Share this content

Struggling to open a business bank account

We have corporate shareholders & can't find a bank that will allow us to open a business account

Didn't find your answer?

I really need some help! We have a newly formed company that has 3 directors and 5 shareholders. 2 of the shareholders are companies.

This seems to be an issue with all the business bank accounts I've looked at so far.
Does anyone have any idea which bank will accept corporate shareholders when setting up a bank account? 

Replies (4)

Please login or register to join the discussion.

avatar
By David Ex
10th Jun 2021 16:40

You seem to have a variation on a common theme. There might be something useful in these:

https://www.google.com/search?q=site:+accountingweb.co.uk+business+bank+...

Thanks (0)
avatar
By nrw
10th Jun 2021 16:41

All of the high street banks will accept corporate shareholders, as will many of the neobanks such as Revolut, Wise et al.

Unless, of course, your corporate shareholders are money-laundering scoundrels run by politically exposed people...

Thanks (0)
avatar
By paul.benny
10th Jun 2021 16:59

Do you mean they've turned you down, explicitly excluded new customers with corporate shareholders? Or just the online applications don't make it easy to apply for accounts when you have corporate shareholders?

Thanks (0)
avatar
By Leywood
10th Jun 2021 18:08

Recently had client open one with former big 4. No problems

Thanks (0)
Share this content