The following Terms and Conditions apply to all the Poor Credit Bank Bank Accounts offered on our website.
To give you a clear understanding of the processes involved in obtaining a bank account whilst your underling credit circumstances may carry one or several adversities, it is strongly recommended you read all sections of these terms and conditions.
You can also contact us to explain the processes and terms and conditions.
How FBSL can help
We know the right places to look. Over the past 5 years we have continually searched the market place and found institution that provide bank accounts for those with less than perfect credit ratings.
Several of these banks we have now established a special relationship and although we (or any other company offering this service) cannot guarantee your account will be accepted (because we are not the actual bank and the finale decision is theirs), we do offer a full professional assessment prior to submitting your application, then should we determine the account is likely to be declined we will offer you your money back in full.
Throughout the past 5 years we have helped several thousands of people obtain business bank accounts and personal accounts, accounts they probably would otherwise never have obtain without our help, these customers can now operate as professional business entrepreneurs and/or family's controlling their finances with fantastic banking facilities.
Throughout the life of our Company it has been our experience that more that 95% of all application placed are accepted, this is a true reflection of our commitment to getting the account you desperately need, why not call us first to discuss your own personal issues 08443 575859.
All the accounts recommended to you are placed with high street banks and are offered to you on their regular terms and conditions.
We must point out that all the banks we deal with are high street banks regulated under the FSA‘s strict code of conduct, Foerster Business Solutions Ltd (FBSL) are completely independent of the banks we only introduce clients, and are not required to register as members, we are however affiliates of the governments highly regulated MLR (money laundering regulations).
FBSL have no influence over any of the Banks decision making, assessments or scoring, which are usually finale, and it is because of FBSL's independence we cannot guarantee your chosen account will be accepted, of course we understand the importance of obtaining this crucial aspect of your business structure therefore in view of this uncertainty we have made a promise to all our customers which is outlined below.
Account Acceptance
Acceptance rates for these type of account is extremely high we estimate more than 95% of applications are approved, and if this wasn't the case Foersters could not continue to provide this extensive service and it would simply be terminated, we would never knowingly refer you to any institution we felt would reject your application, it simply would not make any sense to do so, and to reassure you of our confidence at achieving success in helping you obtain your preferred account, and provided you have been completely honest regarding the declaration of your adversities, in the event you are refused the account we promise to apply further to other banks without you committing to any additional financial obligation GUARANTEED.
Our credentials are supported by many testimonials available from our team on 08443 575859 / 08443 575879 or write to us at the address on our contact page.
Please note 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.
Our Fees
Your application is dealt with on a personal basis, where possible we will complete all documentation, for poor credit bank accounts we do not receive any commissions from the banks and we must charge you/your Company for this service, our fees are very moderate and vary from £35 for a personal account to £99 for a Business Package, you will not find this service cheaper anywhere on the net guaranteed.
Provided you can prove your ID, you are a UK resident and can prove 3 + year residency then you have a very good chance it will work for you, should you be unfortunate enough to have an IVA within the last 6 years or a current bankrupt then unfortunately we cannot help you obtain a Business Account, though we can help with a personal account.
The bank and type of account selected for you is usually dependant on your personal and your company circumstances, we estimate 95% of all applications are approved by the bank recommended to you.
The process
Each account works slightly differently but we try to complete as much of the work as possible for you thus reducing your own work load and organisation headaches including all application forms, you just complete any parts we were unable to, some applications are submitted by FBSL and others by you in all instances at some point you are required to have your ID verified (please see below for documents required), when applying for a business account in most instances the bank will ask you to attend the bank for a short informal interview, though you are not normally asked to produce a company business plan, all personal accounts are approved via post.
Approval Time
As a general guide to timescales following completion and return of all documents, then receipt of the same by the bank, and assuming the business account is for a new start up, the following estimated timescales will usually apply:
- Option 6 (Full Business Account) - 14 to 28 working days - can take longer
- Option 7 (Double Account) - Accounts 1 and 2 below : -
Account 1 (Full Business Account) - usually 14 to 28 working days - can take longer
Account 2 (Personal Account) - usually 7 to 28 working days
- Option 8 (Business Package) - usually 14 to 28 working days
- Option 9 (Basic Account) – usually opened on the day of your choice - not now provided by FBSL
- Option 10 (Personal Account) – usually 7 to 28 working days
- Option 11 (Personal Account) – usually 7 to 28 working days
All times are approximate and subject to change
The account opening process cannot be hurried and sometimes takes longer than the estimated times however, should your application exceeded these timescale then of course we will be happy to contact the bank for updates.
Very Important - Please be aware that the Bank will in all cases require a contact telephone number and in most cases make contact with you, calls are usually received as “call withheld,” “Private” or “0845,” please ensure you respond to these calls the banks are extremely busy, if they cannot contact you via telephone your application could be placed at the bottom of the pile or worse still forgotten about, in these instances the Banks do not advise FBSL when no contact has been made with you, and we are never made aware on any delays in the process.
When previous applications have been declined
You must advise on our initial application of all the banks who have refused your previous applications, if you have made multiple applications it is advised you leave a “cooling off” period before re-applying, the more searching made on your credit file the less likely you are of getting the account.
We have several options available to us, however in the unlikely event your application is refused by all institutions we have recommended and you have been completely honest about your adverse credit etc, then there must be some other underling issues that perhaps you are not aware of, in this instance it is recommended you apply for a copy of your credit file and forward us a copy.
If there are major issues you will need to deal with them, tidy up your credit history, we can advise briefly on this if required but be assured your purchase never expires, if it takes a year to sort out you can come back to us with confidence knowing we will make every effort to complete the process.
Account Features
Features vary form account to account
1). Full Business Bank Account - some or all of the following:
Suitable for Limited Companies / Soletraders / LLP's / Limited By Guarantee
Direct debits
Standing orders
Cheque book
Paying-in book
Cash or Electron card
BACS / CHAPS
Telephone & Online banking
No opening balance required
Upto 2 years FREE banking (new start-ups)
2). Personal Bank Account - some or all of the following:
Internet Banking
Telephone Banking
Cheque Book (after qualifying period)
Cash or Electron card
Direct debits
Standing Orders
Counter service
No Opening Balance
No Bank interview required
Discharged bankrupts welcome
Required Identification Documents
Directors, Secretaries, Shareholders, Proprietors and signatories
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.
Additional documents required
Limited companies - incorporation certificate
Limited companies - Mem & arts
Limited Companies - Share Certificate(s)
Soletraders / partnerships require their company letterhead.
Where Banks accept discharged bankrupts - Original discharge certificate issued by the courts.
Establisted Companies - previous accounts
Established Companies - previous bank statements
In some instances the Bank may also require an original Experian / Equifax report (not your own downloaded copy).
Established companies limited, soletraders or partnerships who have traded will need to produce a copy of there accounts/turnover.
Refunds
We offer full unconditional refund should the customer make a purchase and immediately change their mind and request a cancellation.
A refund is offered when an order is received and it is determined from the outset we are unlikely to be able to assist them in acquiring their choice of account.
We offer partial refunds (60% of fee) if the process has started by our staff but not yet submitted to the relevant bank and/or posted out to customer.
We do not offer full refunds once the process to obtain the chosen account has completed in our office, i.e completed application(s) have been sent electronically to the bank or through the post to customer. - From 20th October for a 2 week period whilst our special offer is running we are offering a 100% money back guarantee on option 6 and option 7 for any accounts that get refused.
A refund is not offered should the account be declined, acceptance is not guaranteed, we are not a banking institution and only ever claim to offer our professional service and introduce customers to the bank where the bank will conclude their own assessments. This decision is not taken likely our fee is very moderate, and once the service process has started much effort and time is dedicated to ensuring the best possible course of action is taken, we will however continue to assist the customer helping them where possible to obtain their required account, to this end our service never expires.
Our aim is to help customers obtain their most desired account, we never want a customer to go away from FBSL believing we haven’t explored every possible avenue to attain the account, on the contrary every customer is of the upmost importance, we respect their position and understand their difficulties that may lay ahead, to this end we are committed to achieving success wherever and whenever possible.
Summary of terms:
We must point out none of the accounts listed on our website are not guaranteed acceptance, Foersters are not a banking institution we only introduce clients to banks 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 final.
None of the banks where we place application are for assessment and approval charge for their services, 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, and found several banks will accept applications form customers and companies who have elements of adverse credit, this knowledge is then passed onto you our clients.
Our complete service includes; completion of all bank account application forms, letter of instruction, submission of application to bank, bank recommendation, list of additional required documents, contact with the bank to follow-up applications, and where applicable Foersters also provide map/address, postal costs and contact details for the designated branch, 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 our contact us page.
Acceptance rate for this type of account is extremely high we estimate over 95% of all processed applications are approved, if this wasn’t the case Foersters could not continue to provide this extensive service and it would be terminated, only through volume can we offer our services at the prices we charge, many of our competitors still demand huge introduction fees of upto £169.
Our Promise : "Option 6 is the same account as advertised by our competitors who advertised for £99 to £169, we believe our price is a fair and reasonable one, affordable to most of our customers many of whom suffer difficult financial circumstances, our fees also reflects the amount for work we do, and to help reassure you of our complete confidence in helping you obtain the right account, in the event your application is rejected we promise to apply further to other banks without committing to any additional financial obligation GUARANTEED"
Refunds are proportional and determined by the amount of work attributed to the application, where no work is carried out a full refund is payable, no refund is payable where applications are rejected. |
