Finance & Banking
Opening a UK Business Bank Account
Requirements, documentation needed, and tips for getting approved for a business bank account.
By Free Business Registration Ltd · 1 min read
A limited company is a separate legal entity, and its banking must be separate from its owners and directors. Check the account provider’s eligibility criteria, charges and permitted business activities before applying.
Why You Need a Business Account
- Keep company banking separate from personal banking
- Maintain clear records of company receipts and payments
- Professional appearance for customers
- Easier accounting and tax filing
- Access to business banking services
- Build business credit history
Documents Required
- Certificate of Incorporation
- Memorandum and Articles of Association
- Proof of registered office address
- Personal ID for all directors and significant shareholders
- Proof of address for all directors (within 3 months)
- Business plan or description of activities
Compare Account Terms
- Check monthly fees, transaction charges and any introductory period
- Confirm whether your residence, ownership and business activities are eligible
- Check cash deposits, overseas payments and accounting integrations
- The provider decides which documents and checks it needs
- Our funded formation offer requires an eligible account with our partner; contact us if you already have an account
Official guidance
This is general guidance. Check the current official rules and get advice for your circumstances before making tax, legal or financial decisions.