Business Accounts for Bankrupts
If any of the principles of a business are or have been bankrupt, it could prove very difficult to open a regular Business Bank Account.
Business Accounts for Bankrupts – what are the option?
Every Business needs a bank account to carry out the most basic functions required of a business, however if any of the main principles of the business has ever been bankrupt, then the chances of opening a high street account can be severely limited.
Our options may be very limited as any type of past or present credit problems will be found by the bank during your application process, meaning your application will almost certainly be rejected, leaving the business with severe problems as you will simply not be able to perform the most basic function of paying or being paid.
So are there any Business Accounts for Bankrupts?
In essence we can help open you an account which will accept anyone who is or has been bankrupt, as they do not require a credit check as part of their application process.
These business accounts are offered to anyone who has either been declined or struggled to open an account for themselves and works in a way that you will still be able to have access to many of the regular features that a high street provider would offer.
What facilities are included in these accounts?
The good news is there will always be an option available to you.
Your new business account will always include your own Sort Code & Account Number, Full Internet & mobile Banking, MasterCard which like a debit card gives you full access to your cleared funds, Pay in Cash & Cheques at a high street bank or Post Office, Faster Payments, standing Orders & Direct Debits and a UK Call Centre.
All you may need to provide is a copy of your valid ID and proof of home address, and your application can proceed.
What are the differences to a High Street account?
There are a small number of differences to a high street business bank account, not least of all the fact that if they perform a credit check, they will almost certainly decline you.
Also the time it takes to get an appointment to see a business manager to get the process started could take weeks or longer, so if you need a business account opened quickly, a high street account is almost certainly not an option to consider.
As for functionality, all basic bank accounts will offer you full security, online & mobile banking, a UK debit card, standing orders/direct debits, paying in cheques etc, so almost everything you would expect from a mainstream bank.
So if any director or main principle of the business has been bankrupt, then their application with a high street bank will almost certainly be declined.
With our service, we can process and open your account often on the same day, even for those who have or are 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 started - Apply Online Here
Business Accounts for 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.
Directors who have been bankrupt - 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 bank 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