Your Business Account in the UK 🇬🇧

Yes, a foreigner can open a business bank account in the UK. Many banks in the UK offer non-resident or international business banking services, allowing businesses from outside the UK to open accounts, however, this process may be more challenging with traditional banks.

If you are not yet ready to approach a brick-and-mortar bank, consider MultiPass multi-currency account for simple local payments in GBP and over 70 other currencies. We onboard companies from a wide list of countries.

Yes, US residents can open a business bank account in the UK. The type of account they can qualify for usually depends on whether they have a residency permit in the UK or not. They may be eligible for a traditional brick-and-mortar bank account or one of the digital banking options usually registered as electronic money institutions.

Yes, it is possible to open a UK business bank account from overseas. Many UK banks offer services for international clients and provide online account opening options. However, specific requirements and procedures may vary, so contacting the bank directly is advisable.

However, you don't need a local UK bank to start sending or collecting payments in GBP. Consider MultiPass multi-currency IBAN with fully online onboarding.

To open a business account in the UK, you typically need documents such as proof of business registration, identification for all account signatories, proof of address, business plan, financial statements, and sometimes additional information depending on the bank's requirements.