Small business bank account

Hello, I am starting up business in the UK. I need a bank account for my limited company. I sell software through the internet, and I need the following:

  • The ability to issue cheques in both Euro, Pound and US Dollars
  • A VISA card
  • Online banking, including the possibility of doing wiretransfers

I cannot afford a bank which require a minimum account balance (at least not if it's much more than £200).

My obvious question is, does anyone have a recommendation?

Also, What papers do I need to forward to the bank to have them open a business account? (Ltd company)

In my country we may use IBAN numbers for wiretransfers. Is this common in the UK and US? Here some banks provide that free of charge, others charge around £0.5 per transfer.

Please note that I am not a UK resident and do not live in the UK either.

I hope someone can help me out here.

Thank you.

Regards, Jürgen

Reply to
jfragemann
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This is more or less a non starter mate.

You cannot verify your ID and address, being non resident and overseas. You also do not hold a business premises which can be verified by the bank.

You want lending (VISA) but have nothing to open the account with and no UK asset base.

Multiple currency accounts with chequebooks - no problem. Online Banking with capability to do your own wiretransfers - I presume you mean overseas - AFAIK the only bank offering this is Bank of Scotland with their Corporate Internet Banking package - which costs £50 ppm per a/c .

Only problem - available to corporate customers which requires you to have a lending requirement of >£100K or a turnover of >£1,000,000 pa.

Might as well give up on this one and run your account from your home country.

MC

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