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Vat holding account

  • 08-07-2015 11:41am
    #1
    YazzaMan
    Registered Users, Registered Users 2 Posts: 16 ✭


    Hello

    I have a Small business account with BOFI. Is it possible to setup a separate 'vat holding' account to which I can transfer vat due.  The account doesn't need any bells or whistles, just a place to park vat moneies while awaiting payment.

    Obviously, I don't want to create a whole new bank account and have to pay all the associated charges.

    Cheers
    Yazza    

     


Comments

  • #2
    YazzaMan
    Registered Users, Registered Users 2 Posts: 16 ✭YazzaMan


    I'm hoping for a 'sub-account' or 'account folder' solution.


  • #3
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Good Afternoon YazzaMan, 

    Thank you for getting in contact with us here on Boards.ie.

    Yes, this is certainly possible. To arrange this please contact your Business Relationship Manager within your branch who will be happy to help you get this set up. 

    You can book an appointment with your branch here on our website. 

    We hope this helps and if we can assist you with anything else, please don't hesitate to contact us again. 

    Thanks, 
    Elaine


  • #4
    YazzaMan
    Registered Users, Registered Users 2 Posts: 16 ✭YazzaMan


    Thanks Elaine, I will do.

    Can you tell me are there any additional charges associated with this?


  • #5
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Hi YazzaMan, 

    Thanks for coming back to us. 

    As there are many options available for you, your Relationship Manager will be able to discuss this with you and tailor the right product or service to your needs. 

    Thanks again, 
    Elaine 


  • #6
    YazzaMan
    Registered Users, Registered Users 2 Posts: 16 ✭YazzaMan


    Thanks for that, I just spoke to a very helpful guy (Thomas) in my branch (Salthill).  He'll be able to set up a sub holding account, that doesn't have any charges.   Through banking365 I'll be able to pass money to it.


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  • #7
    Bank of Ireland: Sharon
    Closed Accounts Posts: 315 ✭✭Bank of Ireland: Sharon


    YazzaMan wrote: »
    Thanks for that, I just spoke to a very helpful guy (Thomas) in my branch (Salthill).  He'll be able to set up a sub holding account, that doesn't have any charges.   Through banking365 I'll be able to pass money to it.
    Hi YazzaMan,

    That's great to hear. Thanks for getting in touch and if there's anything else we can help with, please let us know.

    Sharon


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