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COMPANY FORMATION BUSINESS PACK
Ltd Company & Poor Credit Business Account.
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BUSINESS PACKAGE FOR UK RESIDENTS MORE INFORMATION
More Account Information

New businesses need a corporate account that will allow them to work with their domestic and international clients.  However, it has become increasingly difficult for those with Poor Credit status to open a bank account through the usual retail banking channels.

We have partnered with a unique payment solution providing an independent alternative to traditional business banking, offering business accounts and a range of domestic international payment methods, reducing time and hassle and supporting your business’ growth.

Their rates are attractive and offer excellent value for money and their pricing strategy is fixed and transparent with no hidden charges. Your account is easily accessible online and transaction reports can be rapidly downloaded for financial reporting and accountancy requirements. As a web-based account, this can be accessed anywhere and in any time zone worldwide.

Our partner is the only UK agency bank to hold principal membership with both Visa EU and Mastercard Europe which allows them to issue prepaid cards. They are also authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and the provision of payment service, and also members of SWIFT and the UK Payments Council.

No face-to-face meeting is required and accounts can be opened remotely in as little as three days from receipt of the required due diligence documents.
<<Back Place your order before 1pm and registration will usually complete the sameday
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Account Approval Process & FAQ's
 
  Bank Account Approval Process
   
  How do I apply?
  1. Follow the link provided by the sales team.
  2. Complete the srequested details
  3. Any additional information can be scanned and emailed in.

Please note all applications are done online

  What are the next steps once I have applied?
  1. Wait to hear back from the bank.
  2. They will contact you within 3 – 5 working days with a decision 99.9% acceptance rate
  3. We may request additional information
  4. Usually this communication comes via email.
  Then what happens

You will shortly receive a welcome email providing you with details on how you can login to your Account and guidance on what you need to do to get started.

To accept live card payments your website must be in accordance to our compliance requirements,
     
  Banking FAQs
  Is this a proper bank account and how do I know they are genuine?
  • Agency bank of HSBC
  • Principal member of VISA EU and MasterCard Europe
  • Authorised by the FCA for the issuing of electronic money and the provision of payment services
  What type of payments can I make and what are the transfer times?
Payment Type Payment going to Typical Timeframe*
External Business Account to Your Business Account - same banking institue
Bank to Bank same banking institution same currency
Instant
Faster Payment
UK Bank Account in GBP only
15 minutes – 2 hours
CHAPS
UK Bank Account in GBP only
Same day before 3pm
SEPA
Bank Account that accepts SEPA in EUR only
3 – 5 working days
SWIFT
Bank Account not in the Eurozone or doesn’t accept SEPA
3 - 5 working days
 
  What currencies are supported?
  • GBP - Pounds Sterling
  • USD - US Dollar
  • EUR - Euro
  • CAD - Canadian Dollar
  • AED – United Arab Emirates Dirhams
  • HKD – Hong Kong Dollar
  • JPY – Japanese Yen
  • NZD – New Zealand Dollar
  • NOK – Norwegian Krone
  • SEK – Swedish Krona
  • ZAR – South African Rand
  • SGD – Singapore Dollar
  • AUD – Australian Dollar
 
  What currencies are supported?
Guaranteed Business Account
 
  Does it cost extra to open multiple currency accounts? No, you can open multiple currency accounts at no additional cost
  Is a Checking Account included? Unfortunately not
  How long does it take for the account to be set up? Typically 3 – 5 working days. Delays can be caused by requesting additional information. First point of contact is email.
  What supporting information do I need to provide? Varies from business to business.
Typical requirements are:
   
  • Passport
  • Utility Bill
  • Certificate or incorporation
  • Memorandum of associates
  • 6 months processing history (if applicable)
  Do you offer FX services? No, not currently but it is something that should become available in the near future
  Can I open a personal bank account? No, we are only able to open accounts for businesses
  How do I apply? Follow the link provided by the sales team. All applications are done online, any additional information can be scanned and emailed in.
  What are the next steps once I have applied? Wait to hear back from the bank. They will contact you within 3 – 5 working days with a decision or requesting additional information. Usually this communication comes via email.
<<Back Place your order before 1pm and registration will usually complete the sameday
Company Formation Apply Now
 
 
Company Packages Compare
We have a large selection of prepared packages to choose from, select below for individual package features or click on the compare packages button to show at a glance what each package includes.
     
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Company Formation Basic Package Company Formation Merit  Package Company Formation Start Up Package Company Formation Business Package Company Formation Limited By Guarantee Company Formation Corporate Pack Company Formation Ultimate Pack
 
Company Formation
CFT have teamed up with many High Street and Online Banks, Internet Merchants Services, Telecomunication Services and several other 'service providers' to help bring you a complete portfolio of business essentials, if you don't see what you are looking for on our website simply call our direct line and lets see if we can help.
Internet Merchant Services
Internet Merchant Account Services We have solutions for all types of businesses including high risk & adult sites.
Company Formation
084 FREE Business Numbers
0844 free business telepone numbers Free 0844 No's, + a large selection of 0161, 020, 0207, 0800 and 03 numbers all from £4.97 pm
Company Formation
Registered Offices
Registered Office Services Registered Offices in London, Manchester and Scotland, from as little as £49 per year.
Company Formation
Guarantee Bank Accounts
Guarantee Business Bank Account Business Bank Account approval for poor credit issues placed with high street banks
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