Increase max account balance | Voters

Increase max account balance

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Che connon

I love using the features and don't want to loose them as my company grows. I'd like max balance limit to be increased to £500,00 or £1 million. The current limit is too low for a growing business.

November 12, 2019

Astrid - Countingup

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As your business grows, you’ll likely need higher account limits, so we’ve increased them to reflect your needs.
*For limited companies - the maximum account balance increased from £120,000 to £400,000.
*For sole traders - the maximum account balance increased from £50,000 to £60,000.
You can find the full details of the changes we’ve made here: https://support.countingup.com/hc/en-us/articles/5751223133597-Limits

S W

Completely agree with this. My business could very soon be bringing in more than £120,000 (the current max balance for a Ltd. company) in a single month and our outgoings won't necessarily be able to reduce the amount held in the account to less than the cap each and every month.
There needs to either be an increase in the max balance (not sure why there's even a cap at the top end anyway - surely you'd prefer to hold more of our money??) to £500k at a minimum, or there needs to be some sort of Savings/Holding account option to move retained cash to, and an instant method of transferring cash between said savings/holding account and the main account.
The maximum balance is my only reservation in using CountingUp and I really would rather not move elsewhere as I'm very grateful for the simplicity this app has afforded me thus far and will continue to do so. I just wish I could be confident I'll be able to hold the cash I need in the account as things progress with my business.
Please reconsider this. Perhaps offer an "Enterprise" level option in order to hold more cash in the account...?

Astrid - Countingup

Hi Che, thanks for contacting us. It is great to hear your company is growing. We have no plans to increase the max balance in the near future. As soon as we have an update, we will get in touch. Have a great day.