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New limited company bank account

Are any banks opening new accounts?

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Does anyone know of any banks that are opening new bank accounts for limited companies? I have tried HSBC, Santander, Starling, Monzo...nobody is opening up new accounts because of Covid. I have a couple of clients that need accounts urgently. They could use their personal accounts but want to link them with other platforms so ideally don't want to have to change details later. 

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By nrw
29th Jun 2020 09:53

Countingup and Revolut are both still opening business bank accounts.

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By sallyhayes
29th Jun 2020 10:18

I don't think either of these are covered by the FSCS protection sadly. I would need to double check but I think they are considered to be e money institutions and not covered by the £85000.

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By nrw
29th Jun 2020 10:42

You are correct re FSCS. Monies are held in regulatory ring-fenced client money accounts, separate from the balance sheet of the operating company.

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By kathyray
29th Jun 2020 10:04

So are TSB.

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By sallyhayes
29th Jun 2020 10:16

fabulous - thank you!

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By Cheshire
29th Jun 2020 10:48

Natwest (&co) - 18mths free banking too.

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By seandrowe
29th Jun 2020 14:53

Starling are still opening accounts.... personal one last week took about 30 minutes and company one within 2 days.

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By StarlingBnk
30th Jun 2020 10:39

sallyhayes wrote:

Does anyone know of any banks that are opening new bank accounts for limited companies? I have tried HSBC, Santander, Starling, Monzo...nobody is opening up new accounts because of Covid. I have a couple of clients that need accounts urgently. They could use their personal accounts but want to link them with other platforms so ideally don't want to have to change details later. 

Hi, I'm from Starling Bank. We are still opening new bank accounts for limited companies (we have temporarily suspended the opening of new Sole Trader Accounts, so that's where the confusion may have crept in). If you have a limited company, you can apply now!

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