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Discussion in 'Accounts & Finance' started by Kerwin, Aug 22, 2020.
Ah, that is a shame. I guess I'll just have to wait then. Thank you for your reply.
I found my passport! It was in a really weird place so no wonder I couldn't find it. Anyway, I've applied to open a business account with Starling Bank. Just need to wait until I hear back from them to know if I was successful or not.
Nice one. For what it is worth my account for Ltd co was 4 days from application to opening at the height of the BBL stuff.
Thanks. It is useful to know how long it is likely to take.
Metro Bank will be offering a quick online account opening service soon.
Everything is online and no face to face meeting required.
Until they sort out integration with 3rd party bookkeeping solutions like Free agent and QuickBooks, I don't think Metrobank can be recommended these days. I believe they only have Xero integration
Revoult is not a "bank" the last time I checked.
Opened an account with NatWest yesterday. No face to face, all done online. Easy Peasy.
Advice - Business Bank account for sole trader
I am looking recommendations for a fee-free business account as a sole trader to use it for the Govt.'s Bounce Back loan. I have a personal account to Starling Bank but they are not taking applications for new business accounts.
Thanks for any suggestions.
Stick with a proper bank. Starling is my top choice, although I also use Santander. Don't only have one business account. What happens if you get cut off from it? In that regard this is where some of the digital service companies come in.
Tide was mentioned earlier in the thread. Their proposition has improved over the past 18 months or so, but from the comments in the link below, they seem one of the worst for 'cutting' people off from their accounts. Still, as a backup it doesn't really cost you anything.
I have heard good things about Metro Bank, we are considering switching over to them
I had a bit of a problem with my Starling bank account application. They asked for a solicitors or accountants letter confirming the nature of my business before they would open my account. I sent a polite email saying I couldn't provide that information. They removed the requirement and just asked for proof of address from a utility bill or a bank statement which I provided. I'm just waiting for them to check the photo now.
All in all, I was very impressed with how they handled that. It could have easily been much worse for me. So I'm a happy camper now.
Just to update this thread. My account is now open.
Thank you all for the advice.