Business Bank Accounts
There are three main reasons why you may struggle to open a business bank account, either Adverse Credit, High Risk business activity or you have a Non UK resident Director or Shareholder.
Adverse Credit
If you have struggled to open a business bank account because of your bad credit, your options may be limited, as every high street bank will perform a credit check on all of the principles of the business to see if you are credit worthy and will pass their stringent credit rating check.
If you get declined by one bank then you will almost certainly be declined by all the other providers too, leaving you very few options to open your new business account.
Opening a Business Account is possible regardless of any problems you may have even if you have already been declined by one of the high street banks as we have a variety of business accounts which are available providing you can be identified.
High Risk Businesses
Do you have a High Risk Business activity & one which has been declined or closed by a High Street Bank? If so don’t despair, we will be able to find you a new business account provider.
We can open Business accounts for any High Risk Business activities, including Money Service businesses (MSBs), FOREX companies, Adult, Crypto, Gaming/Gambling & Competition, Pharma products and anything else considered too risky for regular banks.
Non UK Residents
Opening any business bank accounts for non UK residents can be very challenging as all the main business account providers will insist the directors or business owners reside within the UK, however we do have options no matter where in the world you live.
Opening business bank accounts for non UK residents can be guaranteed with valid identification of the directors and main shareholders. So regardless of where they live, we will be able to help open a UK business account without the need to travel to the UK.
Opening a High Street Bank Account - what are the issues with this?
There are a number of issues when trying to open a high street business bank account, not least of all the time it takes to get an appointment to get the process started.
So if you need an account opened quickly, a high street business bank account is almost certainly not an option to consider.
If any of the main Directors or Shareholders has had any sort of Adverse Credit, it could affect your application for a new business account, as the bank will almost certainly perform a credit check on all the main applicants.
As such you should look for an account that doesn’t require a credit check.
If you have a business that is considered as ‘High Risk’ the mainstream banks will steer clear of these type of organisations, as they will not accept anything that is involved with either Gaming, Competition, Gambling, Money Service, Adult Entertainment, Crypto etc
Business Bank Accounts.
We do not deal with any of the manistream banks but we can open you a fully FCA Regulated & Authorised account regardless of your circumstances normally within a couple of days:
High Risk Businesses - ACCEPTED
Directors with Adverse Credit - ACCEPTED
Non UK Residents business owners - ACCEPTED
Help when you need it most
Our application service for a business bank account is one that can normally be completed in a matter of days, so no waiting for an appointment or for long drawn out conversations about if you may or may not get accepted.
We offer a comprehensive and detailed business banking consulting service to help find the best business bank account for you, and then to open that account as quickly as we possibly can, so that you can trade without delay. Apply Here now to get started