Effortlessly open a business bank account online

We present you to the banks but can’t guarantee you’ll get an account. The decision is always up to the banks.

We partner with some of the best UK banks and neobanks that can remotely open an account for you online. Each bank has its own procedure to open an account without visiting the branch. They do KYC interviews online using video conferencing and send couriers to exchange documents.

Yes, you can! We've chosen to partner with Silverbird and Airwallex which are well-suited to non-residents. Both cater to different kinds of businesses but have great foreign exchange rates.

UK banks can reject any business account application on various grounds such as failed credit checks, or not providing enough ID or proof of address. They don’t have to give you the reasons why they’ve rejected you.

Before applying for alternative solutions, it’s important to prepare future applications in detail to increase the chances of being accepted and getting the account live. You’ll be asked to provide documentation to include:

• ID;
• Company registration;
• Details of Director;
• Details of any adverse credit, including timing, amount and repayments.

Having these to hand prior to application will not only improve your chances of being accepted for business banking after decline, but also increase the speed in which your application is processed.

If you have a good or clean credit history and you have not over your arranged overdraft limit, you can switch your bank account. During the application process to switch to your new banking provider, they will likely ask you the value of your overdraft. Most banks will want to offer to match this.

Since an overdraft is a form of credit, a credit search will be made on you by the new bank account provider. Do keep any relevant paperwork from your current bank, such as bank statements or proof of your overdraft limit, and bring this with you when you go into your new bank account’s local branch.

A joint account makes your financial management as a company easier. You can track all of your business transactions in one place. Expenses will be easier to categorize in one account. You will have shared access to how much you have in your cash reserves which helps inform your cash flow; plus, your taxes will likely be easier to compile for your accountant.

Remember, separating your business and personal finances is a crucial piece of your company’s financial management, and setting up a business joint current account is a good step.

Generally, the answer for this is yes, and you can still access your transaction history for closed accounts as long as you have a registered account with your bank. However, how long you can access it after you have closed your account differs from bank to bank. According to UK regulation, banks need to give you access to up to 5 years of your transaction history at current account closure.

Usually, accounts which have been closed due to fraud or other unlawful activity, impairment or which have had no activity in a long while will not be eligible to receive transaction history.