Best bank account (no EMI) for an UK LTD

[carlosbl]

Hi to all,

What bank would you select for an UK LTD?

• Not an EMI.
• EUR account, USD option.
• Online application.

Thanks in advance.

 

[Art for Tree]

Hi!
UBO of a company is UK resident?
Starling Bank and HSBC - these banks are the working solutions.
By the way, we can help you with opening bank account for your UK LTD.
Our website: Mayon Solutions ”” Legal & finance engineering

Last edited: Mar 9, 2021

 

[manukahoney]

Revolut, Starling, Tide - they all open accounts online without any hustle. Revolut does have EUR, Tide doesn't. Don't remember about Starling though.

Transferwise is brilliant as well, EUR/GBP/USD accounts available.

If you are solo director/owner - HSBC Kinetic can be applied remotely.

 

[carlosbl]

manukahoney said:
HSBC Kinetic
Click to expand...

Many thanks!

Revolut, Transferwise and Tide are EMIs.

I am exploring the non-EMIs online banking world for an UK Ltd.

Last edited: Mar 9, 2021

 

[carlosbl]

Art for Tree said:
Hi!
UBO of a company is UK resident?
Starling Bank and HSBC - these banks are the working solutions.
By the way, we can help you with opening bank account for your UK LTD.
Our website: Mayon Solutions ”” Legal & finance engineering
Click to expand...

The UBOs are non-resident in the UK.

Last edited: Mar 9, 2021

 

[CaptK]

carlosbl said:
The UBOs are non-resident in the UK.
Click to expand...

Very difficult without UK resident UBO

 

[bizniz]

What exactly do you expect from a bank that you won't get from an EMI? Serious question... I know there are some good reasons like trade finance or corporate credit lines -but if you just read on some forum that EMIs are not as good as banks you might want to reconsider 😎

CIM Bank in Switzerland could be a option. Handelsbank, Varengold, Bank Frick... Boslil, Hamilton Reserve Bank Nevis... so it really depends on your transaction profile.

 

[carlosbl]

bizniz said:
What exactly do you expect from a bank that you won't get from an EMI? Serious question... I know there are some good reasons like trade finance or corporate credit lines -but if you just read on some forum that EMIs are not as good as banks you might want to reconsider 😎

CIM Bank in Switzerland could be a option. Handelsbank, Varengold, Bank Frick... Boslil, Hamilton Reserve Bank Nevis... so it really depends on your transaction profile.
Click to expand...

Thanks for your answer.

I don´t have plenty of experience with EMIs, but I have heard they usually have more restrictions than a traditional bank. For example incoming and outgoing transfer limits, and limitations of the countries where transfers are allowed (for example, transfers with countries like Ukraine are not allowed by Revolut).

 

[tacokai]

carlosbl said:
Many thanks!

Revolut, Transferwise and Tide are EMIs.

I am exploring the non-EMIs online banking world for an UK Ltd.
Click to expand...

you must be prepared to travel, spend some money on a lawyer and tax advisor to prepare the documents to fit banks requirements. So you need a clean business model as well as some great amount of money! That's what it takes.

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