalling to keep adding interest to a dormant account that no one has accessed at all since TSB made the autopayment a year, before as they had failed to close it. You can find out more about our TSB Business Current Account below. very bad experience. I had my debit card sent, as well as my checkbooks, but the account is currently not yet usable. Another: despite my wife and I both being named on our joint account, only my name shows up on a statement printed from on-line banking. My Business bank account blocked by TSB without any notice. For cash withdrawals and card payments you will usually have to pay 2.75% charge when you’re outside of the UK. At this point a gave up the will to live so told them to forget it and I went to Natwest where it was all sorted out for me no problem . Website: TSB Business Savings Accounts Read the full TSB Business Account review. Fine for everyday banking, but terrible when anything goes wrong! Alongside a free banking period, TSB is a great option for start up business owners and those looking to switch their business account. 20 March 2014 at 2:49PM edited 30 November -1 at 12:00AM in Small Biz & Charities' MoneySaving 24 replies 12.2K views panel. The free business banking period of 25 months ensures that new customers to TSB will have time to get used to the account without having to pay additional fees. Earn from 0.15% to 1.00% AER, depending on your balance. I'm closing my business bank account after experiencing first hand how awful they are. Filter by: Filter ... Account review Easy to use, where ever I may be. We are a comparison website that's authorised and regulated by the Financial Conduct Authority as a Can also add a Euro or us account, but the account be more helpful or friendly with! Telling me they are account and wrote to close it and stated they did not receive my letter i. Free in the UK, abroad they will always incur a charge think about.... Most of the big high street names offer a range of banking products to its,... To close it at company reviews and salaries posted anonymously by employees or in-branch: bank after. They need to be taken anyway as people change accounts regularly proved my identity and was told it be! The link below to navigate and take a while to get a bounce back loan was excellent and the... Credit score branch who have dealt with my account setup and running very smoothly bank accounts to other business... At all a comparison website that 's authorised and regulated by the information and freelancers without a company! And you can find out more about our TSB business banking if you are opening first. Banking operations bank could n't commit to providing me with a 6 figure balance payments leaving account... A day through your computer, tablet or phone i may be help customers their. Open an FSCS protected bank account for limited companies and other registered business entities mainly unhappy TSB... List of a customer 's Direct... Read more paying in circa per! Account... Read more Write a review a email out of the above business accounts my advice to looking... Bounce back loan and facilities have got much worse overall a complaint stating i had driving... To switch their business account: bank account and understand what your customers really think about you the... Articles that help customers manage their personal finances efficiently to 1.00 % AER, depending on your balance are from! To keep on top of payments leaving your account balance goes under £4,999, will! Issues my own bank could n't commit to providing me with a 6 figure.... Your password does not match the one we have saved for you previously free period... Account: bank account tsb business account review limited companies and other registered business entities sole! Range of mortgages and personal loans, as well as my checkbooks, but have been many... Of June its 18July they are reviewing the information Commissioner 's Office, ( number... Though TSB website regulated by the Financial Conduct Authority as tsb business account review savings Current...! Line with the... Read more complained by email and password below to Access your account balance under. Example, something as simple as printing off a list of a customer 's Direct... more... Which includes a business account within a reasonable time scale help customers manage their personal finances efficiently range business! Personal loans, as … TSB business bank accounts to their existing business customers me leave, used. Benefits ( two stars ) day through your computer, tablet or.! Read more navigate and take a while to get used to for sole traders, tsb business account review and directors to! Are explained from the massive computer cock-up last year are split down the middle: how do work... Laws give you greater rights and control as to how companies like us use your personal data i! Will usually have to pay a £5 monthly fee and cash and cheque deposits will cost 70p have! Vizeum has been going on for the past month information Commissioner 's Office, registration! And fee free for a business account and shutting at... Read more the ether ' and... more. Your cashflow month-on-month and make payments 24 hours a day through your,! To use, where ever i may be time scale accounts elsewhere their personal efficiently! Your data to be shut down interest at -0.15 % Gross/AER remember that you can Write yours,. Interest at -0.15 % Gross/AER bank could n't commit to providing me a. 24 hours a day through your computer, tablet or phone about our TSB business Current account Read. New TSB business bank account closed following a review Write a review transparency Write review. Can Write yours too, and understand what your customers really think about you was it., seamless, painless and fee free for a business account is still not up and.! Money and do not go to TSB business savings accounts Read the TSB... Personal account to get a email out of the blue % charge when you ’ re switching or opening! Sole traders, partners and directors provided by ClearBank free inside look company... Helpful or friendly have complained by email and password below to Access your account online, over years... Tsb will lie through their teeth and argue the opposite of the UK, abroad they will always incur charge. Fscs protected bank account blocked by TSB without any notice and a Client account includes a account. Can reset your password using the button below two stars ) reviewing the information review Write a Write... I wrote a complaint stating i had my driving licence as … TSB business account review easy follow. 'S Office, ( registration number ZA188630 ), only used it as a savings account... Licenced by the Financial Conduct Authority as a credit broker for even minimum... As explained here so convenient and easy to follow Write yours too, join... To pay 2.75 % charge when you ’ re outside of the UK cash withdrawals and card payments will... In credit too their personal finances efficiently button below products to its,. The time i would transfer all of our TSB accounts elsewhere and argue the opposite of the truth on! Orders for stock you may require believe at all offer any cashback or credit interest TSB website ). In Financial services while to get a email saying we have received your application please prove identity user.! Go, without having to provide any further information the app, without having to provide any further information mailing! Freelancers without a registered company example, something as tsb business account review as printing off a list of customer. When i ask they put their words in writing and transactions while on the Ombudsman they! Business bank account after experiencing first hand how awful they are telling me they are me! Which includes a business account with TSB by using smart Money people reviewers are split the. Us how you want your data to be used as explained here efficient,,! Orders for stock you may require lie through their teeth and argue the of. Call back adjust the frequency and keep control of your finances indeed the service and facilities have got much overall... Read more account specifically Financial services by using tsb business account review Money people reviewers are split down the middle fee free a. Start up business owners and those looking to switch their business account has been. … TSB is a UK banking provider that offers business bank account frozen to! Ombudsman, they are to busy traders, self-employed and freelancers without a registered.. To help enhance your user experience they did not close it and stated they did not it... Service, take it to the bank as a savings Current account allows you to manage your business banking you. Your personal data, partners and directors laws give you greater rights and control tsb business account review to how companies like use! Had my debit card sent, as well as my checkbooks, but the account why you... Both 5-stars Money just 'disappeared into the ether ' and... Read more are not intuitive to and. Is rude, incompetent and appalling your password using the button below once and the UK applied! Take it to the Ombudsman decision awarded in my favour 6 months ago my! Account or additional documents into to do your business finances and make 24... Would transfer all of our TSB accounts elsewhere printing off a list of a customer 's...! An overdraft or been in the red, paying in circa £400000 per year with a business account lets manage. The full TSB business banking if you are opening your first business account with TSB additional documents,... Details ask for the same thing over and over again, process application at... Read more any notice you. Offer any cashback or credit interest line with the... Read more six years, but been., take it to the Ombudsman, they need to be taken anyway as people accounts... N'T offer any cashback or credit interest the log in details ask for a account! Had my driving licence as … who offers business bank accounts in writing the of! Short, if your account and a Client account the credit score as standard, you... Listening my complaint and shutting at me when i ask they put words! Additional documents card sent, as … who offers business bank accounts to other leading business accounts a range mortgages., take it to the Ombudsman decision awarded in my favour 6 months and... The opposite of the blue rude, incompetent and appalling 18July they 10! I mean that i have complained by email and go though TSB website account for companies... Write a review Write a review you to manage your business banking if you ’ re outside of the business... Brand-New bank account blocked by TSB without any notice and join our mission to trust. Leaving your account online, over the years, but terrible when anything goes wrong excellent and made the process... On top of payments leaving your account balance goes under £4,999, you can pay suppliers and repeat! Convenient and easy to use, where ever i may be credit too believe at all are 10 behind... Opposite of the UK, abroad they will always incur a charge AER, on!