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Which UK bank is best for bulk payments?

Banking. Which bank copes best with upload salary files and batch payment for upto 20 suppliers. My

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Banking. Which bank copes best with upload salary files and batch payment for  upto 20 suppliers. My company is currently with Barclays but our particular account setup doesn't allow the batch facility. My last company banked with Barclays and batching thankfully was an option! I'm thinking of opening a second current account with maybe Metro, Silicon Valley bank or maybe even Tide. Do you know if batch payments are possible with theses banks. And, can Xero cope with feeds from 2 banks. Thanks, Margaret

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By WhichTyler
29th Mar 2018 07:30

???
Why not ask Barclays for the same facility you had in the other business?

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Replying to WhichTyler:
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By [email protected]
29th Mar 2018 07:55

Thanks for the reply. We did, but not possible because of how the savings account is setup. Only owners if the business have access to that. Really odd, but that's how it is.

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Replying to [email protected]:
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By Cheshire
29th Mar 2018 08:51

Is that a bank mandate restriction? If so get them to change it. Or open a savings account elsewhere as that is surely easier than moving everything.

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By WhichTyler
29th Mar 2018 08:57

?Most banks offer the service you look for but perhaps not from a 'savings' account. Easier to open a business current account at your current bank than elsewhere...

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Replying to [email protected]:
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By WhichTyler
29th Mar 2018 08:57

?Most banks offer the service you look for but perhaps not from a 'savings' account. Easier to open a business current account at your current bank than elsewhere...

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Replying to WhichTyler:
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By Cheshire
29th Mar 2018 09:04

Good point and agree most banks don't allow payments of that kind from savings. I was reading it as some other (unfathomable) savings issue. Think I need to go back to bed!

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Replying to Cheshire:
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By [email protected]
29th Mar 2018 09:06

You read correctly at first. It is a current a/c.!My other replies explain why it is an issue.

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Replying to WhichTyler:
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By [email protected]
29th Mar 2018 09:04

Thanks, but tried that. it is not possible because of linkage to savings a/c and directors wanting to restrict control on that. I am going to try having a second current a/c with SVB or Metro and of course will make sure this functionality is an option!

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Replying to [email protected]:
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By Cheshire
29th Mar 2018 09:32

Just change the mandate to only restrict the savings account. OR open a number two account with a different mandate. You dont need to move banks

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Replying to WhichTyler:
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By [email protected]
29th Mar 2018 09:04

Thanks, but tried that. it is not possible because of linkage to savings a/c and directors wanting to restrict control on that. I am going to try having a second current a/c with SVB or Metro and of course will make sure this functionality is an option!

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Replying to WhichTyler:
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By [email protected]
29th Mar 2018 09:04

Thanks, but tried that. it is not possible because of linkage to savings a/c and directors wanting to restrict control on that. I am going to try having a second current a/c with SVB or Metro and of course will make sure this functionality is an option!

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By Matrix
29th Mar 2018 07:32

Xero can cope with feeds from as many bank accounts as you need. I would speak to Barclays, seems a shame to have to move. Also the bank feed from Barclays is good as you don't need to refresh once set up unlike some others.

A client who banks with NatWest has to pay wages over 2 days so maybe steer clear.

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Replying to Matrix:
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By Cheshire
29th Mar 2018 08:54

Matrix wrote:

A client who banks with NatWest has to pay wages over 2 days so maybe steer clear.

Do these use Bankline? Is that due to their internal limits which just need an uplift? Or a restriction for the processing member of staff?

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Replying to Cheshire:
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By Matrix
29th Mar 2018 09:36

It must be internal limits but I don't tend to get involved in my clients' bank issues, there must be a work around. If he wants to pay the wages over 2 or more days without addressing the issue properly then he can waste his own time. I now arrange a DD for the corporation tax and VAT since it was ridiculous having to make several payments. I doubt it was banking fees since client has plenty of money, probably red tape, but as I say, I don't get involved.

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Replying to Cheshire:
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By kiwilondon99
29th Mar 2018 14:24

bankline IS an issue - no matter what you do with the bank.
the [ relationship] managers are not much help either !!!! For a client we tried to set up acredit-not debit card- facilty , NO then one card for the CEO - NO we even suggested putting £ 10k into a secured account for a £ 5k limit credit card NO Natwest/ bankline and their modis operandi are flawed - move from bankline into someother processing intermediry software Even discussing the move from their natwest payaway /DD software was not forthcoming.

like the op payroll has to be setup over 2 days + the month end AP run over 3 to accomodate their input daily setup max £value - half a mill can go out on the day but setup over many !! Bankline limits couldnt even transfer £ to a lawyer account - paperwork & signatories visit to the Branch if you will. NICE to know your customer +that your bank listens............

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By tom123
29th Mar 2018 14:29

I use HSBCnet very successfully.

It is the 'grown up' partner to normal internet banking - you have division of duties etc.

But, of course, you need proper corporate bank accounts set up etc.

Accommodates various file type uploads.

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By [email protected]
29th Mar 2018 16:36

Thanks all. I got the internet verus .net distinction today. We need to move to.net which is what I used before. That offers the required functionality. I will probably stick with Barclays as although a bit clunky it works. Useful to hear that HSBC.net is okay. It would be interesting to hear about experience of equivalent systems at SVB or Metro bank.

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Michael Riedler
By michaelriedler
10th Apr 2018 22:47

Hey Margaret - I would love to introduce you Telleroo. We have built a bank made for batch payments. You can load standard BACS files or any CSV to send faster payments - obviously as many supplier as you want. We accept standard Xero formats, no manipulation needed. I'm looking forward to hearing from you. Cheers, Michael ([email protected])

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By Team12
20th Mar 2019 17:30

Hi Margaret, we are having exactly the same issues. We use Xero but their batch payments functionality doesn't work with our Barclays online account. We were told that Barclays dot net is what we need but some of the online reviews about dot net are pretty bad (mostly that it's not user friendly at all). Did you end up using dot net or did you switch to a bank which had the batch payment functionality? Thanks!

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Replying to Team12:
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By [email protected]
20th Mar 2019 17:54

Hi,

We have Barlcays.net and the Xero feeds work amazingly for the GBP ACCOUNT. For the USD and Euro accounts update I have to key in the code from the pinsentry device. I highly recommend Barclay.net.

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Replying to Team12:
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By [email protected]
20th Mar 2019 17:54

Hi,

We have Barlcays.net and the Xero feeds work amazingly for the GBP ACCOUNT. For the USD and Euro accounts update I have to key in the code from the pinsentry device. I highly recommend Barclay.net.

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Replying to Team12:
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By [email protected]
20th Mar 2019 17:54

Hi,

We have Barlcays.net and the Xero feeds work amazingly for the GBP ACCOUNT. For the USD and Euro accounts update I have to key in the code from the pinsentry device. I highly recommend Barclay.net.

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Replying to Team12:
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By [email protected]
20th Mar 2019 17:54

Hi,

We have Barlcays.net and the Xero feeds work amazingly for the GBP ACCOUNT. For the USD and Euro accounts update I have to key in the code from the pinsentry device. I highly recommend Barclay.net.

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By Team12
20th Mar 2019 18:11

Thanks so much! Just out of curiosity, I read somewhere that Barclays dot net is not very user friendly at all ie, it takes more clicks to process a payment on Barclays dot net than if one uses regular Barclays online banking. Have you had this issue at all?

Basically the person making the payments for us isn't very computer savvy so I just want to make sure it's as straightforward as possible!

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Replying to Team12:
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By WhichTyler
20th Mar 2019 22:02

It's got to be easier to try the systeme with the existing bank and train the employee rather than shift banks because of one person's shortcomings!

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