I run a shop. I didn't process a single cash transaction for 3 weeks and did under 20 for the whole year. So I decided to go electronic only as it's so much cheaper. Suddenly everyone's up in arms. Maybe if they actually used cash they could complain. But they don't.

@ryanjyoder @fesshole businesses can’t just pop to the bank and pay cash in for free, they get charged for cash handling. Also it costs money for someone to go to the bank, if you can even persuade a staff member to go to the nearest bank with hundreds to thousands of pounds of cash on them.

@jon @fesshole
It's hard to know without more context but it sounds like the amounts would be extremely small and the bank would definitely let them do a deposit for free.

@ryanjyoder @jon @fesshole For a business account it's often a small fixed fee *and* a percentage of the transaction, on top of fixed banking charges, regardless of number of transactions or the amounts.

For some small businesses a non-conventional banking service can make sense as they are a lot cheaper (though riskier, if not regulated as a bank).

I had a Wise Business account for my company for years because it was easier, faster, cheaper and better for international transactions than HSBC.