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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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.
?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...
?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...
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!
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
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.
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?
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.
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............
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.
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])
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!
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!
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!