Home > Uncategorized > Bad banks part one

Bad banks part one

A very decent client of mine has recently restructured their business after many years of success. They needed a new bank account for the new business which was taking on established contracts totally around £1.4m per annum

They spoke to their existing bank and submitted all the details. After prolonged silence they called and asked how long would it take. The answer was (exact words)

“As long as it takes”

Having then stressed that a bank account was immediately essential for a business of this size my client, with some exasperation, asked whether the fact that they had banked with them for 9 years mean anything at all

“No”

My client immediately switched accounts to a high profile new player in the market. Im sure you can guess who.No wonder that particular bank are sweeping up the market

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: