Group Businesses waiting for a Business AccountStarted by JoelDalais on 26/01/2017 Motto: I think, therefore I am (a business)
Think about a theater where you are obliged by law to have fire extinguishers and all the other stuff that protects or helps you in case of a fire(exits, sprinklers, ... ).
You may never need to use them but the regulation says you have to have them.
Let's imagine there is no regulation regarding fires.
In this case each theater would have to take care of this and manage it as they please, because of the probability of a fire occurring it's very low it would not be efficient for them provide, and because there is no regulation in use they don't have to.
But if a fire is to occurs you can see how in that isolated case and you would be in the building you can see how you would wish for regulation then.
Regulation is here to protect the most of use.
I also want a business bank account, but some how that's not in the best interest of the majority.
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?
surangood on 16.02.2017 at 09:24
Where I can use - cent you button ? is the same as 'tip me' button？
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.