Which Bank is Easy to Open a Business Account UK? Which Bank is Easy to Open a Business Account UK? There are plenty of options when it comes to opening a business account. Many offer flexible terms and invoicing functions, which can make it easier to manage your business. When opening a business account, it is essential to create a business plan to succeed. This way, you will be able to find an account that is suitable for your needs. If you would like to learn more information or about the pricing of bank accounts, you can do so here .
NatWest So, which bank? If you’re running a business, NatWest is an excellent option. Their business bank accounts are free for the first 18 months. However, they will charge you for services such as BACS payment and specialist advice. To learn more, visit their website . They also offer 24-hour telephone banking. NatWest is a well-established name on the UK high street with a wide range of branch locations.
Their business banking services are beneficial for start-ups and other small businesses. You can open an account online or via the app. You can also open a business account with NatWest by visiting a branch. NatWest offers various benefits, including free cloud-based accounting software, cash-flow management, and 18 months of free banking for new businesses.
Countingup Countingup is a fast and easy way to open a business account in the UK. The process is entirely online and takes as little as five minutes. All you need is a valid UK mobile number and an email address. Once you have filled out your information, Countingup will send you a contactless debit Mastercard. It will be delivered within three to five days. The service combines banking and accounting functions into one convenient app.
Countingup offers a comprehensive suite of accounting features that make running a business more accessible than ever. Its tools help you to manage your bookkeeping, tax and everyday banking.
It is ideal for freelancers, contractors, and limited companies with up to two directors.
Countingup offers a quick application process.
Countingup is a mobile app that allows you to open a business account in less than five minutes.
You can apply using your smartphone, provided you have a valid UK mobile number. Once you’ve downloaded the app, you’ll be given an account number, sort code, and contactless debit Mastercard.
After that, you’ll receive a physical card in three to five working days. Its app, Countingup, allows you to conduct banking transactions and manage your financial admin, including expense management, tax estimates, and bookkeeping. Sharing bookkeeping information with your accountant via the app is also possible. The app’s fees depend on the amount of money you deposit or withdraw every month and the activity on your account. The account is available to individuals and small businesses but is not designed for large corporations.
Cashplus is an online bank that allows small businesses to open a business account easily. It offers 24-hour online and mobile banking, as well as a customer service team that is based in the UK. The process is also simple, and there is no credit check required. All you need to do is apply online, providing a few details about yourself and your business. You can even submit digital copies of your ID.
Limited companies will need to verify their UK business status. You must be 18 or over to open a Cashplus business account. The application process is very straightforward, and you can apply online or over the phone. When applying online, you will be required to verify that your business is registered in the UK and that you are a UK resident. For limited companies, you will also need to provide any PSCs’ birth date (Persons of Significant Control).
It would help if you made sure that the names of the PSCs are accurate as they appear in the Companies House.
Starling Starling is a modern bank with a focus on simplicity. It offers several features that are easy to understand. For example, Starling allows you to manage your money for business expenses and goals without needing an account manager. Furthermore, it offers users complete control over their currency balances and instant notifications if anything goes wrong. You can open a business account UK with Starling Bank.
Using the app, you can withdraw free cash from Post Office ATMs in the UK and deposit cheques. You can apply for a limited company account if you need a larger overdraft. This has a lower interest rate than a sole trader’s account. You can also apply for a business loan but you must meet specific requirements.
Monese Monese offers easy-to-use tools for managing your account. You can manage your account using a web browser or a mobile app. If you have a question, you can send an email to their customer support or use the chat feature in their app.
Generally, you can expect to receive a response within 48 hours. In addition, Monese offers multilingual support. Their customer support team speaks 14 languages and is available seven days a week. To get started, download the Monese app to your mobile device and follow the signup process. You will need a valid ID and a valid email address. Sometimes, you will need to take a short video to verify yourself. You will also need to verify your UK address.
Which Bank is Easy to Open a Business Account UK? – Find out more about business bank accounts here.
Which Bank is Easy to Open a Business Account UK? – Other Useful links about business invoice financing :
How Many Accounts Should a Small Business Have?
How Do I Choose a Bank Account for My Small Business?
How Can I Accept Payments Without a Bank Account?
Remember to Compare Your Business Costs is here to help your business every step of the way, from business advice or saving you time and money on your business purchases such as:
