Business Bank Accounts for Discharged Bankrupts
There is a new way of opening a Business Bank Account for Discharged Bankrupts and one that avoids the need for any credit checks.
What are the option to open Business Bank Accounts for Discharged Bankrupts?
Unfortunately, your financial options become very restricted when have gone through bankruptcy and can continue to be difficult for some years even after you have been discharged, as it will remain on your credit file.
Therefore, when applying for a business account after being discharged your chances of opening a business account with one of the main high street banks will be very unlikely.
But now there are some alternative options available that are based on Identity and not credit, meaning you can be assured you’ll get a new business account as long as you can be identified.
These accounts will give you nearly all the functionality of a regular business account but without the need of a credit check.
How can I apply for a Business Bank Accounts for Discharged Bankrupts?
Simply Apply online by Clicking Here.
This new type of online business account is readily available and ideal for those who have found themselves in a situation of being discharged after bankruptcy, as they offer all the main facilities required for most businesses, including a sort-code, account number, Internet & Mobile banking, Standing Orders, Faster Payments and a bank debit card.
Are these accounts Guaranteed and how can I be sure I will not be declined?
As the application is based on Identity and not credit checks, your new business account could be opened within a matter of days, meaning you can concentrate on your business in the knowledge you can have a proper business account to accept your payments.
As these types of business accounts are offered on an Identity basis and not a credit basis, the fact that you are a discharged bankrupt will not make any difference to the application, providing you have some valid identification documents.
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.
PLEASE NOTE: Being a discharged bankrupt will often restrict you on many things including the opening of a bank account however if you choose an account which does not require a credit check, the fact that you were once bankrupt will not form any part of the application decision.
What are the differences to a High Street account?
There are a small number of differences to a high street business bank, not least of all a high street bank will perform a credit check as part of their application process, so will almost certainly decline you having been involved in bankruptcy.
Also the time it takes to get an appointment at any of the High Street Bank could currently take weeks or even months, 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 business owner is a discharged 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 are a discharged 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 Discharged 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.
Discharged bankrupt Directors - 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