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

 

[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]

Many thanks!

Revolut, Transferwise and Tide are EMIs.‌

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

 

[carlosbl]

The UBOs are non-resident in the UK.

 

[CaptK]

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]

Thanks for your answer.

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

 

[tacokai]

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.