Banks and payment institutions must complete strict customer checks (KYC/AML). Most delays happen due to incomplete paperwork or inconsistent company records. We prepare your application pack, ensure Companies House data, statutory registers and HMRC registrations line up, and provide clear guidance so you meet banking requirements the first time.
Whether you prefer a traditional bank or a modern online provider, we’ll outline typical expectations, verify your company information, and help you present a clear business profile — including activities, ownership, source of funds and expected transactions — to reduce back-and-forth with onboarding teams.
Why Choose Accusolve for Business Bank Account Support?
Minimise friction. Maximise approval confidence:
- Readiness check on Companies House records and officer details
- Guidance on KYC/AML evidence and source-of-funds narratives
- Assistance completing application forms and ownership charts
- Support for non-UK directors and multi-shareholder structures
- Alignment with accounting setup and HMRC registrations
Our Business Bank Account Service Includes:
- Preparing an application pack (IDs, proofs, company documents)
- Checking and updating statutory records & PSC register
- Ensuring filings are current: confirmation statement & annual accounts
- HMRC registration guidance (CT, PAYE, VAT) to evidence active trading
- Drafting business activity summaries and expected account usage
- Ongoing support post-approval: bank feed setup in Xero/QuickBooks
Documents You’ll Typically Need
Requirements vary by provider, but typically include:
- Proof of ID and address for directors, PSCs and authorised signatories
- Certificate of incorporation, memorandum & articles
- Up-to-date shareholder register and control structure
- Details of business activities, counterparties and jurisdictions
- HMRC numbers or registrations (UTR, PAYE, VAT if applicable)
- Evidence of trading (invoices, contracts) where requested
Business Bank Account — FAQs
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Do I need a business bank account for a UK limited company?
Yes — it keeps company finances separate, supports accurate bookkeeping, and is generally required by banks, marketplaces and payment providers.
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Can non-UK residents open a UK business bank account?
Many providers can onboard non-UK directors subject to enhanced checks. We’ll help you prepare the right ID, address proofs, and business information to meet requirements.
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How long does it take to open a business account?
Timeframes vary by provider and complexity. Having complete, consistent documents and clear business details is the fastest route — we’ll help you get everything right first time.
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What if my application is declined?
We’ll review the reasons, fix any record or documentation issues, strengthen your application profile, and guide you on an appropriate re-application strategy.
