Opening a Business Bank Account with Bad Credit
There is an easy approach of opening a business bank account with bad credit, even if you have been declined because of your poor credit history, so don’t despair, we will be able to assist you.
Every one of the high street Banks will carry out a credit check as part of their opening process to see if you’re acceptable to set up a business bank account. If you do not pass their credit check then your options of opening a business bank account could be very restricted. However you can still open up a business bank account with bad credit as long as you either apply for a guaranteed service or choose to open an account which avoids the need for a credit check.
What are your options?
We have a selection of dedicated business accounts offering everything including a UK Sort Code & Account Number, Direct Debits, Standing Orders, Internet banking, business debit cards, paying in cash & cheques, UK & Overseas residents, faster payments (both in & out), International Payments (both in & out) plus much more
Can I open a Business Bank Account with Bad Credit?
Whilst you may struggle to set up a business bank account with bad credit there are various options you can undertake that is suitable for people with any type credit history including those who have a severe credit problem.
The accounts available will be fully FCA regulated and often be available without the need for a credit check, so even those who have been declined or refused before will still be accepted as long as they can be formally identified.
So even though almost every business bank will decline most applicants with bad credit, there are options available so you can rest assured you will be able to open your new business account regardless of your bad credit.
How quickly can I open a business account if I have bad credit?
We have options available that will certainly open you a new business account within 48 hours, even with bad credit.
The process is one that requires proof of your identity and your current home address, so providing you have photo ID an proof of your home address, we will be able to open you a business account despite any bad credit issues.
Opening a Business Bank Account with Bad Credit - What is the difference to a high street account?
There are several differences between a high street business bank account and an online one, however the essential functionality between the two are almost exactly the same meaning you can trade the same regardless of which account you open
For a business that needs an account to be opened quickly, a high street business bank account is not an option that will be available or you should consider.
Opening an alternative business bank account is something that can normally be done within 48 hours with no appointment necessary.
With a UK Sort Code & Account number, Faster Payments, Standing Orders, Unlimited Balances and a variety of other similar functions, opening an alternative business bank account will be available and help you trade even if you have any bad credit.
You could also expect to get a debit type card, online & mobile payments and almost everything else associated to a high street bank account, with the added bonus of opening it quickly.
So if are looking to open a Business Bank Account with Bad Credit and you cannot open one with any of the high street banks, you will have options available that will accept your application.
So whether your bad credit is just an odd missed payment or something more severe like bankruptcy, an IVA etc, we will help you.
To start the process, Apply Online Here
Open a 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 account regardless of your circumstances normally within a couple of days:
Bankrupts & IVAs - ACCEPTED
Directors with Bad Credit - ACCEPTED
Missed Payments or Arrears - 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 intermediary service to help find the best business bank account available, 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