The 4 biggest UK banks handle over eighty p.c of the United Kingdom’s small business accounts. So all the pieces’s nice then? Properly, not really because eighty-nine percent of businesses with lower than ten employees say they don’t have a great relationship with their financial institution. So, what’s causing this lack of satisfaction? To begin with, just opening a business bank account can be a bit of a ache, with banks often demanding to see everything from a marketing strategy to info on credit score history. High banking charges and overcharging are also inflicting many businesses critical complications. In fact, research carried out on behalf of the treasury estimated that overcharging on banking fees adds up to about 5 billion per year. But with pay as you go card accounts now providing tailor-made products for businesses, there’s a brilliant different to a high avenue checking account.