If you have had problems with your credit history then this guaranteed business account may help you rebuild your credit history by showing you can manage the account and finances successfully.
The only restriction on the guaranteed bank account is that it does not supply a chequebook. It also does not allow you to accept cheque payments as there is no cheque clearing facility. This means you will need to ask customers to pay you by bank transfer which is most peoples preferred payment method now anyway. If you obtain merchant account facilities (credit card taking facilities) then the merchant account can pay into this bank account so would give you further options for receiving payments from your customers.
There is an annual fee of £29.99 for the account and a charge of £2 if you withdraw cash for a cash machine. Making and receiving UK bank transfers are free of charge.
To apply for your guaranteed bank account now click here – Guaranteed Business Bank Account
Prices correct at time of publication in January 2013.
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