Business Bank 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.
What are the option to open Business Bank Accounts for Bankrupts?
Business bank accounts for bankrupts can be very difficult to open as every main bank will credit check all the main principle of a business before they approve the opening of a new bank account, meaning if any one of those principles are found to be bankrupt the application will almost certainly be declined.
We will be able to find a business accounts for bankrupts based on Identity only and not credit checks, meaning anyone found to have any severe credit problems, including bankrupts, can be accepted on the condition they can be formally identified.
How can I apply for a Business Bank Accounts for Bankrupts?
Simply Apply online by Clicking Here.
This new type of business account is readily available and ideal for those who have found themselves in a situation of being bankrupt as they offer all the main facilities required for most businesses, often including a sort-code, account number, Internet & Mobile banking, Standing Orders, Faster Payments and a bank debit card, which gives you access to all your cleared funds.
Are these accounts Guaranteed and how can I be sure I will not be declined?
As these types of business accounts are offered on an Identity basis and not a credit basis, the fact that you are (or have been) bankrupt will not make any difference to the application, so as long as you have the necessary identity documents then you can be assured you will be accepted.
As there are no credit facilities the requirement for a credit check will not be necessary meaning these types of business accounts will be based on Identity and the activity of the business itself.
Your new business account is also Fully Regulated & Authorised by the FCA, meaning you can be assured your money is being held in a fully regulated business account.
What are the differences to a High Street account?
There are some 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 having been involved in bankruptcy.
Also the time it takes to get an appointment at a High Street Bank could take weeks or longer, so if you need to open a business account opened quickly, a high street account is almost certainly not an option to consider.
As for functionality, all our business 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 and your account opened with 48 hours 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