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What is the best bank to open a business banking account if you are contracting as a limited company?

BankFly — Wed, 03 Mar 2010 23:39:11 +0000

MadgeLivesInMarbleArch asked:

I am contracting as a limited company in the financial services industry in London. Because of new regulations, anyone contracting as a limited company must now have a business bank account. Can anyone in a similar situation recommend/give advice as to the best bank to go with in this case?

I know nothing about business bank accounts, eg how long do they take to set up, what are (if any) the fundamental differences between a business bank account and a personal on etc.

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How to I transfer money from Canada to a Bank of China account in Hong Kong?

BankFly — Tue, 02 Mar 2010 23:37:48 +0000

aawwianng asked:

Does anyone know what the steps are to transfer money from Canada to a Bank of China account in Hong Kong? I don’t have a Bank of China account, but I think I could transfer money via my own bank account, or walk into the Bank of China branch in Canada and do the transfer? However, what is involved with this process? Service charge? How long does it take? How secure is it? If anyone has done it, and can share your knowledge and/or experience, that would be greatly appreciated! Thank you.

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What documents are needed for opening a bank account?

BankFly — Tue, 01 Dec 2009 04:09:57 +0000

xxxx_fallen_xxxx asked:

For direct debits etc?
My parents opened a building society account for my when i was young, i’m now 18 and it would be a lot more convenient to have a bank account.
I have a passport and some past payslips but would I need anymore ID?
I don’t have an SSN card?

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Do you need a bank account to purchase something with paypal?

BankFly — Sat, 14 Nov 2009 07:02:03 +0000

frozen555 asked:

I have a paypal account and a bank account. Is paypal similar to a secondary bank account? Can I use paypal by itself to make payments, or do I need to link it with my bank account to submit payment? I am asking this question, because every time I log in to paypal, it says that I have zero dollars on my account. I wonder what that means. I have money on my bank account. Why doesn’t it show up in paypal? So, is paypal like a separate bank account or what?

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Mail the online bill pay check on paid in full account back to bank or to the customer?

BankFly — Mon, 09 Nov 2009 13:54:22 +0000

Todd asked:

At my work, we take payments from customers who use online bill pay with their banks. We receive a check from the bank. If the customer’s account is already paid in full, one bank says to mail it back to them to recredit to the customer’s bank account. I got one from a different bank and I called them to get their address and they said no, to send it to the customer. Does that make sense? What is the customer supposed to do with it? Thanks.

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How do you set up a bank account and deposit the checks?

BankFly — Mon, 02 Nov 2009 04:53:23 +0000

BuffaloBill1989 asked:

What do you do once you go to your local bank to get a bank account and to deposit your first checks in? What are the requirements? What do you need in order to get your bank account? What are the rules? How do you get payed by the time you take the first few days of your assignment? Tell me what you know!

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How to open a wire transfer bank account?

BankFly — Tue, 20 Oct 2009 11:31:42 +0000

Catherine H asked:

A friend unexpectedly got a construction bid overseas and the overseas client is ready to pay. Need to open a wire transfer bank account at one of the two banks used by client in U.S. However, both banks and their branches are in other parts of U.S. Is there anyway to do this?

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