Business Account

The CashFlows Business Account is an alternative to your traditional business banking, designed to help your business manage its funds and to 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.

As part of our consolidated payment service the CashFlows Business Account also offers your business fast 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 includes the Prepaid CashFlows Card, enabling your business to load funds onto a prepaid card and for your staff members to make payments globally via the Visa network.

Business Benefits

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

Benefits to you Simple online application process with many accounts being approved in just
10 minutes.

Benefits to you Available in 14 currencies including: GBP, USD and EUR all at no extra setup cost.

Benefits to you Consolidated payment service providing your business with the option to accept card payments at no additional setup or monthly costs.

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

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

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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)
  • 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 we receive after 2:00pm, any payment made over the weekend or on a bank holiday, then the funds will be available on the next business day. (GBP only)
  • SEPA: A EURO transfer into or out of your CashFlows Business Account to another Bank Account which accepts SEPA.
  • 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.

You can also load funds onto a Prepaid CashFlows Card allowing your staff members to make payments anywhere on the global Visa & MasterCard networks.

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Now with added ClearBooks

ClearBooks 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 ClearBooks Invoices directly into your CashFlows Business Account.

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

Want to know more about ClearBooks

For further information about ClearBooks 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