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Problems opening limited company account

A couple of new company clients are having problems opening bank accounts

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Has anyone else seen this problem occuring currently? And what banks are the quickest for new comany accounts?

Thanks.

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By Sarah Z
04th Nov 2020 01:00

A lot of the big banks are taking a long time at the moment, if at all

I have used Starling successfully

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By tom123
04th Nov 2020 07:55

I opened an account with Tide using my mobile over a couple of days.

(granted this is for a micro 'side' business)

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Replying to tom123:
A Putey FACA
By Arthur Putey
04th Nov 2020 09:43

Beware Tide and other fringe banks, they may not be in the account name checking system which means customers banks can't verify and the payee gets a warning message which can put them off.

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By NYB
04th Nov 2020 07:56

God knows what banks are doing. They don’t seem to be doing anything nor want to do anything.

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By bettybobbymeggie
04th Nov 2020 08:12

If they have an ok credit rating, don't deal in drugs or guns, and approach the same bank they bank with personally they should be ok, although TSB say that new accounts still take on average 68 days.

Happily this is the new normal for banks in general along with other major institutions (HMRC included): previously dire customer service now somehow getting even worse.

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By OldParkAcct
04th Nov 2020 08:25

None of the high street banks seem interested in opening accounts at the moment, even for existing customers, but Starling are opening accounts and seem to be able to get this achieved in 24 hours for most cases.

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By Paul Crowley
04th Nov 2020 09:29

Going to get worse before getting better?
More bank workers at home?

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Replying to Paul Crowley:
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By Open all hours
04th Nov 2020 10:24

But working from home is so good. So much more productivity. So much welcome flexibility. So much more everything with the single exception of customer satisfaction.

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