BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

In partnership with:
NerdWallet, Swoop & Capital On Tap

Cater Allen Private Bank Business Banking

Cater Allen Private Bank is a bank specialising in private clients and professional advisers. Set up in Blackburn in 1816, Cater Allen is now part of the Santander Group. As well as personal and specialist banking services, Cater Allen provides business current accounts and savings accounts.

Cater Allen Private Bank Banking Services

Reserve Account

Businesses can open a current account with Cater Allen that allows them to bank in pounds, euros and US dollars, as well as manage money online, by phone or by post. You can complete 30 day-to-day transactions each calendar month with no transaction fees, there are also no annual or monthly account fees to pay. The minimum amount you need to open an account for your business is £5,000 (or the equivalent in euros or US dollars) and interest is paid on balances above £500,000. It’s also possible to move money between pounds, euros and US dollar accounts with no conversion charges, as long as the accounts are under the same customer number.

The Reserve Account includes a contactless Visa Debit Card available in pounds, euros or US dollars and you can open an account in 3-5 days.

Reserve Account for Charities

The same account is available for charitable organisations with many of the same features and benefits. Accounts are available in pounds only so features involving currency don’t apply. Charities need to apply through their accountant or financial adviser.

Asset 30 Account

A business savings account offering 0.25% AER p.a. on balances over £5,000. Customers can make an unlimited number of withdrawals without penalty with 30 days’ notice, but you’ll receive better rates of interest if you leave your money where it is. The minimum opening balance is £5,000 and an account can be opened in 3-5 days. The Asset 30 Account is for companies, sole traders, partnerships, and self-employed professionals operating through limited company structures.

Cater Allen Private Bank Reviews and Ratings

Cater Allen doesn’t have many online reviews. Trustpilot reviews are negative, with 87% of customers rating them 1/5. The most common complaints focus on problematic online banking and poor customer service. Some customers say they have banked with them for a long time (20 years in some cases), and the service has gone downhill. Google reviews tell a very similar story.

Trustpilot – 1.5/5 (based on 39 reviews)
Google Reviews – 2.0/5 (based on 25 reviews)
Reviews.co.uk
– no reviews
Smart Money People – no reviews

Pros

  • No monthly account fees.
  • Savings account can be easy access or fixed, depending on how you want to use it.

Cons

  • Lots of unhappy customers on Trustpilot.

Website: Cater Allen Private Bank Business Banking

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



business bank account

Top 51 Business Bank Accounts

Top 47 Startup & New Business Bank Accounts

Top 17 Business Overdrafts

Top 35 Business Savings Accounts

free business banking

Top 20 Free Business Bank Accounts

Top 41 Sole Trader Bank Accounts

About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2021 BusinessFinancing.co.uk