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

business bank account
 
     
  Opt 9 Banner  
     
  This service is now completely free of charge  
 

Option 9 is our only business account choice for those who are currently/previouly been in an IVA / CVA's or have outstanding issues with all the other banking institutions we would normally apply to.

This account is availble to limited companies, soletraters, partnerships and charities, most poor credit rated applications are accepted, however CVA's and IVA's only have a 50 / 50 sucess rate.

If you are a serving IVA / CVA then this is probably your only banking option for an high street bank. The account offers limited features, and isn't particularly designed for large business activity, usually this type of account only serves as a money in, money out account.

 
VERY IMPORTANT NOTES
There have been a number of changes to the approval process of this account
  • Limited Companies are required to have at least 2 serving DIRECTORS to sign on the account.
  • The account is not now opened on the same day, your application is sent to head office for processing.
  • Account approval can take upto 21 days for approval
Also please note the following:
  • No Direct Debits or Standing Orders
  • No Cheque Book
  • No Debit/Cash Card
 
 

This is a very basic account but will help you to function as a business.

If you have been rejected everywhere else for a business account then this is probably your best option, hoever the account is placed with Halifax thus should you have any present or previous issues with them then you will not qualify even for this basic account.
 

Step 1 - Complete a branch locator search on the Halfax website

Branch locater link - http://classic.multimap.com/clients/places.cgi?client=halifax
 

Step 2 - Telephone the branch and advise you want to open a “Treasurers Passbook Account” do not accept any other account they suggest you will in all probability get rejected, advise you have bad credit and would fail their credit score..

 
Step 3 - On the day of your appointment take all the required documents advised by the bank and attend on time, in most instances the account is sent off for approval which can take upto 21 days.
 
Very impotant note - When ringing to arrange your appointment should the phone ring more that 5 times you you will be diverted to customer service, better to hang up and call again immediately (you will eventually get through) and speak with the local branch.
A basic account offered by a top banking institution.
 
Will I qualify for this facility ?
 
Q: I am a current bankrupt - will I qualify?
A: Probably not, we have manged to help a few people but there is red tape and many get refused.
Q: I am currently in a IVA - will I qualify?
A: You have a 70% chance, we probly help more people with IVA's get this account than any other type of adverse credit but still that only equates to approximately 60 to 70%.
Q: I have fraud claim made against me (CIFAS) - will I qualify?
A: No, you will need to resolve the fraud issue before applying.
Q: My Company has a current CVA - will I qualify?
A: You have a 50% chance.
 
What are my options? You have 3 options available:
  (i) You can click on purchase now make payment and start the account opening process
  (ii) Select click here to request our expert advise to determine which account is most suited to your particular circumstances.
(iii) If your circumstances are less severe than those listed above you may qualify for our Option 6 .
 
Back to poor credit Business Bank Account Options
 
Option 9 Account - £0 inclusive£0 NOW COMPLETELY FREE OF CHARGE
SOS Banking BASIC BANK ACCOUNT - Non-status
  • Cheapest on the net Guaranteed
  • Bank visit required
  • Withdraw upto £300 per day
  • Account opened on day one
  • Passbook issued
  • Counter Cheques
  • CHAPS
  • £10 opening balance required
  • No business plans required
Introductory Fee - £0 NOW £0
Note no cheque book, cash or debit card with this account
  • IVA / CVA's welcome but only have a 50% chance of qualifying.
... before proceeding please read the above notes re changes to account approval procedures.

 

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 will need a 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 are equired to to take original letterhead
  • Soletraders / partnerships who have traded will need to produce a copy of there turnover.
  • In some instances the Bank also require an original Experian / Equfax report not your own downloaded copy.

Please veiw our terms and conditions.

 
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