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UK Bank Account for UK Limited Company recommendations?

Discussion in 'Business & Tax Advice' started by adultonly, Mar 9, 2012.

  1. adultonly

    adultonly Newbie

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    Hi there,

    a friend of mine (not UK based, but EU) has set up a UK-based Limited company and is now looking for a bank account.

    His busines his 100% whitehat and legal, he has no problem sharing proof of identity, signatures and whatever else necessary.

    He'd just like to avoid having to go to the UK for the whole thing. Verified PayPal, CC etc are all available.

    Thanks
     
  2. smartstar1

    smartstar1 Junior Member

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    If he has enough money to deposit ?15k and more he could easily open an off shore account with hsbc for example. If he only can make a low initial deposit its getting a bit tricky because most UK banks want to see a proof of UK residence.

    I think the easiest way is getting a ?30 Ryan Air Ticket fly to London check out all the banks and make a decission. The much better option than paying some agency or lawyers to open an account.
     
  3. MassMarketer

    MassMarketer Newbie

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    Barclays offer a good service in the UK
     
  4. Theodore

    Theodore Power Member

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    Barclays are not the most stable bank at the minute from what ive read on the news lately. HSBC is a good option though :)
     
  5. oxonbeef

    oxonbeef BANNED BANNED

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    Have an attorney do it.
    Nothing illegal in that.
    You can appoint an accountant or solicitor to
    represent you.
     
    • Thanks Thanks x 1
  6. VyMarx

    VyMarx Registered Member

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    I'm using Barclays business services for more than 3 years. I'm happy, never had problems. :)
     
  7. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I use HSBC for my UK business banking and they are pretty good.

    Their exchange rates are terrible, though, so if you do a lot of international business get a multi-currency account or find a good FX broker.
     
  8. ben10023

    ben10023 Regular Member

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    I'm using barclays as well.. they offer good discounts for start-ups. i.e. no fees for 2 years or something.
    I'd second getting a flight, or if you're in the UK get him to make you a director/secretary and do it for him..
     
  9. VyMarx

    VyMarx Registered Member

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    Only agent form required.. you don't need make someone director.

    In anyway I suggest you go to UK, open yourself that account >> Don't forget to book appointment before the trip lol :D

    P.S. Barclays is really good :) few reasons:

    1) Fast help.
    2) Never had problems with SO, DD..
    4) Business managers in Barclays are really experienced people. They'll always help you and offer what you best can do.

    And one more thing.. every year i'm getting vacation gifts from barclays :cool:

    Plus, ( I dont now about other banks ) but in Barclays bank there are many competitions for start-up businesses, call them for more info :)
     
  10. adultonly

    adultonly Newbie

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    Hey, going to pass your advice on.

    Thanks everybody!