Updating post from Reddit.
Hi,
I'm thinking of going with GetGround for Ltd and accounting services. Their online feedback is pretty good, but their financial partner, Mudulr, which provides the company account, has pretty mixed feedback.
It's my 1st time buying, and the solicitor says all the funds must be in the business account. I'm concerned about putting all that money (cash buying) into the Mudulr account!
Has anyone had good / bad experiences with the combo Modulr and GetGround?
Their online feedback is pretty good, but their financial partner, Mudulr, who provides the company account, has pretty mixed feedback.
I have used Getground and the bank they have just fine. Have bought two properties and completed a renovation now rented and mid way through a bigger one.
Basically no issues, its an online account, fairly basic but I haven’t come across anything I need that it can’t do yet.
GetGround keep releasing new stuff, they seem to be expanding.
One thing I’ll add is my solicitors didn’t need it to come from the company itself, they were fine with me sending it on behalf of the company, bought in cash twice.
Thank you
> their financial partner, Mudulr, which provides the company account, has pretty mixed feedback.
They make you use Modulr? They dont have openbanking? to connect to a proper business account. That seems weird.
Modulr is not a bank. As such you wont have any FSCS protections or guarantees, they dont go through bank stability testing, deposits are not insured, etc..
Short story. GetGround is great overall. Bank account is rubbish - no debit card and no open banking.