It has been suggested by the Alliance and Leicester that small business owners can make their lives easier by carefully selecting the best bank to suit them, rather than just going for the nearest or most advertised.
The Alliance and Leicester head of Business Banking has said that choosing the right deal on a business bank account can make a real difference in the day to day running of the organisation. More money can be earned in interest, there can be easier access to funds and good communications can ease stress levels.
With these points in mind it may come as no surprise to hear that the Alliance and Leicester has been named as the current account provider of the year for business banking, an award it has now received for the last 6 years.
Over 5,000 copies of the Nationwide Building Society Teenagers Guide To Money have been distributed to schools and colleges across the country.
The reason the guide was produced is that just under 70 percent of teenagers in a Nationwide Building Society survey stated that they did not really understand much about finance. With this in mind the Nationwide want to equip young people with a better knowledge and understanding of finance so they can make better choices when selecting a bank account and have to manage their own money.
A Nationwide Building Society spokeswoman said that the teenagers guide would help those people leaving school and equip them with a knowledge that will stand them in good stead for the future.
Citibank is providing Euro transfers and third party account payments with no fees to its customers.
Covering 31 European countries the Citibank initiative will get money into any bank account in Europe within 3 days. The fee free element applies to Citibank current accounts and savings accounts that use the Euro as their currency. Accounts that use a currency other than the Euro will have a charge of 2 percent levied for currency conversion.
A spokesperson from Citibank saw this new initiative as one that would speed up the whole banking process in Europe and make the transfer of money inexpensive and safe. It is expected to be especially popular with customers who have overseas properties and also those who send payments to bank accounts in different European countries.
Check the best current accounts, savings accounts and ISAs at Moneygossip.
