New business account

[chris.d]

I have just registered the company and I am now looking forward to opening a business account.

My bank has always been Barclays, my credit score is not really good (and I know this might be a problem, but I was wondering whether there are banks known for being more understandable for these kind of customers?

Or the fact I've been with Barclays for 8 years now should be enough to approach them?

Ultimately, will a rejection cause any trouble at all if I was to try open a business account with another bank? And is there anything I can take with me to help myself (letterheads, etc)

 

[Jeremiah@RHJ Accountants]

I would try Barclays as you have a personal account with them. The banks most of the time just read off a sheet and if you do not meet the criteria then they will decline.

There are banks for someone in your situation like Cash plus or Metro bank so have a look at these too if you do not want or meet the criteria for the major high street banks.

Some of the banks do ask for an accountant letter sometimes so if you have an accountant this may help as they may be able to introduce to a bank too.

Hope your new business does well.

 

[Alby10]

Try Barclays first as you have history with them. If they turn you down or your unsure about approaching them then contact Natwest direct banking. They offer a foundation account which has no form of credit and will be more understandable of previous issues with credit.

 

[r8ash]

I recently went into Lloyds bank for my account, I have been abroad for a while and only returned recently and I'm not on the voters roll, and they gave me the account details straight away. give them a try.