Business bank account declined for fair credit rating.

scarybigtoe

Hi this is a bit of an always one but hope someone can help! I am starting up a business with an old employer who lives and owns company in Australia. I am bringing the comPany to the uk and we will be 50% share holders. It's a limited company.

He was over before Easter and we tried to opens business account with HSBC it got rejected. We are not asking to borrow any money. I was suprised and checked my credit file. I have 2 defaults for small amounts which are 5.5 years old and a ccj which is 5.5years old. All have been satisfied. I have since these not missed a payment on anything. My credit score is fair and not far off good. It is 848 points. I have spoken to a business manager at Barclays who said I would be able to speak to the companies and have them removed but they said they could not before 6 years.

What I need is an account to deposit money with someone who can open an account for the company whilst my business partner is in OZ. I am going to be the only signee. Can anyone recommend something to me?

Thanks

pmduk

The Natwest Foundation account is frequently recommended in these circumstances.

scarybigtoe

Thank you but they will not open an account with an overseas director!