Yes, you can manage up to two separate accounts in the app if you're running multiple ventures. This allows you to keep your finances organised and your business expenses strictly separated for each entity. 🚀
To make the application for a second account as simple as possible, please keep the following criteria in mind:
Different businesses: Each account must be for a completely different business entity.
Eligibility: Both businesses must meet our standard eligibility rules, such as being UK-based.
Separate applications: You'll need to complete a new application for the second account so we can verify the specific details of that trade.
Note: We don't currently support multiple sole trader accounts. If you already have a sole trader account and want to open a limited company account instead, you'll need to close your original account first.
If you have a limited company, you can open a second account for a different limited company, provided you’re a director and a Person of Significant Control (PSC) for both. This is a great way to ensure your dividends and tax obligations remain clear for each separate company. ✅