#FridayMotivation: As your business emerges from lockdown you& #39;ll face a new set of financial challenges - from the end of the furlough scheme to deferred VAT bills. We could all do with a bit more money left over at the end of the month!

Here are our top cost-cutting tips https://abs.twimg.com/emoji/v2/... draggable="false" alt="✂️" title="Schere" aria-label="Emoji: Schere">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
One good way to cut costs is business banking: Our bank switching services recently saved a Swoop customer £2000 a year! https://abs.twimg.com/emoji/v2/... draggable="false" alt="💵" title="Banknote mit Dollar-Zeichen" aria-label="Emoji: Banknote mit Dollar-Zeichen">

Switching banks sounds like a lot of hassle, but it isn& #39;t. You can switch for free with the Current Account Switch Service - the bank does the work.
Choosing the right business banking provider is a crucial decision - that is often pretty time consuming https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏰" title="Wecker" aria-label="Emoji: Wecker">

While you& #39;re probably more familiar with high street banks, don& #39;t rule out challenger banks like @RevolutApp.
Even if you stick with your current provider, consider opening an account with a challenger bank too to take advantage of the services & lower costs they offer.

If you want to use the Current Account Switch Service check to see which banks are included https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten"> https://www.currentaccountswitch.co.uk/banksandbuildingsocieties/Pages/banks.aspx">https://www.currentaccountswitch.co.uk/banksandb...
Haven& #39;t got time to sift through pages and pages of deals? https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏳" title="Sanduhr mit fließendem Sand" aria-label="Emoji: Sanduhr mit fließendem Sand">

We know that finding the time to compare deals when you& #39;re running a business is tough - that& #39;s why we started Swoop!
Our online comparison checker provides you with a personalised report showing how much you could save by moving your account to a wide range of high street & challenger banks.

We recently saved a Swoop customer £2000 a year! https://abs.twimg.com/emoji/v2/... draggable="false" alt="💵" title="Banknote mit Dollar-Zeichen" aria-label="Emoji: Banknote mit Dollar-Zeichen">

Let Swoop do the work https://abs.twimg.com/emoji/v2/... draggable="false" alt="➡️" title="Pfeil nach rechts" aria-label="Emoji: Pfeil nach rechts"> https://swoopfunding.com/bank-switching ">https://swoopfunding.com/bank-swit...
Another great way to cut costs is taking another look at how you handle international payments https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌍" title="Europa-Afrika auf dem Globus" aria-label="Emoji: Europa-Afrika auf dem Globus">

If you use your bank as an intermediary you& #39;re probably paying too much - and the costs really add up https://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Tabelle mit Aufwärtstrend" aria-label="Emoji: Tabelle mit Aufwärtstrend">
According to @MoneyMovr, UK SMEs pay £4 billion in hidden fees when they send their money abroad every year! https://abs.twimg.com/emoji/v2/... draggable="false" alt="😱" title="Vor Angst schreiendes Gesicht" aria-label="Emoji: Vor Angst schreiendes Gesicht"> Mostly due to the spread charged by their bank on the exchange rate.
Remember that second account we suggested you could set up with a challenger bank? This is one of the reasons you might want to set it up https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">

Challenger banks typically charge a couple of pounds to process an international payment that high street banks can charge up to £25 for!
Finally, research by @fsb_policy shows that 62% of SMEs count energy as a significant business cost. Make sure you shop around when renewal time comes around

If the date isn& #39;t in your diary, stop reading this thread and add it in now! https://abs.twimg.com/emoji/v2/... draggable="false" alt="📅" title="Kalender" aria-label="Emoji: Kalender">
You should be able to find a much better deal than the one you have at the moment because energy prices have dropped considerably https://abs.twimg.com/emoji/v2/... draggable="false" alt="💡" title="Elektrische Glühbirne" aria-label="Emoji: Elektrische Glühbirne">

Why pay more for the same service?

Don& #39;t waste time trying to negotiate with your current provider - the best deals are saved for new customers.
As with bank accounts, the switch is managed on your behalf, so once you& #39;ve signed up with a new provider you can let the utility companies take over the work.
You can follow @SwoopFunding.
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