The quick answer is yes, you can get a Business Bank Account with poor credit history, however probably not with any of the high street banks.
As part of the application process, the Bank will almost certainly run a credit check on all the owners or main shareholders of a business.
If any of them have any poor credit showing, then the application will almost certainly fail, even if the business is new or not had any financial problems.
The key reason for this is the banks only really want those with a good or clean credit report, so will almost certainly decline those that fall outside of their preferred credit risk profile.
So what sort of business bank account can you get with poor credit history?
With limited options, the type of account that would be available will be one that will process your application without the need of a credit check.
The key reason being that they will not allow any creedit on your account and therfore there’s no reason to worry about what your credit score is.
In these cases, there are a number of no credit check business bank accounts available.
All of which will offer the essential requirements for you to make & receive your business payments.
Whilst these are often descruibed as ‘basic’ accounts, they often offer almost everything a mainstream bank will offer.
So you can expect to get your own account with sort code and account number, online Internet banking and in most cases, a card that works directly with your business account.
Most options will also allow Direct Debits and Standing Orders, with others offering multi-currency accounts too.
Although your account is run by a fully FCA regulated provider, your money is actually held within one the UK’s clearing banks.
As such they are considered very safe, as any balances held are fully protected within a segregated account with the clearing bank.
So even if your provider comes under attack by their creditors, they will not have access to your funds.
This is why they are considered very secure as all your funds will be protected.
Although not as recognised as high street bank, they are fast becoming a very popular option.
With banks like Barclays, NatWest, HSBC etc declining an increasing number of business account applications.