Make the right decision about your bank account for your business, whether you're just starting out or more established. UK Finance has collaborated with UK banking providers to compile some guidance about what you need before applying for a business bank account.
Such regulations apply only to registered businesses with a turnover of less than £ 6.5 million, have a clearly specified ownership structure and all the owners of the company reside in the UK.
As a Non-UK resident, you can also get a UK high street business bank account only if you have at least one nominee director in your company from the UK.
Account Number and Sort Code
IBAN & SEPA
Pay in money cash or load money through bank transfer
Business Debit card (Courier fee applicable)
Do online transaction from anywhere
Centralised Account Management System
Direct Debit facilities
Online Banking Services
Online Customer Support
One UK Nominee Director Included (for 1 year)
Physical Branch in the UK
UK Finance usually advises you have the following pieces of the paperwork ready in advance.
One paper proving your identity:
Your UK or international passport, valid and full
Your National Photocard
Your UK paper driving license in full
Your full UK or international photocard driving license issued by an EU or EEA member State
One document providing your UK address:
Your full UK driving licence;
Your full UK or foreign licence photocard driving licence as issued by a member state of the EU or EEU;
The UK or foreign bank or credit card statement (must be less than three months old and not printed from the internet);
UK mortgage statement (less than 12 months old and not printed from the net);
You'll need, business-wise:
Registration number of your Companies House (if you already have one)
Your company data like turnover, tax information and other resources
Data of all business executives or associates, including name, date of birth, address and amount of National Insurance
We've built a table of the best business bank accounts in the UK to give you an idea of what to expect, outlining the main deals for each provider.
LLOYDS/BANK OF SCOTLAND
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