Your financial options are severely restricted when you become bankrupt and unfortunately they will continue to be some even after you become discharged as that will remain on your credit file for everyone to see. 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.
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 business account can be opened and running with a sort code & account number within 3 working days*, meaning you will lose no valuable time in getting your business up and running.
There are two different types of business accounts available which will allow you to use the account like any other normal business bank account, including the use of a bank debit card, which allows you access to your money throughout the world, including full Internet banking and online statements, standing orders and direct debits.
The two main accounts available are as follows:
Guaranteed High Street Business Bank Account - This is a guaranteed service offered by a bank account Intermediary, which, for a one-off administration fee and as long as you can be identified, will apply and open you a high street business account with one of the main high street providers, regardless of any past credit problems. Once opened you will then deal directly with the chosen bank like any other account holder.
Guaranteed Managed Business Bank Account - This is also a guaranteed account opening service, so as long as you can be identified, you can enjoy nearly all the functionality of a regular high street bank including a Company debit card, Internet banking, standing orders/Direct Debits, Faster Payments plus much more
Guaranteed Business Accounts is a trading style of Exclusive Leads Ltd and is an introducer only