Option 6 - Full Businesi Bank Account is an excellent choice for those who have defaults, CCJ's or discharged bankrupts, the account does not support current bankrupts or current IVA's / CVA's.
If you have a poor credit rating, have accumulated several defaults, then you have found the perfect banking solution. Of course accruing adverse credit limits the type of bank account you may qualify for, and in many instances the account facilities are vastly reduced, however, over the past few years Foersters has searched the banking market and found the very best the banking industry has to offer with many of our clients qualifying for all available account features. No other account in the UK can offer you more; put simply under your present circumstances this is the very best account you could possibly apply for... GUARANTEED.
How it Works - This account comes with all the usual features you would expect with a full business bank account, visa electron debit card, cheque book, internet banking and upto 2 years free banking (new start-ups) etc though it can take upto 28 working days for approval and sometimes longer, there are no annual or monthly recurring charges associated with this account.
How does the process work?
Assuming your Company is a new start-up, ie new limited company, soletrader or partnership etc then the following procedure is usually the norm. We complete the all the business application forms, send them to your stated address for checking and signing, assuming all is correct you are required to take these and any other documents stated in our accompanying letter to a recommended local branch, there member of staff will verify and retain your ID etc, which are then sent to a central department for processing (accounts are not normally processed in your local branch), this is where time delay can occur, following approval documents are returned to your branch, at this point the procedure is discretionary, the business manager usually forwards all account details direct to you via Royal Mail, however he/she may choose to request you attend a short interview.
Important - Occasionally the bank may request further information i.e. credit reference report, further address verification etc, this is usually because they are unable to firmly establish certain information, in this instance please provide original documents, out dated or photo copies are no acceptable.
Established Companies are required to provide more documentation i.e. company accounts etc, thus account approval can and usually does take much longer.
The time scale for processing this type of account from receipt of your application by the bank is approximately 10 to 28 working days but can take longer.
Should your adversities prove to be none or very mild we will place your application electronically direct with the bank who will contact you to confirm your details, in this instance the process is much quicker and usually takes a few days to attain approval.
Please note the type of account and bank selected are determined by your personal and/or company circumstances, therefore it is very important we know exactly which banks you have experienced problems either now or in the past, this is also the case for all officers/members of the Company. Our Terms |
