Bank allowing multiple accounts for the same business?

madbilly

Hi all,

I've had a  good  look  around  but  not  been   able  to  find  this.  Does  anyone  know  of a bank  which  allows  multiple    current accounts for  the  same  business?  Like Chase  does  for  personal  accounts. Free and  easy  to  open.  For  the  same  reason Chase  is   useful -  switching  bonuses,  but  this  time  for  business  accounts. 

Cheers 😃

steven141

I'm sure that Royal Bank of Scotland do.

flaneurs_lobster

Pretty standard offering from most of the 'established' banks AFAIK. They might ask "why?" but that's fair enough.

Ergates

Most banks should allow it - though they might ask for reasons - it's pretty normal practice. 

Not sure about the "free" bit though - businesses are expected to pay their way.

DullGreyGuy

madbilly said:

Hi all,

I've had a  good  look  around  but  not  been   able  to  find  this.  Does  anyone  know  of a bank  which  allows  multiple    current accounts for  the  same  business?  Like Chase  does  for  personal  accounts. Free and  easy  to  open.  For  the  same  reason Chase  is   useful -  switching  bonuses,  but  this  time  for  business  accounts. 

Cheers 😃

Most will, certainly high street banks, but they won't be free

Futuristic

Most will make you go through another application and the separate fees for accounts. 

If you meet the requirements you may want to switch to Allica, you can open multiple accounts quickly on the app without extra fees. https://www.allica.bank/business-current-account 

madbilly

Hi all,

Thank you for the suggestions. @Futuristic yes that's what I'm looking for, unfortunately it seems the Allica requirements are a bit rich for me. 

Airwallex might have worked, but it's not part of the current account switching service.

https://help.airwallex.com/hc/en-gb/articles/4415356006553-How-to-set-up-multiple-accounts-under-the-same-legal-entity

If I find anything suitable I'll post it, and likewise if anyone else does please share.

Cheers

hpuse

madbilly said:

Hi all,

I've had a  good  look  around  but  not  been   able  to  find  this.  Does  anyone  know  of a bank  which  allows  multiple    current accounts for  the  same  business?  Like Chase  does  for  personal  accounts. Free and  easy  to  open.  For  the  same  reason Chase  is   useful -  switching  bonuses,  but  this  time  for  business  accounts. 

Cheers 😃

Try HSBC Business banking.

They allow creating multiple saving account pots. 

Please note, Business current account (with or without Overdraft) is always linked to business as a legal entity. You need to have a corporate account to have multiple current accounts. 

You cannot create them on the fly like you do saving accounts.