The process for opening a business bank account will vary, depending on the bank you choose to open an account with.
Certain banks may require an in-person meeting, while others may require just an online registration to complete the sign up (we tested out several challenger banks, and found Revolut and Tide to have the smoothest account opening process).
In general, you’ll need to prepare the following documents for the sign up:
- Proof of ID
- Proof of address
You may also need to provide the following information about your company:
- Full business address
- Contact details
- Companies House registration number (for limited companies and partnerships)
- Estimated annual turnover
- You may be required to show proof of your personal financial situation, and provide documents to show you have a clean credit history