Category: Business Banking
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Understanding European banking services
If you are a business based in the UK aiming to set up a business elsewhere in Europe, you need to know how commercial banks operate in Europe. You also need to know how business banking services differ from those offered by the majority of UK commercial banks. Since many major European banks have an…
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Foreign currency and exchange risks
If your business exports or imports goods or services, you need to consider how you will protect yourself against changes in the exchange rate. Even a tiny variation in the rate could cost your business thousands of pounds. You’ll also need to decide how to make and receive payments in foreign currencies. This guide is aimed at…
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Using payment cards to buy and sell goods or services
Using payment cards – such as credit or debit cards – can provide many benefits for your business. As a buyer, they offer a range of alternative ways of paying for goods or services instead of using cash or cheques. And, as a seller, accepting these cards could help you sell more and reach new…
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Debit and credit cards for your business
Making purchases with plastic cards is a convenient and flexible option for many businesses. The different types of card available – from debit, credit and charge cards to specialist purchasing cards – mean small-business owners don’t have to carry large amounts of cash or a company chequebook. Staff purchases can also be effectively managed through the use…
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How to choose and manage a business bank account
A good relationship with your bank is essential to the success of your business. You need to spend time choosing the right bank and the right account and manage it effectively. The services offered by banks differ greatly and so do the fees they charge. Some banks have special business account teams and can offer…