Business Bank Accounts in the UK: Digital, Seamless, and Expertly Supported
Opening a Business Bank Account with Ease
Starting a UK business is one thing, but securing the right business bank account is essential for managing finances effectively. Osome simplifies this process by providing remote guidance and connecting entrepreneurs with partner banks—including traditional and neobank options—that can open accounts online. This eliminates the need for branch visits and expedites setup through digital document submission and expert support—an ideal solution whether you’re a UK resident or operating internationally.
Dedicated Expert Assistance
When you register your limited company with Osome, you’re paired with a dedicated business expert accessible via live chat or phone. They guide you seamlessly through the process of setting up your business bank account, helping you select the most suitable provider and ensuring that all documentation flows smoothly and securely.
Remote Account Setup and Document Management
Osome’s process is entirely digital. You simply upload your documents via chat, and Osome handles the Companies House application and sends it to you for a digital signature. They also offer storage for all incorporation documents—making everything accessible and organized from day one.
Bank Options Tailored for Every Business Need
Through their partnerships, Osome can refer you to a variety of banking providers based on your business requirements:
- Airwallex: Ideal for non-residents, offering excellent foreign exchange rates, a business card, and spending management features.
- Wise: Perfect for international transactions, allowing transfers to over 70 countries with minimal hidden fees or unfavorable exchange rates.
- Revolut: A global neobank with multi-currency support, enabling secure transfers across 25+ currencies with competitive pricing.
Transparency and Flexibility in Pricing
Osome offers clear pricing options post-company registration, ranging from simple formation packages to comprehensive compliance solutions. Whether you need just the basics (£50 for registration) or a full-service package with bookkeeping and VAT setup (priced up to £299+VAT), they provide flexibility to start and grow.
Serving Non-Residents with Ease
Osome’s bank referral system extends seamlessly to non-UK residents. They partner with Airwallex and Wise, both adept at serving international founders, ensuring that non-residents can open and operate UK business bank accounts without unnecessary friction.
Practical FAQs for New Business Owners
Osome’s comprehensive FAQ section addresses common queries, such as:
- They don’t guarantee account approval—that decision rests with the banks, though Osome facilitates the process through reliable partners.
- Documentation requirements typically include ID, company registration, director details, and proof of address in case of an initial rejection. Having these prepared speeds up subsequent applications.
- Joint business current accounts are allowed and can simplify expense tracking, though separating personal and business finances remains a vital best practice.
- Clients can access transaction history for up to five years after account closure, subject to bank policy.
Streamlined Integration with Osome’s Platform
Beyond bank referrals, Osome integrates business banking with its own suite of services—accounting, compliance, invoicing, and financial dashboards—offering a unified solution to manage company finances efficiently.
