A recent poll by SmallBusiness.co.uk revealed that as many as 65% of small business owners were unhappy with services they had received from their business bank. When you consider that many of these business banking services come with significant charges and overdraft fees, it is more important than ever that you look around and choose the type of account and service that suits you.

The reviewcentre.com provide a good resource on all the main small business account services, which is based on the helpful reviews and comments from people who have, or are currently, using the various services. Also the British Bankers Association (BBA) provide a Business Account Finder at www.bba.moneyfacts.co.uk, which can help you to narrow down exactly what kind of account you need by asking you questions about your type of business (partnership, limited sola trader etc) and what kind of facilities your require (local branch, credit card, overdraft etc).

Here are a few of the best offers currently available for business banking from the main UK banks:

• Lloyds TSB Business Banking – this is a comprehensive business service which can provide you with advice on account, loans, insurance and pensions. Lloyds TSB offer a good range of products and services from start up accounts with 18 months free banking to designated client accounts where you can hold client funds in separate accounts, all with instant access and credit interest (ideal for businesses like solicitors, accountants, and estate agents.)
• Alliance and Leicester Business Accounts – a free and unlimited business account is offered with a competitive interest rate. This is ideal for small accounts, and those businesses that operate in remote areas where there are no high street bank facilities, as deposits can be made at local post offices.
• NatWest Business Banking – a free 2 year business account is offered to new business customers who have been trading for less than 12 months. There is also a good range of products and services available such as business loans and insurance, and you also get the bonus of being assigned your very own dedicated business manager, who can help guide your through setting up your finances.

If you know more some cool latest offers, post via comment so that readers can take advantage of it.

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