Business bank accounts when selling a range of products/services

 

Hello, I am wondering if anyone can give me some advice. I am setting up a new limited company and I am in the process of setting up a bank account. I am planning to focus on an online business though auction sites and websites. I have a number of groups of products I am hoping to sell but they are quite different. For example I used to have an IT business and have a lot of experience in this area so I will be selling various IT products. Including the some IT services if possible. My partner loves arts and crafts and wants to include this type of product as well. There are a few others which I want to trial run as well. My plan was to setup a few websites using trading names. The banks I have spoken too seem to have a problem with this. They want to classify my business for one set of products which is very restrictive. I don't want the time or expense of setting up multiple businesses. I have been told that business mangers will have to meet with me and they will make a decision. They have not said no but I get the feeling this might be a problem. Am I wanting to do something outrageous? Maybe I am not explaining myself properly. Any ideas? Thank you. Peter

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davidwinch |
davidwinch's picture

Hello,

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