If you are planning to start a business in the UK, or develop an existing one, without opening a business account you can not do. A business Bank account is fundamental in the field of financial management, both for new business and well established.
When choosing a bank account for business is extremely important to determine the specific needs of your company, and then to compare offers from different banks for business accounts to find the most suitable option.
Free banking services
Currently, there are several banks that offer free banking services for a period up to 18 months (for example, Santander, Lloyds TSB, HSBC) or up to 2 years (for example, Barclays, NatWest). Some banks only do it for start-up companies (e.g., Royal Bank of Scotland), and others for any enterprise.
Most banks will automatically begin to charge at the expiration of this period, so you should carefully study offers of different banks and take note for the future, even if you need to open a basic business account.
Paid services
Most banks will charge a monthly fee for their services, others annual, therefore it is necessary also to understand and to know in advance which type of account will suit you. Monthly payment sometimes depends on the size and annual turnover of your company for a small business banking account accumulates and less pay than one that is designed for large corporations.
Many banks apply fees for cash withdrawals, transfers, cashing and issuing of cheques for foreign currency transactions. A small fee may also be charged for the overall maintenance of a current business account.
To open a bank account you are requested to open a personal Bank account (if that is not there), without it the British banks are usually business account is not open, and also to prove its reliability by providing:
proof of address for the last 3 months (e.g., invoices, statements, reports from another Bank coming to your address);
information about the activities, estimated turnover and the volume of remittances;
a brief business plan of your business (although it may not be, suffice it to say, what you will do)
documents confirming the existence of the business (the document on registration of the company will suffice)
All this takes considerable time and sometimes do not want to stand in queues and just to solve all the problems, eliminate faults you will be able to help the project Monaize.
Monaize is a European e-banking platform that provides a mobile-first current account for freelancers and small
businesses. Monaize is the first platform to provide an instant KYB (Know Your Business) on-boarding process allowing users to create a business current account in less than five minutes with a smartphone.
Now you can open your business account in just a few minutes by following these steps:
prepare your good quality photo and a receipt with confirmation of your place of residence
to enter your personal data and information about your business
make photo of your receipt with proof of address and personal document
wait until all will be checked in real-time
Monaize's straightforward service offering lets users:
Open a business bank account with an IBAN number, a Monaize Business Mastercard and a mobile application.
Take out professional insurance: Public liability insurance adapted to the specific needs of the business.
Obtain a payment system via mPOS, SMS/E-mail, on site widgets for E-commerce.
Access crowdlending solutions in order to finance their business.
The Monaize token is created with Komodo Platform’s ‘asset chain’ technology. It is a Proof-of-Work blockchain that uses Equihash mining.
It is very convenient and quick to resolve such issues. All the essential links you can find below. Join ICO.
Site https://monaize.com
Whitepapper https://monaize.com/assets/pdf/monaize_whitepaper.pdf
Bitcointalk https://bitcointalk.org/index.php?topic=2277572
Twitter https://twitter.com/monaizeuk?lang=enTitle
Facebook https://www.facebook.com/monaizeuk/
My bitcointalk account https://bitcointalk.org/index.php?action=profile;u=1184171