1. Osome UK
  2. Business Bank Account

Effortlessly open a business bank account online

Once your company is registered, next on the agenda is opening a business bank account and ensuring your compliance. We give you remote guidance and refer you to our partner banks who will help you open an account online.

<i>Effortlessly</i>open a business bank account online 
What you get

Start your business the right way with Osome

  • Easy access to experts

    Easy access to experts

    Register your limited company with us and a dedicated business expert will always be at hand, via live chat or over the phone.

  • Effortless online process

    Effortless online process

    All you have to do is send us your documents via live chat. We fill out your Companies House application and send it to you to sign digitally.

  • Help opening a bank account

    Help opening a bank account

    Set up a business bank account based on your needs. Our partners include UK banks and neobanks that can open accounts remotely for you.

  • All documents stored in one, convenient place

    All documents stored in one, convenient place

    Safely store all your limited company's incorporation documents, ready to go from day one.

Our partners

Business bank account referrals for UK residents and foreigners

  • Airwallex

    Airwallex

    A great bank for non-residents, Airwallex boasts fantastic FX rates, a free card, and an expense management feature. You can sign up to Airwallex using our unique application link.

    Get referral
  • Wise

    Wise

    Wise enables you to send international payments and save up to six times on exchange rates. You can select from over 70 countries and pay overseas staff or suppliers with no hidden fees or exchange rate markups. Head over here if you would like to sign up.

    Get referral
  • Revolut

    Revolut

    Revolut is a global neobank which allows business owners to securely transfer money across borders in over 25 currencies at competitive rates. Open an account with this popular bank by using our referral link for unique benefits.

    Get referral
  • Cashplus

    Cashplus

    Cashplus provides prepaid MasterCards and current accounts to small businesses in the UK. Sign up with them here to get a free Business Go account, free card, and a 70% savings on payments and transfers.

    Get referral
  • Silverbird

    Silverbird

    Silverbird targets business owners trading physical goods or are in logistics. They have no transaction limits and great foreign exchange rates. Once your nature of business is verified and you've successfully signed up with Osome, we will complete the referral process.

Get our free guide on how to open a UK business bank account

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Pricing

Simple and fast company formation

The cost to register a company with Osome depends on what you need. We can simply handle the registration for you. Or we can handle your compliance and accounting needs too. Take a look at your options below:

Basic

Set up as a limited company and receive all legal paperwork

£12+ VATGet this plan
    • Company formation
    • Digital incorporation certificates
    • Share Certificate
    • Live chat with an expert
    • Exclusive offers from our Banking Partners
    • Companies House fee included
  • Optional add-ons
    • Registered London office address£100/y
    • Manual document review£49
    • Confirmation Statement£100
    • PAYE registration£50
    • VAT registration£50
What's included?

All-in-one

Register a limited company and get all compliance related to your incorporation

£139+ VATGet this plan
    • Company formation
    • Digital incorporation certificates
    • Share Certificate
    • Live chat with an expert
    • Exclusive offers from our Banking Partners
    • Companies House fee included
    • Registered London office address
    • Same-day document scanning
    • Unlimited corporate changes
    • Manual document review
    • Confirmation Statement
  • Optional add-ons
    • PAYE registration£50
    • VAT registration£50
What's included?

All-in-one

Register a limited company and get all compliance related to your incorporation

£149+ VATGet this plan
    • Company formation
    • Exclusive offers from our Banking Partners
    • Digital incorporation certificates
    • Share Certificate
    • Live chat with an expert
    • Companies House fee included
    • Registered London office address
    • Same-day document scanning
    • Unlimited corporate changes
    • Manual document review
    • Confirmation Statement
    • VAT registration
  • Optional add-ons
    • PAYE registration£50
What's included?
Testimonials

What our clients think about Osome services

Customer stories
“Osome just made everything easier.”
James Pinder, Cornish Supply Co.
“Osome just made everything easier.”
Facts & numbers

91 %of customers recommend Osome services

Review

“Their team of experts are extremely qualified to provide you the utmost experience when trying to register a company. I wouldn't trust anyone else but Osome.”

Brandon Koistinen

FAQ

  • Does Osome directly open a bank account for my newly incorporated business?

    We present you to the banks but can’t guarantee you’ll get an account. The decision is always up to the banks.

    We partner with some of the best UK banks and neobanks that can remotely open an account for you online. Each bank has its own procedure to open an account without visiting the branch. They do KYC interviews online using video conferencing and send couriers to exchange documents.

  • Can I open a business bank account in the UK if I’m not a UK resident?

    Yes, you can! We've chosen to partner with Silverbird and Airwallex which are well-suited to non-residents. Both cater to different kinds of businesses but have great foreign exchange rates.

  • What do I do if my application to open a business bank account in the UK is rejected?

    UK banks can reject any business account application on various grounds such as failed credit checks, or not providing enough ID or proof of address. They don’t have to give you the reasons why they’ve rejected you.

    Before applying for alternative solutions, it’s important to prepare future applications in detail to increase the chances of being accepted and getting the account live. You’ll be asked to provide documentation to include:

    • ID;
    • Company registration;
    • Details of Director;
    • Details of any adverse credit, including timing, amount and repayments.

    Having these to hand prior to application will not only improve your chances of being accepted for business banking after decline, but also increase the speed in which your application is processed.

  • What happens if I’m overdrawn at my old bank and want to switch?

    If you have a good or clean credit history and you have not over your arranged overdraft limit, you can switch your bank account. During the application process to switch to your new banking provider, they will likely ask you the value of your overdraft. Most banks will want to offer to match this.

    Since an overdraft is a form of credit, a credit search will be made on you by the new bank account provider. Do keep any relevant paperwork from your current bank, such as bank statements or proof of your overdraft limit, and bring this with you when you go into your new bank account’s local branch.

  • Can I open a joint current account with my business partner?

    A joint account makes your financial management as a company easier. You can track all of your business transactions in one place. Expenses will be easier to categorize in one account. You will have shared access to how much you have in your cash reserves which helps inform your cash flow; plus, your taxes will likely be easier to compile for your accountant.

    Remember, separating your business and personal finances is a crucial piece of your company’s financial management, and setting up a business joint current account is a good step.

  • Can I still access my transaction history for closed accounts?

    Generally, the answer for this is yes, and you can still access your transaction history for closed accounts as long as you have a registered account with your bank. However, how long you can access it after you have closed your account differs from bank to bank. According to UK regulation, banks need to give you access to up to 5 years of your transaction history at current account closure.

    Usually, accounts which have been closed due to fraud or other unlawful activity, impairment or which have had no activity in a long while will not be eligible to receive transaction history.

Ask your question
Resources

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Osome Partners With UK’s Entrepreneur Guru, Simon Squibb

Osome has partnered with Simon Squibb to help turn aspiring entrepreneurs’ dreams into a reality. The partnership aims to promote free incorporation to 10,000 businesses in the UK in our mission to grow small businesses and start-up communities.

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