Originally written by Partner Content on Small Business
Having the right bank account is integral to running your small business.
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UK Finance has teamed up with UK banking providers to pull together some guidelines on what you need before you apply for a business bank account.
These rules only apply to existing businesses that have a turnover of less than £6.5 million, have a clearly-defined ownership structure and all of the business’ owners operate in the UK.
In general, UK Finance recommends that you get the following bits of documentation ready in advance. Most business current account providers will be looking a few key pieces of information.
One document to prove your identity:
Your full and valid UK or foreign passport
Your national identity photocard
Your full UK paper driving licence
Your full UK or foreign photocard driving licence as issued by a member state of the EU or the EEA
One document to prove your address in the UK:
Your full UK