Your Business Account in the UK 🇬🇧

Q: Can a foreigner open a business bank 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 30 other currencies. We onboard companies from a wide list of countries .

Q: Can US residents open a business account in the UK?

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.

Q: Can you open a UK business bank account from overseas?

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.

Q: What do I need to open a business account in the UK?

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.

Open a business account to operate in the UK with or without local presence. Get multi-currency IBAN to manage GBP, EUR, USD and other currencies just like local companies do.

Open account

A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within the UK 🇬🇧

Account details:

Account number
& Sort code

Currencies:

GBP

Supported payment networks:

Faster Payments

Delivery time:

0-1 business day

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 30+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Reliable & transparent banking, designed for international business

Worldwide transactions

Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.

Wholesale FX rates

Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.

Business cards

Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.

Dedicated support

No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.

Digital onboarding

Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.

Trusted service

MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market.

How to send money to
the United Kingdom 🇬🇧 with MultiPass

Convert your currency to GBP

Save on FX vs traditional banks. Hold GBP in your account and avoid unnecessary conversions.

Choose recipient in the United Kingdom

Make a payment to their local account details

From 0.50 GBP per payment

Payment delivery up to 5x faster than SWIFT

Pricing

Account opening

29-450 GBP

Account maintenance

29-250 GBP/month

IBAN + local UK, US details issuing

Free

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in UK like a local

free to 1 GBP

Share your new account details with your customers in the UK, allowing them to pay you as easily as they would a local company.

Pay overseas staff cheaper & faster

from 0.50 GBP

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.