BANKING
Valuable tips on how you can make your cash go even further P18 CATEGORY ADVICE BANKING
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GET TING THE MOST FROM YOUR BANK
16 DECEMBER 2025-12 JANUARY 2026 STRICTLY FOR TRADE USERS ONLY
how ZLOWSKI finds out TOM GOCKELEN-KO best out of their banking retailers can get thepartnerships arrangements and
WHICH BANK TO CHOOSE
a payment has Ju- ately see when JOEY Duhra, of Premier through.” in Telford, gone building les Convenience When it comes to a a Shropshire, remembers five a great relationship with were who is rarely, time when there his bank manager bank branches aroundthem if ever, going to visit your seen who store, but he has business, Dean Holborn, doors. in Redhill gradually close their we runs two stores “Thirty years ago, man- and South Nutfield, Surrey, bank is always honesty would have had a believes came into ager who regularly know the best policy. your business our business and would way,” “If you say the personal and brilliantly us in a more to have is doing a says Duhra. “We used cash accounts end up showing up a routine of picking every completely different story, that bank the kind of thing change from the weekend, that is trust and affects the Friday ahead of the every- damages have but people are buying relationship you might instead. thing on card now with a bank,” he says. do not “But there are advantages For store owners who bankto the switch to onlinehaving have a 20-year relationship in place, this is even ing, including speed, fingertips already your says. at he everything immedi- more important, and being able to
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Jai Singh, MJ’s Nisa Local, Sheffield
before we backgrounds in banking so when it came “MY wife and I had convenience retail, started working in we were in a great position. My to get the to choosing a bank, worked and how wife knew how Santander so we went with it. to look at is most from its services, retailer starting out “My advice for any different banks offer. At least for rates deals that will the introductory be possible to get the first year, it can to your store’s overall profitabilerence accounts will make a real diff business banking ity – after that, most
begin to apply charges. to then change bank again “It might be tempting but I don’t think that’s ends, it can take to when the initial rate think about the time time would realistic. When you direct debit, a retailer’s they can do switch over every about everything that’s how you be better spent thinking and fees – whether work with.” to reduce charges merchant bank you deposit cash or which