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Group Businesses waiting for a Business Account
Started by JoelDalais on 26/01/2017 Motto: I think, therefore I am (a business)


Business accounts

From Goodboy on 16.02.2017 at 14:12

Fidor Bank should make Business accounts available only if regulators can guarantee they will not impose unreasonable fines on the Bank.
Most small businesses in the UK today are unable to reach their full potentials due to the unreasonable regulatory burden that government and regulators have imposed on Banks. Any little mistake made by a Bank could lead to the Bank paying fines that run into millions of pounds.
I think we have come to a point where we have to ask questions about why Banks are made to pay these fines and not the people committing the offence.
Why can’t the liability be on the person or the business breaking the rules or committing the money laundering offence?
The FCA relies on fines paid by banks in order to exist, don’t you think it is in the interest of the FCA to maintain the current system at the expense of innocent small businesses and individuals that will never be able to prosper due to the ongoing senseless denial and withdrawal of banking facilities from them?
We need new Banks that will give small businesses access to banking facilities and allow them to reach their full potentials.
Is Fido bank able to do this?

JohnnyD wrote on 16.02.2017 at 17:28

I'm not quite sure what you are trying to say here, its the regulators that make the rules and the banks have to comply with these rules, so its not up to Fidor Bank?

Goodboy wrote on 18.02.2017 at 12:07

I’m blaming the regulators and not Fido Bank. Most small businesses will never be able to expand unless regulators change some of their senseless rules and behaviour.

Where I can use - cent you button ? is the same as 'tip me' button?

From surangood on 16.02.2017 at 09:24

Where I can use - cent you button ? is the same as 'tip me' button?

Would a Fidor Business account be something you are after?

From JoelDalais on 26.01.2017 at 21:04

Run a business? Or interested in starting one? Would a Fidor Business Account interest you? This group is to determine interest and for you to tell us (and each other) what facilities you would like in a business account.

PLEASE NOTE - This group is no way implies that business accounts are coming soon (I have no ETA), this group is just to gauge interest, desires, potential facilities and discuss the subject.

MIROW wrote on 26.01.2017 at 22:56

Only if incomming BACS, CHAPS and SEPA credits are available.

Only if FPS within 24 hours and not 2 or 3 days as is unfortunately sometimes the case with personal accounts

ChallengerGirl wrote on 27.01.2017 at 02:46

yes I would be interested, as long as it has Direct Debits, Debit Card and Faster Payments.

JoelDalais wrote on 27.01.2017 at 16:49

I'd like a business account that had a good API, so that you read accounts and information and relay that information to your own platform.

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