Basic Business Bank Account
with Bad Credit
Opening a Basic Business Bank Account when you have Bad Credit is a constant problem, as all the main banks perform a credit check on all the main principles of a business to ensure they are credit worthy.
Basic Business Accounts
If any are found to have any bad credit then the application will almost certainly be declined often leaving the business with no account or the ability to accept payments in the businesses name.
If so, applying for a Basic Business Bank Account could be your best option as it can be completed without the need of a credit check.
You will qualify for an FCA regulated business account available which is designed specially for those who have been declined for a regular high street business bank account because of their bad credit.
Need a Basic Business Bank Account but got Bad Credit?
So what options are available to open a Basic Business Bank Account when you have Bad Credit?
Well the encouraging news is there are Business Accounts available even for those with Bad Credit, so no matter what your problems may be, there will be an account available for your business.
The one thing you my have to appreciate is that if you have bad credit your options may be slightly limited, meaning you may need to compromise on what facilities you can have access to until such a time as you can open a regular high street account.
What type of Business Accounts can you Apply for with Bad Credit?
One of the most popular Business Accounts currently available for those with Bad Credit are offered without the need of a credit check, meaning any bad credit would not effect your application, as generally there are no credit facilities available.
These new Business Accounts are offered on an Identity basis only meaning anyone with bad credit can still apply as long as they can either be identified or identify themselves (normally with a copy of a valid passport or driving license plus a current utility bill or something similar)
Once Identified you could have your new business account with sort code & account number in a matter of days, meaning they are one of the quickest ways of opening a basic business bank account bad credit.
What are the main differences to a High Street business account?
There are some differences to a high street business bank account, not least of all the time it takes to actually get the bank account opened or to get an appointment to see a business manager to get the process started.
So if you need to open a business account opened quickly, a high street account is almost certainly not an option to consider.
If any of the main Directors or Shareholders has any sort of Bad Credit, it will affect your application as the high street banks will perform a credit check on all the main principle of the business.
So if any applicant of the business has any bad credit, then the application will almost certainly be declined.
All basic bank accounts will offer you all the main key features and full security that a high street bank will offer, including online & mobile banking, a UK debit card, standing orders/direct debits, paying in cheques etc,
However all of this can be available & opened without the need for a credit check or waiting for an appointment to apply - Apply Online Here
Basic Business Bank Account with Bad Credit.
Whilst we do not deal with any of the mainstream banks, we can open you a fully FCA Regulated & Authorised basic business account regardless of your circumstances:
Directors with Bad Credit - ACCEPTED
High Risk Businesses - ACCEPTED
Non UK Residents business owners - ACCEPTED
Help when you need it most
Our application service for a basic business bank account with bad credit is one that can ordinarily be completed in a matter of hours, so no appointment necessary 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 you the best business bank account available for you, and then to help you open that account as quickly as we possibly can, so that you can trade without delay.