An application for a UK Business Bank account is not accepted unless the applicant resides in the UK.
Therefore, to apply for a bank account in the UK, you must be a UK resident or you must acquire UK residence.
But a non-UK resident, a person who lives outside of the UK, can easily open a bank account with the following steps.
- The following documents are required to open a UK Business Bank account:
ID Proof: A valid passport or national ID card.
Address Proof: Recent utility bill, tax bill, legal driving license, or a credit card or bank statement.
- You will need to hire a Nominee Director for your company from the UK. It will enable the possibility to get a Bank account for your UK Company.
Recommended UK Banks for business accounts:
It is easier to open bank accounts in UK high street banks such as Barclays, HSBC & Lloyds, etc. You need to hire a director in your company who can visit the branch for documentation and meetings.
You can also contact their customer support at the time of opening a bank account in the UK. This way, you can get more information and ask any questions you may have.
- Barclays
You can sign up to create an international bank account in one of the three major currencies: euro, dollar, and pound sterling.
It provides features like:
- International online banking,
- telephone banking, and
- Barclays Mobile Banking app.
To open a Barclays bank account:
- You must be 18 years old or above, and
- You must maintain a minimum balance of £25,000 (or equivalent currency) in your account.
- HSBC
- This bank does not charge any monthly fee,
- 24/7 customer support,
- You can withdraw £500 daily from ATM, and
- Manage eligible HSBC accounts worldwide through one simple login.
To open an HSBC bank account, you must provide:
- Proof of identity (i.e. your passport) and
- Address proof (where applicable).
- Lloyds
- You can open a bank account in one of the three major currencies: dollar, pound sterling, and euro.
- It does not charge any fee for sending or receiving funds.
It also comes with Internet Banking and PhoneBank and enables you 24/7 access to your funds.