Too much paperwork to open Business deposit Account!
This bank does not check your limited company out via Companies House ... They are old fashioned and request the following making it a nightmare to open business deposit account!
Certificate of Incorporation
Memorandum of Association & Articles of Association
List of directors, shareholders, owners/ beneficiaries on Company’s Letter Head signed by Company’s Director if company is in UK and by Third Party Professionals (CA/ACA/CPA/Solicitor) if company is not registered in UK
ID (Copy of Passport/DVLA) for all Executive Directors, shareholders, authorised signatories, owners/ beneficiaries (significant shareholding but necessary in cases of 25%)
Proof of address (Bank Account Statement/Council Tax Bill/Utility Bill not older than 90 days) for directors, shareholders, authorised signatories, owners/ beneficiaries (significant shareholding but necessary in cases of 25%)
3 months Bank statement for Directors/Signatories
Proof of Business address
Bank account statement showing at least one transaction not older than 90 days
Latest Utility Bill
Business current account or Business credit card statement addressed to the business at the trading address (less than three months old)
Business plan / activities (for new companies)
Audited Financial Statement for last 3 years
Complex ownership/company structures – (a company structure chart must be provided if complex) certified by Third Party Professionals (CA/ACA/CPA/Solicitor)
6 months Bank statement of the company
YOU MUST BRING THE BANK BACK OFFICE INTO THE 21st CENTURY!!! All this paperwork NOT needed! Look how other banks and building societies operate!