Business Accounts for Discharged Bankrupts
Your financial options are severely restricted when you become bankrupt and unfortunately that will remain so even after you become discharged as it will remain on your credit file for sometime after.
Are there any options to open Business Accounts for Discharged Bankrupts?
Having said that there are now business accounts for discharged bankrupts available that will run and operate like any other ‘normal’ business bank account offered by the high street banks.
The thought of opening business bank accounts for discharged bankrupts has almost been impossible to consider until recently when a ‘new’ type of bank account has become available which eliminates the process of credit scoring the key principles of the business, meaning regardless of past credit problems they can still apply and be approved, even in extreme cases of bankruptcy.1981
How can I apply for a Business Account if I’m a Discharged Bankrupt?
Opening Business Bank Accounts for Discharged Bankrupts is considerably easier now as long as the principles of the business can be properly identified.
Once they have been formally identified (which could be done instantly) the new FCA regulated business account can be opened and running with a sort code & account number within hours of application, meaning you will lose no valuable time in getting your business up and running.
Business Bank Accounts for Discharged Bankrupts
There are various different types of business accounts available which will allow you to use the account like any other normal business account, including the use of a debit card, full Internet & Mobile banking, online statements, standing orders, direct debits, faster payments and much more.
Business Bank Account – This is a guaranteed account opening service based on your identity and not your credit report, meaning you can enjoy nearly all the functionality of a regular high street business account including Internet banking, standing orders/Direct Debits, Business debit card, Faster Payments plus much more.
PLEASE NOTE: Being a discharged bankrupt will often restrict you on many things including opening a bank account however choose an account which does not require a credit check and your chances of acceptance will significantly increase.
What are the differences to a High Street account?
There are some differences to a high street business bank, not least of all the application process, as the mainstream banks will perform a credit check as part of their application process.
So as your bankruptcy will show, your application will almost certainly be declined.
As for functionality, all our business accounts offer you full security, online & mobile banking, a debit card, standing orders/direct debits, paying in cheques etc, so almost everything you would expect from a high street bank.
So if any director or business owner is a discharged bankrupt, then a high street bank will almost certainly not be available to you..
With our service, we can process and open your account often on the same day, even for those who are a discharged bankrupt.
The key reason for this is that all of this can be completed without the need for a credit check or waiting for an appointment to apply, so to get the process and your account opened with 48 hours Apply Online Here
Business Bank Accounts for Discharged Bankrupts.
We do not deal with any of the mainstream banks but we can open you a fully FCA Regulated & Authorised business account regardless of your circumstances, including bankrupts.
Discharged bankrupt Directors - ACCEPTED
High Risk Businesses - ACCEPTED
Non UK Residents business owners - ACCEPTED
Help when you need it most
Our application service for those who need a business account but has been bankrupt is one that can normally be completed in a matter of hours, so no waiting for an appointment to complete your application - we can do everything online and often on the same day.
We offer a comprehensive and detailed business banking intermediary service to help find the best business bank account for you, and then to help you open that account as quickly as we possibly can, so that you can trade without delay. Apply Here now to get started