Our responsibility to your business
We know it can feel like a lot of questions when you are just trying to get your business going! 🥳 But as a regulated financial service, we are legally required to check a few key things before we can approve your business account application. We have kept the application as simple and streamlined as possible to get you up and running quickly.
Why we need your information
While many business accounts can be opened in just a few minutes, we need accurate and complete info from you right from the start to make that happen. Here is what we ask for in the application and why it matters:
Your ID and a selfie 📸: We ask for a photo of your ID and a short video selfie in the application so we can confirm you are who you say you are. This is the best way to protect your business account from identity fraud.
Proof of address 🏠: Providing your address helps us verify that you live in the UK and meet the eligibility requirements for this business account.
Info about your business 🏢: We need to understand what your business does and how it operates. This helps us process your application smoothly and ensures your business account stays compliant with UK financial regulations.
Keeping your data safe
We will always keep your information safe, and we never ask for anything we don’t need for your business account. The quicker we get the correct info in the application, the quicker we can get your business account up and running 🚀.
Pro-tip: Making sure your photos are clear and your business description is accurate during the application is the best way to avoid delays in opening your business account.