UK Ltd account for a non-resident director

UK Ltd Bank Account for Non Resident Director

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Hello,

I have several clients who are Europeans with UK Ltd Companies. They are struggling to open up bank account with a UK bank without proof of address. Recently a client of mine sent me a link about a company paywithfire.com that offers online bank accounts. I was wondering if anyone of you have had any experience with this company or know anything about it? The URL is https://www.paywithfire.com/business/index.html. They claim to open up a bank account in 24 hours.

Many thanks.

Replies (4)

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By chatman
29th Jun 2016 16:02

Just checked out the URL. Looks like it is an Irish bank, so no good if you want a UK bank account.

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By oikau
22nd Jul 2016 13:34

I have also noticed the lack of information about paywithfire. I have noticed it was often portrayed as a successful fintech but it looks smaller in real.
This "said" bank does not provide any business credit card. Only SEPA & BACS transfer are allowed.
In their terms, i have noticed they can change the transfer limits whenever they want. As per July 2016, their business banking is still in beta mode. It bugs me. Are we ready to trust a bank in beta mode? a bank in training mode?
In their terms, they mention that at their sole discretion, they will set service limits & may change it without notice.
It is also said that the service will be occasionally done for essential maintenance.
Plus, i have not been able to find any demo, because as bookkeeper, if we can't download a CSV file of the bank statement entries including paywithfire bank fees it is just not worth it.

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