Formations House is specialists in company formation, starting companies, creating new limited companies, shelf list, ready made, of the shelf, secretarial service, registered office, ready made list, offshore, akiod, same day, limited companies, qadl, uk incorporations, private limited companies, formation agent, creating limited companies, ready made list, english company formations, plc, public limited companies, companies house, compny, cmpany, company, new business, forming a new business, company registrations, company registras, company registrars, paramount, direct, companies international formations, UK, london.

BANKING

BANKING SERVICES PROVIDED BY FORMATIONS HOUSE IN THE UK

Once your company is incorporated and starts trading, you will need a bank account in order for the company to carry out all its financial transactions smoothly.

Formations House is able to provide you with a business bank account opening service.

HOW MUCH TIME IS REQUIRED TO OPEN A BANK ACCOUNT?

It takes approx. 10-14 working days to complete the bank account opening procedure.

IN WHICH BANK IS THE ACCOUNT OPENED?

The bank account is opened in the British Bank, Central London branch.

WHAT ARE THE BANKING FACILITIES PROVIDED?

Bank account comes with the following facilities:

Cheque Book
Credit Card
Debit Card
ATM
Internet Banking

Please note that although the bank account is opened, it is only activated after the first fianancial transaction is made. Also note that Formations House provides you with the details of your bank account and cheque book only; you will need to apply for the credit and/or debit cards yourself.

IN WHICH CURRENCIES CAN THE BANK ACCOUNT BE OPENED?

Bank account can be opened in one of the following currencies:

Euros
Pound Sterling
US Dollars

CAN A PERSONAL BANK ACCOUNT BE OPENED FOR ME BY FORMATIONS HOUSE?

No, Formations House only opens business bank accounts for UK registered companies.

WHAT ARE THE REQUIREMENTS TO OPEN A BANK ACCOUNT?

Formations House can open bank accounts for the non-UK resident customers without any need for them to personally attend the bank account opening procedure. The following documents are required in this regard for all the proposed signatories of the account:

Notarized Copy of Passport,
Notarized copy of Driving License,
2 x notarized proof of residence i.e. copies of last two months utility bills,
Notarized bank statement for last three months .

Please note that if you do not have a passport, you will not be able to open a bank account in the UK.

Non-residents can send their utility bills and bank statements from any country where they reside. There are no nationality or residence restrictions in this regard.

UK residents can also use a Council Tax Bill as utility bill.

Please note that all the above documents must be in English language.

In case you have not used Formations House company formation services, then the following documents are required to open a bank account:

Certificate of Incorporation,
Articles & Memorandum of Association,
Notarized Copy of Passport,
Notarized copy of Driving License,
2 x notarized proof of residence i.e. copies of last two months utility bills,
Notarized bank statement for last three months.

CAN FORMATIONS HOUSE OPEN A UK BANK ACCOUNT FOR A COMPANY REGISTERED OUTSIDE THE UK?

No, Formations House can only open bank accounts for companies registered in the UK.

CAN FORMATIONS HOUSE OPEN A MERCHANT ACCOUNT?

Formations House is also able to open merchant accounts. The fee for this service is £250.00 and it takes us approx two weeks to complete this procedure. The requirements for opening merchant account are identical to the requirements for opening a normal business bank account.

DOES FORMATIONS HOUSE OFFER BANK ACCOUNT OPENING FOR OFFSHORE COMPANIES?

Yes, Formations House offers bank account opening for companies rgistered in the following jurisdictions. For details of banking services in these jurisdictions, please click on your desired jurisdiction.