Opening A Bank Account
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
When in business, one of the most important relationships you will have is the one with your bank. A good relationship makes running your business easier and a poor relationship can be very disruptive and costly. It is therefore important to choose your bank with care.
Your needs and the needs of your business will dictate what service and support you will require a bank to provide. Choosing your bank should be based on who can best meet your needs for the lowest cost. You should note that charges are applied to business accounts for services that we take for granted as free for our personal accounts. Bank charges add cost to your business and should be carefully checked when comparing different banks.
Your banking needs will change over time, so it is important to review your banking arrangements every couple of years in order to check that you are getting the service and support you require at the best price.