Basic Business Bank Accounts
There is a way of setting up Basic Business Bank Accounts with bad credit and no credit checks.
Basic Accounts
Opening up basic business bank accounts for people who have poor credit history will be limited however there are ways in which this can be achieved.
Every high street bank will preform a credit check on you and the business to see if you are credit worthy.
However, people with business bank accounts with bad credit are likely to be declined. If this happens, chances are all the other providers will probably decline you too, limiting your options of opening your basic business bank accounts.
You do have Options
Opening any Basic Business Bank Accounts with bad credit may prove to be quite difficult but there are ways of setting one up regardless of your poor credit history.
Here we offer various business accounts that are available to help set up your business bank account on a guaranteed basis, even if you have bad credit.
The best account for your business will very much depend on your individual circumstances and the nature of your business, so in every instance we would always suggest you speak to a specialist who will be able to advise you accordingly, especially as in almost every instance we will be able to find you an ideal business account.
Guaranteed Acceptance
Providing you can provide valid ID documents, like a valid driving licence and proof of your home address, like a utility bill or credit card statement, then you will pass the necessary identity checks and your account can be processed and opened.
Opening a Basic Bank Account - what are the differences to a High Street account?
There are a small number of differences 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 will affect your application for a new business account, as the high street banks will perform a credit check on all the main applicants.
So if anyone has any bad credit, then their application will almost certainly be declined.
As for functionality, all basic bank accounts will offer you full security, online & mobile banking, debit cards, standing orders/direct debits, paying in cheques etc,
However all of this can be available without the need for a credit check or waiting for an appointment to apply - Apply Online Here
Basic Business Bank Accounts.
We do not deal with any of the mainstream banks but we can open you a fully FCA Regulated & Authorised basic business account regardless of your circumstances:
Directors with Adverse 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 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