Business Bank Accounts for people with Bad Credit
Anyone who has a poor credit history will find it tough to get a business bank account with any of the high street banks as their main way of assessing you and your business is to run a credit check. Therefore if you do not pass this then you will almost certainly be declined.
Your choices would then be very limited as opening business bank accounts for people with bad credit almost certainly rules out one of the more regular options. However there are accounts available that can be opened in the company name, have its own sort code and account number, full internet banking, direct debits & standing orders and a Business Card which like a debit card, gives you access to the cleared funds in your account.
What are your options?
We can offer you options that will allow you to open business bank accounts for people with bad credit, just as long as the principles of the business can properly identify themselves. This meaning that there will be no credit check carried out on you or your business.
Once everyone involved has been formally identified it can be set up and running, with its own account number and sort code, sometimes within 48 hours.
Can I open a Business Bank Account with Bad Credit?
Whilst you may struggle to open a business bank account with a high street bank there are various options you can undertake that is suitable for people with any type of adverse credit history.
The business accounts available will be fully FCA regulated and available without the need for a credit check, so even those who have been refused before will still be accepted providing 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 circumstances.
How quickly can I open a business account if I have bad credit?
We have options available that will open you a new business account within 48 hours of applying, even with bad credit.
The process is one that requires your proof of your identity and current home address, so providing you have some valid photo ID and a proof of your home address, then we will be able to open you a business account.
Business Bank Accounts for people with Bad Credit - What is the difference to a mainstream bank account?
There are a number of differences between a mainstream business bank account and an online one, however the most important functionality between the two are almost exactly the same.
For a business that needs an account to be opened very quickly, a high street business bank account is not an option that will be available or you should consider, as they could take weeks or longer to process your application - with no guarantee that it will be successful.
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 online business account will be available and help you trade even if you have any bad credit.
You could also expect to get a debit 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.
To start the process, Apply Online Here
Business Bank Accounts for People 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:
Directors or Owners with Bad Credit - ACCEPTED
Bankrupts, CCJs & IVAs - 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