Ask Our Experts
Readers' questions answered about specific banking situations and account queries. Topics range from business account protection to international banking and investment decisions.
Are Business Accounts Protected if Banks Fail?
Business accounts get less protection than personal ones if a bank fails, and most companies aren't covered at all.
Can My Friend Pay His Cheque Into My Account?
Your friend can't pay their cheque into your account, even with permission, because UK banks legally refuse account payee cheques sent to anyone but the named recipient.
Can We Open a Bank Account in the UK?
Opening a UK bank account as a business involves meeting specific requirements, though the process is simpler for businesses than personal accounts.
Should I Cash My Personal Equity Plan?
Whether to withdraw money from an old Personal Equity Plan depends on market conditions and your investment goals.