Having decided to form a new company you will also need to open a business bank account. For customers with adverse credit history this can be a problem as many banks will not open business accounts for customers that do not have a good credit rating.
The account operates like any other business bank account. It has a sort code and account number which allows you to receive payments from your customers. You can access your account online at any time of the day and pay bills from your available funds.
The account also has a debit card so you can purchase products and services at anytime. A business debit card is a vital accessory for many companies.
Benefits of a guaranteed business bank account
The bank account is subject to a small annual charge of £69. Most of the banking services are free but some services will incur small admin charges.
If you are looking for a hassle free way to operate your company bank account this is the solution.