UK Bank Account

You need an account if you want to start a business in UK. Different banks have different plans. Some may offer you the basic facility while others may offer you some more services. Therefore to open accounts with a bank in UK take up some search.

Find out different banks operating in the financial market of UK. The next step is to find out the different types of account which they offer their customers. You can approach these banks in person or you can also search for the information online by browsing through the websites of these banks. Choose the option with which you are comfortable.

If you plan to visit the bank in person or call their customer care for the information then make sure you have a list of questions ready with you which you can ask the executives. This will help you to clear your doubts. You can inquire about:

• The interest rates
• The ATM facility
• Cheque facility
• Online facility
• Customer care support
• Loaning facility
• Withdrawal limits
• Overdraft limits offered
• Credit facilities given

Make sure that the bank you choose has its branches in different cities and locations and provides ATM facility in different locations in your city as well as other cities and countries.
Also consider the online facility which is offered by different banks today. The online facility helps you to access your account online and also pay to your client electronic cheques from anywhere and at anytime.

To open an account the banks ask you to submit some of the documents. For personal identity they ask for your passport. If you belong to a country in European Union then you will be asked to submit your driving license and your national identity card. For your residence proof the bank asks you to submit your tenant agreement or a letter from your employer which confirms your address and your employment status or a permanent address proof in the country of your residence.

Different banks accept different documents therefore it is wise to ask the executives in the bank for the documents which you require to start an account with them. The banks ask for the original documents and not the copy. So make sure you have all the original documents ready with you when you plan to open an account.

There are companies which help you to open an account with the bank. These companies provide you with the application form and also guide you with the process. For this they charge a fee. A business can open a partnership account, sole trade account or a corporate bank account. While an individual can open a basic bank account, a current account and avail the online facility.