Does anyone have a recommendation for business banking for start-ups? Many thanks!
Replies5
- From my point of view, cyber security in banking https://www.alert-software.com/blog/cybersecurity-in-banking is of utmost importance due to the sensitive nature of financial data and the constant threat of cyber attacks. Banks are prime targets for hackers seeking to exploit vulnerabilities and gain unauthorized access to customer information, funds, and sensitive business data. To mitigate these risks, banks must implement robust cyber security measures, including encryption protocols, multi-factor authentication, regular system updates, and employee training on cyber security best practices.
- I've gone with Starling, and so far so good. Nice integration with Xero which I'm using for my accounts. Good luck!
- Have a look here:https://wishu.io/best-business-accounts-for-creative-freelancers-wishu/It says creative freelancers, but it fits all small businesses.Hope it helps :)
- Avoid the new "fin-tech" banks. They are uniformly dreadful. I went with Metro. At least you can go into the branch and make a scene.https://www.fintechfutures.com/2019/01/starling-bank-gets-passport-to-security-issue-hell/https://www.which.co.uk/news/2020/08/monzo-reports-annual-losses-of-113-8m-are-your-current-account-and-savings-safe/https://www.ft.com/content/8cf142df-d42d-4cd5-b63c-2247feb68793Revolute suddenly start demanding more ID after you've held the account for months. People on holiday abroad have been asked to provide their tax returns to keep using their card.
- Starling, Monzo and Revolut are all good, newer fin-tech options.
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