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cant open bank account for company.

  • 24-05-2011 5:19pm
    #1
    fixer78
    Closed Accounts Posts: 13 ✭


    hi all im looking for some info if you can help.

    a bank has closed my account beacuse i couldnt afford to pay a loan 72k, the account they closed was a buisness account for my ltd company. i have a chq coming in now from the revenue but i wont be able to lodge it as it will be in the company name, i tried to open accounts in other banks but cant because of the debt. i have a judgement against me and the company so i dont think this is helping eather.

    has anybody any ideas what i can do to lodge the chq?


Comments

  • #2
    bath handle
    Banned (with Prison Access) Posts: 370 ✭✭bath handle


    I didn't think the revenue issued cheques to companies. I thought it was all electronic transfer?


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Talk to bank, wave Revenue Cheque at them. Ask can your account be restored.


  • #4
    hinault
    Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭hinault


    I agree with Victor - speak to the bank who closed the account.

    However be aware that the bank might well insist that some/all of the proceeds of the cheque is used to pay down the amount that you owe to your bank.


  • #5
    ArtyM
    Registered Users, Registered Users 2 Posts: 1,879 ✭✭✭ArtyM


    Is it an option to register a business in the same name abroad and open a bank account there? - maybe in another euro country so you dont have to pay exchange rates.
    Not sure if it would work but might be worth looking into.


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