Choosing the right commercial banking company for your business can sometimes seem a little bit overwhelming, but if you know what you’re looking for, you can find the perfect reliable banking company.

It’s all just a case of following a few simple guidelines. Stick to these and you’ll quickly have a bank capable of getting everything you need done, cheaply and reliably.

Know Your Needs

When it comes to finding the perfect commercial banking partner for your business, one of the single most important elements is knowing exactly what you’re going to be needing from your bank. What services do you need? How much cash will you be moving around? Are you going to be needing to send money overseas?

Knowing the answers to questions like these can be invaluable when it comes to making sure you find the perfect banking service for your business.

Examine and Compare All Your Options

Like any service nowadays, you have to make sure that you’re examining all your options and comparing all the deals going. Checking out exactly what’s on offer to you is the only way to know you’re getting the best possible option for you.

Don’t just use comparison websites either, make sure to go direct and compile quotes. Think outside the box and try bigger, smaller or even overseas banks. You don’t know where you’re going to find the best commercial banking for your needs.

Don’t Be Sucked in by Initial Deals

Many banks offer amazing initial deals, rates and services designed to pull you in, and then rescind these after a year or two. In this situation, you have to look the gift horse right in the mouth!

Whether it’s free banking or accounting software, advice and consultation or free or cheap banking service rates, you need to make sure that these are locked in, and that they’re not just a way to secure your business that’ll disappear after a while.

There are plenty of banks out there that offer great, lasting deals for businesses, but the real deals will never look quite as spectacular as the short-lived ones, so you have to make sure to look past the flashy, one or two-year deals, and look at other options.

Regularly Re-Evaluate

Lastly, when it comes to your businesses banking, you never want to be lazy and settle back into using one bank long term. It’s essential to periodically re-evaluate if you want to be absolutely sure that you’re using a great value, reliable banking company.

We’re not saying leave your bank every other year, but we are saying habitually make sure there’s nothing better for your business out there. That’s how you keep your banking costs to an absolute minimum, and make sure that you’re working with a commercial banking company that’s right for your business.

Sonali Bangladesh (UK) Limited on 16th August 2022 took over the existing legal obligations of Sonali Bank (UK) Limited by virtue of section 81 (2) of the Companies Act 2006.

 Sonali Bank (UK) Limited closed all personal accounts on 31st December 2017. The balance remaining on the accounts was subsequently transferred to independent trustees appointed for that purpose, in accordance with the terms of a trust deed entered between SBUK and the trustees. This was communicated to customers at the time so as they could contact the Trustees to make applications for unclaimed funds.

 To allow former account holders more time to apply for unclaimed deposits from the Trustees, the Trust has been extended by a further 5 years until 20th February 2029.

 The trustees are Christine Bartlett and Nigel Heath Sinclair of Richard Long & Co, whose contact details are as follows:

 Christine Bartlett and Nigel Heath Sinclair

Richard Long & Co

Castlegate House

36 Castle Street

Hertford

Hertfordshire

SG14 1HH

 Telephone number: 01992 503372.

 Email: heath.sinclair@richardlong.co.uk (with a copy to enquiries@richardlong.co.uk)

  

If you wish to claim payment of amounts owed to you, the appropriate course will be to make a request for payment in writing to the trustees using the contact details above, rather than SBUK. When you contact the trustees in this way, you will be required to prove your identity in the same way as if you were withdrawing the funds from the Bank prior to 31st December 2017. 

 

Please note that funds transferred to the trustees, do not earn any interest as per the Trust arrangement.   

Choosing the right commercial banking company for your business can sometimes seem a little bit overwhelming, but if you know what you’re looking for, you can find the perfect reliable banking company.

It’s all just a case of following a few simple guidelines. Stick to these and you’ll quickly have a bank capable of getting everything you need done, cheaply and reliably.

Know Your Needs

When it comes to finding the perfect commercial banking partner for your business, one of the single most important elements is knowing exactly what you’re going to be needing from your bank. What services do you need? How much cash will you be moving around? Are you going to be needing to send money overseas?

Knowing the answers to questions like these can be invaluable when it comes to making sure you find the perfect banking service for your business.

Examine and Compare All Your Options

Like any service nowadays, you have to make sure that you’re examining all your options and comparing all the deals going. Checking out exactly what’s on offer to you is the only way to know you’re getting the best possible option for you.

Don’t just use comparison websites either, make sure to go direct and compile quotes. Think outside the box and try bigger, smaller or even overseas banks. You don’t know where you’re going to find the best commercial banking for your needs.

Don’t Be Sucked in by Initial Deals

Many banks offer amazing initial deals, rates and services designed to pull you in, and then rescind these after a year or two. In this situation, you have to look the gift horse right in the mouth!

Whether it’s free banking or accounting software, advice and consultation or free or cheap banking service rates, you need to make sure that these are locked in, and that they’re not just a way to secure your business that’ll disappear after a while.

There are plenty of banks out there that offer great, lasting deals for businesses, but the real deals will never look quite as spectacular as the short-lived ones, so you have to make sure to look past the flashy, one or two-year deals, and look at other options.

Regularly Re-Evaluate

Lastly, when it comes to your businesses banking, you never want to be lazy and settle back into using one bank long term. It’s essential to periodically re-evaluate if you want to be absolutely sure that you’re using a great value, reliable banking company.

We’re not saying leave your bank every other year, but we are saying habitually make sure there’s nothing better for your business out there. That’s how you keep your banking costs to an absolute minimum, and make sure that you’re working with a commercial banking company that’s right for your business.