Business bank account for Ltd by guarantee

Jamez1980

Hi there,

I’m hoping someone can point me in the right direction! I’ve recently acquired (along with other flat owners) the freehold of our property which are 4 flats.  We’ve opened a limited by guarantee company for the purpose of holding this freehold on behalf of the flat owners, and each of us have subsequently become directors of this company.

We’re looking to open a business bank account, preferably free of charges, to transact bills etc through but we’re struggling to find one.  Can anyone recommend a suitable business bank account for this purpose please? 

Zanderman

Virgin's M account is worth considering. Free for small (ish) businesses. Needs you to be using their app though, not sure how it copes with multiple users. But have a look: https://uk.virginmoney.com/business/current-accounts/m-account-for-business/

markuss_2

Hi Jamez1980
Did you manage to open account for a company ltd by guarantee? if so, who did you use please?

Futuristic

markuss_2 said:

Hi Jamez1980
Did you manage to open account for a company ltd by guarantee? if so, who did you use please?

This is nearly a year old and he never posted here again so unlikely. In short your best bet is high street banks (NatWest, HSBC, Lloyds etc). The "digital"/free banks won't handle this. 

Zanderman

Futuristic said:

markuss_2 said:

Hi Jamez1980
Did you manage to open account for a company ltd by guarantee? if so, who did you use please?

This is nearly a year old and he never posted here again so unlikely. In short your best bet is high street banks (NatWest, HSBC, Lloyds etc). The "digital"/free banks won't handle this. 

Virgin (a high street bank) offer a free account, as I advised above.

nickcolemann8mail_com

Bank account for company limited by guarantee

I found the quickest way to get an account - under a week - was with Metro Bank - but you need to go and see a business banker in a branch face to face.

I have also found that wise.com seems to open a business bank account quickly