UK Webmasters: Which bank do you use? - GoFuckYourself.com

chrism · 09-10-2002, 04:21 AM

My bank (Barclays) has raised its charges so they now take 0.25% of the total value of all USDollar checks I pay in (even though I have a USDollar account). I'm sure I could get a better deal if I moved. Who do you guys use?

Ardy · 09-10-2002, 04:51 AM

If you are getting the cheques in your personal name (ie you don't need a business account) then Citibank offer a US dollar account with no charges for dollar cheques. You get a cash card, or you can run it alongside a Citibank UK Sterling account and move the cash between the two (no charges) to support your Visa Delta and chequebook in Sterling. Nice internet banking as well.

Cheers
Ardy

URL: http://www.citibank.co.uk

chrism · 09-10-2002, 04:58 AM

Thanks Ardy. We currently have a business account but I would consider restructuring if it meant I could pay no fees. We're wasting thousands to Barclays at the moment.

Do Citibank make the funds available straight away or is there a long clearing period?

Chris

gothweb · 09-10-2002, 06:12 AM

I am with Lloyds, with a Sterling account. They charge I think £8 per *deposit* of dollars... So if you deposit $20 or £50,000 in one check, or in fifty, they charge £8. Deposits take up to a week to go through.

Does anyone know how the major high streek banks compare?

Dopy · 09-10-2002, 06:42 AM

Offshore Banking - do a search for UK.

If you are pushing large sums of money into a UK bank and not declaring anything to the taxman then its only a matter of time before the shirt comes off your back.

chrism · 09-10-2002, 07:04 AM

Quote:

Originally posted by gothweb
I am with Lloyds, with a Sterling account. They charge I think £8 per *deposit* of dollars... So if you deposit $20 or £50,000 in one check, or in fifty, they charge £8. Deposits take up to a week to go through.

Does anyone know how the major high streek banks compare?

Thanks Gothweb. Barclays used to charge in the same way (though £9 instead of £8) but they say this new 0.25% is fairer. Doesn't seem fair to me as my last deposit cost £84 instead of £9!

chrism · 09-10-2002, 07:05 AM

Quote:

Originally posted by Dopy
Offshore Banking - do a search for UK.

If you are pushing large sums of money into a UK bank and not declaring anything to the taxman then its only a matter of time before the shirt comes off your back.

I pay my tax like a good boy.

09-10-2002, 04:21 AM	#1
chrism Confirmed User Join Date: Dec 2001 Location: London, UK Posts: 256	UK Webmasters: Which bank do you use? My bank (Barclays) has raised its charges so they now take 0.25% of the total value of all USDollar checks I pay in (even though I have a USDollar account). I'm sure I could get a better deal if I moved. Who do you guys use?

09-10-2002, 06:12 AM	#4
gothweb Confirmed User Join Date: Jun 2002 Location: Back in the USSA Posts: 8,849	I am with Lloyds, with a Sterling account. They charge I think £8 per deposit of dollars... So if you deposit $20 or £50,000 in one check, or in fifty, they charge £8. Deposits take up to a week to go through. Does anyone know how the major high streek banks compare? __________________ Photos by Ian X.: Distinctive photos of goth babes. Blood Money:Your traffic, my sites, our money. MojoHost: Still the best.

09-10-2002, 04:51 AM	#2
Ardy Registered User Join Date: Aug 2002 Posts: 12	If you are getting the cheques in your personal name (ie you don't need a business account) then Citibank offer a US dollar account with no charges for dollar cheques. You get a cash card, or you can run it alongside a Citibank UK Sterling account and move the cash between the two (no charges) to support your Visa Delta and chequebook in Sterling. Nice internet banking as well. Cheers Ardy URL: http://www.citibank.co.uk

09-10-2002, 04:58 AM	#3
chrism Confirmed User Join Date: Dec 2001 Location: London, UK Posts: 256	Thanks Ardy. We currently have a business account but I would consider restructuring if it meant I could pay no fees. We're wasting thousands to Barclays at the moment. Do Citibank make the funds available straight away or is there a long clearing period? Chris

09-10-2002, 06:42 AM	#5
Dopy Confirmed User Join Date: Feb 2001 Location: Puerto Del Carmen, Lanzarote, Canary Islands Posts: 1,572	Offshore Banking - do a search for UK. If you are pushing large sums of money into a UK bank and not declaring anything to the taxman then its only a matter of time before the shirt comes off your back.