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Opening a Separate Business Account, different Bank

  • 20-10-2017 2:18pm
    #1
    jacksn
    Registered Users, Registered Users 2 Posts: 118 ✭✭


    Hi folks,

    I have all my business banking with Bank A
    - 3 company loans, overdraft, credit card. Exposure about €-54,000. no problems with accounts.

    I want to open an account with Bank B
    Will they ask for all the above information, would it affect my application to opening an account with them? Will it be hassle? Will they need to know everything about the business?

    Business: Limited Company, established 5 years.

    Reason: Part of the business is separate and I want to keep it all separate and I dont want to open a separate account with Bank A.

    tia


Comments

  • #2
    ACADasltiv
    Registered Users, Registered Users 2 Posts: 79 ✭✭ACADasltiv


    There won't be any issues, your accounts with bank A would only impact your account with bank B if you were looking for credit from bank B.


  • #3
    jacksn
    Registered Users, Registered Users 2 Posts: 118 ✭✭jacksn


    Cheers thanks, is it a case of "dont ask, dont tell" ? the setup with Bank A is complex and don't want to go into everything, I dont mind discussing and theres no difficulties just wouldn't want any bearing on the new bank

    Straightforward current account, no credit required.. maybe in the future


  • #4
    ACADasltiv
    Registered Users, Registered Users 2 Posts: 79 ✭✭ACADasltiv


    Answer any questions you're asked truthfully. The bank don't care about what arrangements you have with other banks unless you're looking to borrow money.

    Look at it this way - you're only going to be storing money with Bank B. If there's no money in the account then you can't spend anything. The bank can't lose here.


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