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BBL and Business Accounts

BBL and Business Accounts

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Hi,

If a company has taken out a bounce back loan, is it possible to close the related business account and open up another one with a different bank, yet maintain the loan?

A client's personal banking / mortgage etc is with one bank whilst only the business account is with Santander so he wants to bring that under the same umbrella.

Only potential problem is if the business has to continue to bank with them during the BBL period.

What are the general views?

Thanks all....

 

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By Anonymous.
30th Jul 2020 15:36

I don't know what the general views are but I'd certainly be asking the bank for their thoughts.

What does the loan agreement say?

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By CS777
30th Jul 2020 15:48

Our views do not matter. T&Cs do.

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