Protect your MSB Business by opening a new back-up bank accountBusiness banking for MSB businesses
The biggest threat to most Money Service Businesses is receiving a note from their bankers that they are no longer supporting their Business banking for MSB businesses, which could effectively stop their business trading.
This is happening on a regular basis and threatens all MSB businesses, as without UK banking, their company will not be able to transact payments and will almost certainly threaten their survival.
But what should they do and how can they protect their business?
Well you could do nothing and hope that your account with Barclays, HSBC, NatWest or Lloyds will remain open and they won’t shut you down. However that might not be the wisest move as your whole business will depend on it, so one option might be to look at opening a contingency business bank account, which would sit there and help support the business should you receive notice on your current business account.
Business banking for MSB businesses
Whilst you would still need to go through the whole application process, once confirmed you can decide if you wished for it to remain dormant and be there as a type of insurance or slowly integrate it into your day to day business activity with a view to helping support your current transaction requirements.
The general banking facilities on offer support faster payments and direct debits, so should allow you to continue to transact electronically, however the facility to deal with cash may be restricted.
For more information on Business banking for MSB businesses, Call 020 3286 3929 or Apply Online
With our Guaranteed Service we will open you a business account or fully refund your fee.
No personal visit required
MSB businesses Accepted
Totally Flexible & No Contracts
When applying for Business banking for MSB businesses the key to all applications is that you must have:
A UK Limited Company
Including some evidence of business
We can help with all types of business activities, including MSBs (Money Service Businesses) however whilst most accounts will come with full functionality, others will be based on an individual basis.
We can help you from start to finish by first sourcing and even applying for a variety of suitable business bank accounts including for those who have struggled to open one with any of the mainstream banks like Barclays, HSBC, NatWest, Lloyds etc.
The facilities and functionality of each provider will vary, however you can expect each one will offer a UK sort code & account number, faster payments and online banking – additional features will vary and be based on each individual application and account availability.
To see what MSB business accounts will be available to you, Telephone us on 020 3286 3929 or Apply Online
We can help Open Business banking for MSB businesses even if you have been given notice on an existing account or been declined by any of the high street banks.
We an help all those with a high risk business activity, there’s an account available and suitable for you.
We can help you from start to finish by first sourcing and even applying for a variety of suitable Business Bank Accounts
including Business banking for MSB businesses.
(All banks and banking partners are fully authorised & regulated by the FCA)
Telephone +44 (0)20 3286 3929
9am to 5.30pm Monday to Friday UK – GMT