business bank account | guaranteed bank account for business | bank account

business bank account
 
   
  Which account is right for you ?  
     
  Esentially there are 2 different type of accounts Foersters help our clients to obtain "Non Status" & "Status"  
 
1) Non Status Accounts
The non status accounts are Options 6, 7, 8, 9, 10, & 11- Non Status basically means your adverse credit history is not taken into account when the banks make their assessment, however, despite this all banks set their own limits to the extent of adverse credit they will accept.
 
2) Status Accounts
The status accounts are Options 1,2,3,4 and 5 - Status basically means yours and your company's credit history is taken into account, most banks also take into account the credit history of all the officers (directors & secretary) and shareholders with more than 10% shareholding.
 
  The account most suited to you is usually the one most suited to your personal credit circumstances and if applying for a business account the credit circumstances of your business is also a contrbuting factor.  
 
NON STATUS ACCOUNTS

Option 6 - £59 inclusive -

Full Business Account
If you have just a poor credit rating (defaulted on payments, CCJ's etc) and have possibly been declined by high street banks to open a bank account, then this account is an excellent choice, if however, you are a undischarged bankrupt or you are in a IVA then this is definitely not the account for you, your application would be declined without doubt. There is a 95% chance you application would be accepted if your adverse credit is similar or less than the following:
Account accepts: Defaults ie Payments missed on phone bill, mortgage, loans etc and CCJ's an discharged bankrupts (must have a dischrge certificate issued by the courts).
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Option 7 - £99 inclusive -

Triple Account - Full Business Account / Basic Account / Personal Account
If your credit problems are quite poor but you are not bankrupt or in a IVA and you need a business bank account quickly, plus you also need a personal account then this is an excellent option, whist waiting for your full business account to be approved, you can apply for a basic business account, which is open in most instances on the same day, this is just a basic account but will tied you over until the bank has made their decissin on the full account. The personal account has all the usual facilities you would expect from a regular perosnal account. You should only apply for this account if your adverse credit is similar to the following:
Account accepts:
Full Business Account - Defaults, CCJ's & Discharged Bankrupts (must have a dischrge certificate issued by the courts)
Basic Account - Defaults, CCJ's, Undischarged Bankrupts & IVA's.
Personal Account - Defaults, CCJ's, Undischarged Bankrupts & IVA's.
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Option 8 - £99 inclusive -
Business Package -Full Business Account / Basic Account & Company Formation
This package is ideal if you credit is poor but not bankrupt or in an IVA and you require both a company formation and full business bank account, as bonus if required we also include a basic bank account. You should only apply for this account if your adverse credit is similar to the following:
Account accepts: CCJ's, defaults or you are a discharged bankrupt (must have a dischrge certificate issued by the courts)
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Option 9 - £35 inclusive -
Basic Account
This is the only account that will usually accept undischarged bankrupts and those with IVA's, the account placed with the Halifax so you should not have defaults with them, it is an extremely basic account and only recommended to those who would not qualify for option 1 & 2 or you simply want a basic account. Note no cheque book or cash card with this account. You should only apply for this account if your adverse credit is similar to the following:
Account accepts: Defaults, CCJ's, bankrupts or IVA's (must noy have defaults with Halifax).
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Option 10 - £39 inclusive
Personal Bank Account (no monthly or annual charges with this account)
Most adverse personal credit accepted with the exception of bankruptcy and IVA's, this is an excellent account offering all the facilities required to pay bills and receive salaries. You should only apply for this account if your adverse credit is similar to the following:
Account accepts: Defaults, CCJ's and discharged bankrupts
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Option 11 - £39 inclusive
Personal Bank Account (no monthly or annual charges with this account)
Most adverse personal credit accepted including bankruptcy and IVA's, this is an excellent account offering all the facilities required to pay bills via direct debit, standing order and receive salaries. You should only apply for this account if your adverse credit is similar to the following:
Account accepts: Defaults, CCJ's, IVA's and Bankrupts
 
 
STATUS ACCOUNTS
 
Status accounts basically mean all your personal credit circumstances are taken into account when the banks make their assessment; it is very unusual for status accounts to accept any form of adverse credit. If you have a clean credit record then we are happy to help you open your business account completely free of charge and what's more we will complete all the paperwork for you.
We currently place free status accounts with Barclays, HSBC and Alliance & Leicester, for a small charge we can also place your account with NatWest.
Please note we do not place accounts with Lloyds TSB or the Royal Bank of Scotland
Barclays Account - Approval within 36 hours
HSBC Account - Approval within 48 hours
Alliance & Leicester Account - Approval within 48 hours
NatWest Account - Approval 5 working days
 
Please note that it is an offence to give false information when applying for banking or other credit facilities and if this is proved, any fees paid to us would be forfeited. No refunds are available on Accounts marked 'Subject to Status
  
 
     
 

What Identification Documents will I need?

Please supply 1 from each of the following ID

Picture Identification

  • Passport
  • Full drivers licence (Photo Licence)
  • European union national ID card

Confirmation of Residence

  • Utility bill – no older than 3 months
  • Bank statement - no older than 3 months
  • Council tax bill – present year only
  • Full drivers licence if not already used as your ID

All documentation MUST be addressed to the person presenting the documentation.

  • Limited companies are required to provide copy of their incorporation cerificate (NB if you don't have the certificate you can obtain one from our online store, please go here to purchase.
  • Soletraders / partnerships who have traded will need to produce a copy of there turnover.
  • Discharge bankrupts are required to provide a copy of the original discharge certificate.
  • In some instances the Bank will also require an original Experian / Equfax report not your own downloaded copy.

Our Terms

We must point out none of the accounts listed on our website are 100% guaranteed acceptance, Foersters are not a banking institution we only introduce clients to banks etc and have no influence over their decision making, all applications are assessed individually and are subject to the respective banks scoring system and their decision is usually finale.

None of the banks where application are placed for assessment charge for their service, you can call into the bank at anytime and request these exact accounts completely free of charge, any fees paid are payable direct to Foerster Business Solutions Ltd, in return we offer you our professional services in helping you to obtain a bank account to suit your individual circumstances.

Over the last 5 years FBSL have searched the banking industry for the best possible banking facilities available, we have found that several of these banks will accept customers and companies with adverse credit, this knowledge is then passed to you our clients.

Our complete service includes; completion of all bank account application forms, letter of instruction, which also advises of the chosen bank(s) selected to suit your particular circumstance, list of additional required documents, written letter of introduction advising of your particular circumstances, Foersters also provide map/address and contact details for the designated branch, and where applicable all postal costs, we also provide total help throughout the entire process.

You can contact our team direct on (08443 575879) during working hours or at anytime through email or contact us page, also if required we can contact the bank for updates and or to chase your application etc.

Acceptance rate for this type of account is extremely high we estimate over 95% of all applications are approved, if this was not the case Foersters could not continue to provide this extensive service, only through volume can we offer our services at the prices we charge, many of our competitors offer these exact same introductions for fees of upto £169.

Our Promise Guaranteed

We will never knowingly refer a customer to any institution we felt would reject your application, it simply would not make any sense to do so. To reassure you of our confidence at achieving success in helping you obtain your chosen account, and provided you have been completely honest regarding the declaration of your adversities, in the event you are refused a bank account through our recommended sources we guarantee to refund your fee in full without any questions asked.

Please note that it is an offence to give false information when applying for banking or other credit facilities and if this is proved, any fees paid to us would be forfeited. No refunds are available on Accounts marked 'Subject to Status.

 
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