Business bank account with bad credit rating

terenceslattery

What about getting someone with good credit to open the account after you register the Ltd company through companies house, then have them as director then you get added as director and then they removed as director in company. Would that work and if so what are the costs, I'm in this position myself?

Cheers,

xkpa

You can try Mycashplus Business account - no credit check and it cost £30 per year. The idea with someone with decent credit rating as director only for registering, then removing him is good too.

terenceslattery

xkpa wrote: »

You can try Mycashplus Business account - no credit check and it cost £30 per year. The idea with someone with decent credit rating as director only for registering, then removing him is good too.

That's brilliant cheers mate, don't know why everybody doesn't just use these?

phoenix1975

A quick note for small charities out there - APS Financial Ltd (CashPlus) is not a good option if you want to apply for a JustGiving account. I have three or four emails going back and forth with JustGiving and their finance department. They are not willing to accept the Cashplus Business bank account statement we sent as proof (which we paid APS Financial Ltd £10 for) is adequate. Apparently they do not accept statements printed on 'faded' letterheaded paper.

kiora

I'm in same position, just opened a cashplus business account in 5 minutes

Aly5ha05

Hi All
After some help please, i have seen posts on here from 2008 etc but nothing updated
IM after a business bank account just a simp[e one where i get debit card.
I just need to put business cheques in and take money out.
I have bad credit and cannot get one from my own bank RBS
please help as much appreciated
Regards
Sean:beer: