Do I have to use a business bank account?

Only sole traders based in the UK are allowed to use a private bank account with our services. In all other cases, you need a business bank account. We will not be able to pay you on a private bank account, even if it is strictly used for business purposes. 

To sign up with us, your bank account needs to meet the following requirements:

  • The account has a business bank account number and sort code (exception only for sole traders in the UK).
  • Your bank account is in the name of your company. We check if the company name you submit is the same as the name of the bank account owner. If in doubt, we will ask you to provide us with proof that your bank account is a business one.
  • The company that owns the bank account must be registered with Companies House.

 

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