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-CashFlows launches new Business Bank Account.

Global Banking News-October 18, 2012--CashFlows launches new Business Bank Account(C)2012 ENPublishing -

Global Banking News - 18 October 2012

UK-based CashFlows said that it has launched a new business bank account in the UK that will enable businesses to increase their cash flow by reducing expenditure on bank charges.

The CashFlows Account, offered in association with Shawbrook Bank, will consolidate existing business banking services, simplify financial processes and reconciliations, and reward customers with higher interest and lower fees.

The account is to pay customers 1 percent interest on all current account balances.

Nick Ogden, CEO, CashFlows, said, 'CashFlows is able to innovate and differentiate itself from high street banks because we have re-designed and simplified the financial services supply chain, building a new business service from scratch. Today's banks are operating on disconnected systems and processes that don't meet the demands of modern businesses. One of the benefits of overhauling outdated models like this is that you can increase efficiency and reduce costs.'

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Publication:Global Banking News (GBN)
Date:Oct 18, 2012
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