A recent applicant asked ‘Business Bank Accounts for Bankrupts, what are my Options’?
In reality, your options to open any Business Bank Accounts for Bankrupts might ordinarily be limited .
None of the high street banks will have an appetite for applicants who are or have been bankrupt.
As such you would need to look further afield at alternative options, possibly to those that avoid a credit check.
The main reason is that all high street banks will perform a credit check as part of their application process.
Any of those who who have adverse credit are ordinarily declined as they are considered high risk.
Also if one high street bank declined your application, others will almost certainly do the same.
So what are the options to open any Business Bank Accounts for Bankrupts?
There are actually a number of potential options that will consider opening Business Bank Accounts for Bankrupts.
They would still be required to perform their regular ID and other checks, but they would not instantly decline a bankrupt.
Although the banking facilities would not offer a high street branch network, they would all be fully FCA regulated & authorised.
Every one would provide a valid UK Sort Code, Account number, Online & Mobile Banking, plus with all UK Residents, a debit card.
In many instances, the account can be opened without the need to travel or arrange a face to face meeting.
Plus they can be opened very quickly, compared to their high street counterpart.
Often these accounts will also include the ability to set-up Direct Debits and Standing Orders.
Making them very comparable to their High Street banks counterparts.
For details on how to apply and what options are available, contact us on 020 3286 3929 or Apply Online Here