If you’re the director of a company registered with UK Companies House, you’ll be eligible for a Registered Business account. UK-based sole traders and freelancers with a valid UK residential address who are registered with HMRC are eligible for a Sole Trader account.
For both account types, you’ll need to be aged 18 or above, have a valid UK phone number, and hold a device registered to a UK App or Google Play store.
We’re on a mission to help business owners spend less time on money admin.
However, there are a number of high risk industries that we can’t take on, as this would mean not being able to focus our time and energy on the rest of our members.
As a result and going forwards, we will not be offering current accounts to businesses in the following industries:
Trading of cryptocurrencies
Trading of precious metals and stones
Money services (such as foreign exchange, loan providers, money transfers)
Casinos, prize draws and other betting or gambling activities
Sale of unlicensed pharmaceuticals
Trading of weapons, explosives or armaments
Unlicensed trading and processing of scrap metal
Unlicensed waste management
Sale, import and export of used vehicles or heavy machinery
Escort services and other services in the adult industry
Bidding fee auctions
Unregistered charities and charities that aren’t incorporated
You can read more about this in our blog post: Providing financial security for our members.