What banks do you other UK guys use? Im finding problems getting a new account setup and would be good to know who is best and who causes problems with adult..
I had my personal account with them for years, and when I got in to this biz I had a chat with my then bank manager, as I wanted to find out costs for US$ checks. He told me his brothers best friend was in the adult biz and had made a fortune and we joked about it all..... I may have been lucky...
If ypur concern is also the charges for banking US checks, get who ever you go with to open a US$ acct. at the same time. This costs £100 a year to run with HSBC but... Then there are no charges for banking/exchange when I transfer to my current acct. I just get the exchange rate at the time. Considering you can pay from £5 per check to pay in to a regular current acct, the £100 is nothing.
I'd be careful of HSBC, they have instigated a global policy of not doing business with adult-related companies - web sites, dvd publishers, etc. They are not taking new clients and are insisting existing clients move to other banks.
I suggest you start looking for a new bank , Joe, since it is only a matter of time before you are asked to move.
We're with LloydsTSB. We explained our business and they were not concerned beyond the usual "is it legal?". USD cheque negotiation is at pretty good rates (for a business account). Around £8 per batch under $10k roughly, I think.
Get an account setup with Lloyds TSB, they're the best by far.
When I first started in adult back in 96 my bank manager came to see me and spent the afternoon surfing my sites
They charge £8 per batch of cheques or free if you have over £2000 in your account (Gold Account)
The phone and online banking is excellent and the offshore banking is even better as you get Sterling, Euro and Dollar accounts
My burfday tomorrow (13th) and I'm having a party which is being filmed for UK tv channel 4... Do you wanna come. It's part of the documentary being made about my little Sahara
As for HSBC... It's all run through my personal acct. so all I do is get the odd wire and pay in checks... No other involvement with the adult biz.. This money could come from anyone, anywhere but thanks
Originally posted by richrealm I'd be careful of HSBC, they have instigated a global policy of not doing business with adult-related companies - web sites, dvd publishers, etc. They are not taking new clients and are insisting existing clients move to other banks.
I suggest you start looking for a new bank , Joe, since it is only a matter of time before you are asked to move.
We're with LloydsTSB. We explained our business and they were not concerned beyond the usual "is it legal?". USD cheque negotiation is at pretty good rates (for a business account). Around £8 per batch under $10k roughly, I think.
lloyds stopped me depositing US cheques directly into my business account and forced me to open a dollar account. this costs me about £60/year + usual fees. the only benefit i get from this is being able to transfer across to my sterling business account when exchange rates are good.
Originally posted by djhits RBS - i get charged £3.50 to £7 per batch of cheques i bring in , get cashed into my account the next day.
excellent service never had one problem and they know what i do.
I always get charged £7 for each cheque, and they said that it didn't matter if i took in 5 cheques at a time, i would still get charged £7 for every one...
I Buy My High Quality Traffic Here, You Should Too!
Originally posted by Scott McD I always get charged £7 for each cheque, and they said that it didn't matter if i took in 5 cheques at a time, i would still get charged £7 for every one...
haha , ouch have a talk to them i go in every couple weeks and ive never been charged more than £7 per batch usually i go in with 6-10 cheques
Originally posted by Scott McD I always get charged £7 for each cheque, and they said that it didn't matter if i took in 5 cheques at a time, i would still get charged £7 for every one...
Man that sucks !!! My bank don't charge me for checks hehe
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