benjojo.co.uk

benjojo posted 12 Dec 2024 15:32 +0000

I was annoyed that the bank my biz uses is increasing prices by 80%, and then I looked at NatWest and see that they charge at least £0.35 to do anything (receiving money, cash, paying something on card, really, the whole lot!) and now I am somewhat less upset

k@layer8.space replied 12 Dec 2024 15:34 +0000
in reply to: https://benjojo.co.uk/u/benjojo/h/yqpb33N3Lrdz23DWs4

@benjojo your bank charges you to *receive* and *send* money??

benjojo replied 12 Dec 2024 15:47 +0000
in reply to: https://layer8.space/users/k/statuses/113640582036836590

@k I don't bank with NatWest! But quite a lot in the UK do, and somehow they are not even considered the worst

eta@gotosocial.i.eta.. replied 12 Dec 2024 16:15 +0000
in reply to: https://benjojo.co.uk/u/benjojo/h/yqpb33N3Lrdz23DWs4

@benjojo to be fair you'd have to do quite a lot of payments a month to equal the monzo business monthly price

it does sound very similar to cloud platforms though. how many Class C API Actions are involved in moving money

benjojo replied 12 Dec 2024 17:20 +0000
in reply to: https://gotosocial.i.eta.st/users/eta/statuses/01JEXTF3Z35R100VT6B3H2TY0W

@eta Yeah but also I guess that option doesn't look great for other reasons

It's annoying, but honestly whatever, I burn far more money via stripe than the bank fees so it's not that big of a deal in the grand scheme of things

mich181189@nerdcultu.. replied 16 Dec 2024 12:19 +0000
in reply to: https://benjojo.co.uk/u/benjojo/h/1X96SqcPw6DR92YCQv

@benjojo interesting to see Metro so far up there - sure they’re pretty good, however they really annoyed me when they decided that rather than supporting open banking APIs, they would rather offer a “modified customer interface” - which FreeAgent (what I was using at the time for bookkeeping) refused to support because they said it wasn’t useful enough

benjojo replied 16 Dec 2024 14:46 +0000
in reply to: https://nerdculture.de/users/mich181189/statuses/113662464376076583

@mich181189 to be fair, having been on the bank side of this subject, the open banking APIs do leave a lot to be desired if you want to offer anything even slightly abnormal to generic banking service.

But yeah, I currently use freeagent with monzo, and I guess it's good enough to just eat the cost for now, if it hikes again I'll look elsewhere

russss@chaos.social replied 16 Dec 2024 15:01 +0000
in reply to: https://nerdculture.de/users/mich181189/statuses/113662464376076583

@mich181189 @benjojo I still haven't forgiven Metro Bank for this. I'm surprised they've done as well as they have with that attitude.

https://archive.ph/VCJDm

That is good news for start-ups such as Metro Bank, which wants to open more than 200 branches in Britain by 2020. With such grand designs, isn't Vernon Hill, one of the bank's founders, tempted to build an IT system of his own? “I hate programmers,” replies this dyed-in-the-wool entrepreneur. “They only cause trouble.”

benjojo replied 16 Dec 2024 15:31 +0000
in reply to: https://chaos.social/users/russss/statuses/113663103071125092

@russss @mich181189 wellll, https://www.bbc.co.uk/news/business-67027436 would suggest that it likely isnt going very well

gruff@stroud.social replied 12 Dec 2024 16:06 +0000
in reply to: https://benjojo.co.uk/u/benjojo/h/yqpb33N3Lrdz23DWs4

@benjojo I use Santander for business. They have virtually no charges except for a £12.50 a month fee. Every year they refund (cashback?) £125, I don't know why exactly, but I've never really considered changing because it's so cheap.