UK bank account possibilities for a US subsidiary?

UK bank account possibilities for a US subsidiary?

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My client is a small subsidiary (UK Limited Company) of a US firm, which is going to start trading in January.

The client is looking for a business bank account in the UK, but has so far been unsuccessful. They have found that either the minimum turnover for a UK account is too high (apparently £5m plus!) or that a face to face meeting with one or more of the directors is required (they are based in the US and do not travel to the UK regularly).

I wondered if any of you had clients in a similar position (UK subsidiary of a foreign company) and your client had been able to find a bank account - and if so, whether you'd mind passing on the name of the bank which they have an account with.

Many thanks!

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By johngroganjga
10th Nov 2014 08:26

Ignore the minimum turnover stipulation, which is if course nonsense. But I don't think the directors can avoid a face to face meeting.

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