Alliance & Leicester named 'Best Business Current Account Provider'

07 March 2008 / by Joy Tibbs
Moneyfacts has named Alliance & Leicester Commercial Bank 'Best Business Current Account Provider' for the sixth year in a row.

Editor of Business Moneyfacts, Lee Tillcock, said: "The small business current account market has become very competitive in the last few years and therefore Alliance & Leicester’s dominance of this award is testament to the easily understood, good value range of current account products offered by the bank."

Moneyfacts also awarded the bank highly commended in the 'Best Overall Business Bank' category and commended in the 'Best No Notice Business Deposit Account Provider' category. It was also a finalist in the 'Best Computer Banking Provider' category.

"The bank has performed consistently well in our surveys and best buy tables – and the judges are delighted to recognise the bank's excellence by awarding it 'Best Business Current Account Provider' for an unprecedented sixth successive year," said Mr Tillcock.

Director of Alliance and Leicester business banking, Steve Jennings, said: "We are delighted to have been named the 'Best Business Current Account Provider' for a record sixth year and it highlights our position as a credible alternative to the traditional business banks.

"In 2007 nearly 34,000 businesses chose to open a business current account with Alliance & Leicester Commercial Bank and many of these switched and have benefited from substantially lower banking costs."

Mr Jennings points out that many businesses are losing out because they do not make sure they are getting the best banking deal.

"Our research shows that small businesses are losing out on £500 million a year by remaining in uncompetitive business banking deals, so it is encouraging that more and more businesses are waking up to the fact that not all business current accounts are the same.

"Our market leading Free Business Current Account, together with our Business Builder Account which provides start-up businesses with two years' free banking are proving to be very popular."

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