Business Account

To take greater control of your business' cash flow, you can upgrade your merchant service to include the CashFlows Business Account, enabling your business to accept and make low cost bank payments.

We provide your business with your very own sort code and account number, enabling you to receive bank payments directly into your account.

When upgraded into your consolidated service the CashFlows Business Account offers your business faster remittance of the funds from card payments and full control of all the money coming into and going out of your business.

To help you manage and gain instant access to your funds, the CashFlows Business Account also includes the Prepaid CashFlows Card, enabling your business to load funds onto a prepaid card and for your staff members to make payments globally.

Business Benefits

Benefits to you Make and receive bank payments at substantially lower costs than traditional High Street banks.

Benefits to you A comprehensive user-friendly Account Management System enabling your business to manage its money online.

Benefits to you Available in 13 currencies including: GBP, USD and EUR all at no extra setup cost.

Benefits to you Simple upgrade process enabling your remittance account to become a Business Account in just 10 minutes*.

Benefits to you Free, daily and fast remittance of the funds from card payments to your Business Account.

Benefits to you Integrated Prepaid CashFlows Card, enabling your business to load funds directly from the Business Account and for your staff members to make payments globally.

* To upgrade your account you must have 6 months trading history with CashFlows and provide us a detailed list of how you wish to use the CashFlows Business Account, by completing our Account Upgrade Form.

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Making and receiving bank payments

You can securely transfer funds from your CashFlows Business Account to any external Bank Accounts at substantially lower costs than traditional High Street banks.

Our online Account Management System provides your business with functionality to make one-off payments, bulk payments when you need to pay multiple beneficiaries or set up standing orders to pay the same recipient on a set schedule. We also enable you to request an instant payment via a bank transfer or credit/debit card.

Available Bank Payment Methods

  • Faster Payments: A transfer of funds under £100,000 into or out of your CashFlows Business Account to another UK Bank Account. Faster payments can take up to 2 hours for funds to be shown in the account. (GBP only)
    Cost Per Transfer: £0.45
  • CHAPS: A transfer of funds into or out of your CashFlows Business Account to another UK Bank Account. CHAPS payments must be received before 2:00pm (Monday-Friday) for the funds to be shown in the account on the same day. For payments received after 2:00pm, over the weekend or on a bank holiday, then the funds will be available on the next business day. (GBP only)
    Cost Per Transfer: Out £10.00 / In £4.00
  • SEPA: A EURO transfer into or out of your CashFlows Business Account to another Bank Account which accepts SEPA.
    Cost Per Transfer: Out €4 / In €3.35
  • International Priority Payments: A transfer into or out your CashFlows Business Account to another Bank Account not in the UK or Eurozone or that does not offer SEPA using the SWIFT network.
    Cost Per Transfer: Out £15 / In £4.00

You can also load funds onto a Prepaid CashFlows Card allowing your staff members to make payments anywhere on the globe.

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Now with added Clear Books

Clear Books is web based accounting software for small businesses, sole traders and accountants who want to run in the cloud. We have integrated their accounting software into our CashFlows Business Account to make the processing of unpaid bills faster and more efficient.

When paying bills, small businesses can waste an inordinate amount of their staff time transferring data between accounting software and online banking. After a simple set up you can now import Clear Books Invoices directly into your CashFlows Business Account.

In addition when a Clear Books Invoice has been successfully paid the status of the invoice will be automatically adjusted in the Clear Books Accounting software and the value of the payment will be deducted.

Want to know more about Clear Books

For further information about Clear Books and how to try it for free, visit www.clearbooks.co.uk.

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Talk to us: +44 (0)1223 550920 | info@cashflows.com