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Help & Advice

Got a question or a problem? Don't worry, our comprehensive help & advice area will answer all your questions!

If you have a question that we haven't answered here, then please do drop us a line.

Do ready made companies come with a bank account?

The simple answer is no. To get a bank account for a limited company all banks carry out reference checks on the officers of the company. Banks will not open accounts for companies that have no actual people as officers of the company. Therefore to get a bank account someone would have to apply to the bank proving who they are and go through the normal credit checks. They would then have full access to the account. Do not be misled by agents that offer shelf companies with bank accounts. They may provide you with account opening forms, they may assist you with completing the forms, but it is very unlikely that the account is actually open. Even if an account were open for a company, you could not personally use the account until the bank conducts reference checks on you. If in any doubt why not ask for proof that the account is open, for example the opening statement for the account.

The reality is that an agent offering a ready made company with a bank account has probably agreed with their local bank to refer all clients directly to them. This simply reduces your choice in selecting a bank preferable to you and does not assist in improving the speed of the account opening itself.

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