It may not be a safest idea to have both your business banking account and personal banking account with the same bank. Some banks specialise in small company banking so it is always worth shopping around.
There is also the risk that your company banking may cause problems with your personal banking and visa versa: don't put all your eggs in one basket and keep your company bank separate to your personal bank account.
If you are planning to start up a large scale company then it is better to speak to one of the larger bank branches. They will have the expertise at hand and may be able to make decisions quicker than a small branch.
Shop around for the best banking account, some will offer good interest rates others will offer free banking for the first year or more. Go and meet the bank manager they will be able to give lots of advice, but be honest with them, they can only advise on the information provided.
Business banking charges vary from bank to bank. Before you open a new account check the charges fully, some bank charge per transaction. Most banks do not charge for bank transfers, but I came across one which charged @pund;1 per transaction and this soon added up over the month.
If you are a business that mainly deals in cash you will need to ensure there is a local branch to you so withdrawals and deposits can be completed easily. Check the charges for depositing cash.
A bank loan or overdraft can help to keep you business going if funds are tight. Check before you open the account if you will be offered the facilities that is needed by the company.
If you are looking for a bank overdraft or loan, the bank will require cash forecasts and a full plan for your company.
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