basic business bank account

toffeerevelsftw

I have been turned away by barclays and santander.

Im just after a standard business bank account, No overdraft needed or any credit facility's. i just need a cheque book and card.

Where is the best place to go.

Sam_G_3

What's your credit history like?
Do you have a 3 year consistent address history, and been on the electoral roll for each address?
Will you be paying a regular income into your account?

If the answer to any of the above questions is a negative then you probably won't be able to get anything other than a cash account with a Visa/Electron debit card - i.e. normal account with no credit/lending facilities.

Any bank like Halifax and Barclays will be able to give you a cash account as long as they can prove who you are and that you have not been convicted of fraud or anything like that in the past - if they say no then there is a serious, underlying issue that needs addressing by yourself...

HappyMJ

Barclays accepted me and I thought I was a poor credit risk. Don't apply for overdrafts. Get a personal account first then get the business one especially if you are a sole trader.

ian_h

Have a look at the Natwest Foundation Account its intended to act almost as a "basic" bank account for businesses and because it doesnt offer any lending facilities is often available to those with poor credit.

smartiedriver_2

What reason did they give for declining you?

toffeerevelsftw

the dont tell me, Im a limited company and my personal credit is pretty !!!! tbh. I personally have a Halifax easy cash account but need a business account.

Im not after any credit just a cheque book and debit card.

I have a app with lloyds tsb Thursday and it should be ok. i hope.