How To Apply For A UK Business Bank Account

Here is a simple list of the steps involved in getting a typical British business bank account.

UK residents: click here. Foreign residents: click here.

Typically one now applies for bank accounts online. You will still need to present yourself in person at the local branch of the bank of our choice.

This is so the bank can be sure you are a real person and that the named person applying for the bank account is doing so themselves and is not an imposter.

You will need to bring documents that support your application: proof of ID, proof of address and company documents, if pertinent.

Proof of identity could be a:

- Passport
- Driving licence
- National identity card
- Residence permit

If you don’t have these documents, your bank or building society might accept other documents as proof of identity or address such as an original letter from the DWP, HMRC, JobCentre, local council, GP, minister of religion or armed services officer. etc.

Proof of address can be:

- Utility bill
- UK Government letter
- Local council/government letter
- Tenancy agreement
- Any letter on headed notepaper from a substantial entity, like a national business

Read the small print before signing. Make sure you understand the account policies, including fees and interest rates. If you have any questions, ask the bank personnel before signing.

If your application is turned down, ask why; the bank will be happy to tell you.

You may also need to have a cash deposit to put into the account. This can be £1000+ if you are opening a business bank account.

Got a bad credit history? You can still ask for a basic, no-frills account, which does not offer an overdraft facility.

Upon a successful application you will be sent a debit card, pin number, a paying-in book and a cheque book.

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