| View previous topic :: View next topic |
| Author |
Message |
aronnok
Newbie
Joined: 15 Sep 2012
Posts: 3
|
 Posted: Sat Sep 15, 2012 7:19 pm Post subject: Business bank account |
 |
|
Hi
I am on PSW. I have registered a Limited Company with companies house. I only got 2 months of visa left on my PSW. I tried to open a Business bank account but Banks refused me because I dont have at least 3 month visa. I got £25k in my personal account but I haven't invested anything yet. The rest of the money will be sponsored by my friend. My question is: Is it mandatory to open a business account before applying for visa? |
|
| Back to top |
|
 |
|
|
rajm2012
Member of Standing
Joined: 10 Jul 2012
Posts: 101
|
| Posted: Sat Sep 15, 2012 9:50 pm Post subject: Re: Business bank account |
|
|
| aronnok wrote: | Hi
I am on PSW. I have registered a Limited Company with companies house. I only got 2 months of visa left on my PSW. I tried to open a Business bank account but Banks refused me because I dont have at least 3 month visa. I got £25k in my personal account but I haven't invested anything yet. The rest of the money will be sponsored by my friend. My question is: Is it mandatory to open a business account before applying for visa? |
If you don't open a business bank account, how will you show a trading contract? I guess you can show just the contract and not the transaction but in my opinion, it will look more genuine if you show invoice and your business bank account statment along with the contract.
Which bank do you have your personal account with? |
|
| Back to top |
|
|
smehmood
Senior Member
Joined: 01 Aug 2012
Posts: 287
Location: Uk
|
| Posted: Sat Sep 15, 2012 9:50 pm Post subject: Re: Business bank account |
|
|
| aronnok wrote: | Hi
I am on PSW. I have registered a Limited Company with companies house. I only got 2 months of visa left on my PSW. I tried to open a Business bank account but Banks refused me because I dont have at least 3 month visa. I got £25k in my personal account but I haven't invested anything yet. The rest of the money will be sponsored by my friend. My question is: Is it mandatory to open a business account before applying for visa? |
hi
Not at all.
_________________
Shaukat |
|
| Back to top |
|
|
ajatifshah
Newbie
Joined: 15 Sep 2012
Posts: 2
Location: Glasgow
|
| Posted: Sat Sep 15, 2012 11:05 pm Post subject: Re: Business bank account |
|
|
| smehmood wrote: | | aronnok wrote: | Hi
I am on PSW. I have registered a Limited Company with companies house. I only got 2 months of visa left on my PSW. I tried to open a Business bank account but Banks refused me because I dont have at least 3 month visa. I got £25k in my personal account but I haven't invested anything yet. The rest of the money will be sponsored by my friend. My question is: Is it mandatory to open a business account before applying for visa? |
hi
Not at all. |
Hi,
My friend their are some banks they offer bank account without Credit check and 100% guaranteed.For example: try following links.
Get your Cashplus prepaid card now.
100% guaranteed*
No credit checks
http://www.mycashplus.co.uk/business/default.aspx
http://www.thinkbanking.co.uk/no-credit-check/
These banks charge on Monthly basis but their is an hope.You can check this.
thankyou |
|
| Back to top |
|
|
entreprenuer11
- thin ice -
Joined: 21 Sep 2012
Posts: 144
|
| Posted: Sat Sep 22, 2012 12:17 pm Post subject: Re: Business bank account |
|
|
| aronnok wrote: | Hi
I am on PSW. I have registered a Limited Company with companies house. I only got 2 months of visa left on my PSW. I tried to open a Business bank account but Banks refused me because I dont have at least 3 month visa. I got £25k in my personal account but I haven't invested anything yet. The rest of the money will be sponsored by my friend. My question is: Is it mandatory to open a business account before applying for visa? |
NO its not a requirement, do not waste your time in banks. |
|
| Back to top |
|
|
afzalfinance
Member
Joined: 23 Sep 2012
Posts: 50
Location: United Kingdom
|
| Posted: Sun Sep 23, 2012 5:22 pm Post subject: |
|
|
A registered company with Company House should have a seperate Business Bank account , having same Title as of your Business, bcs the business is considered a seperate legal entity from the individual.
You may not get this infomration on UKBA but if you consult an accountant they will help in clearing this point.
However if you intend to apply for a visa in the capacity of Sole Trader where you dont need to register with Company house but just need to register as Self employed with HMRC, then your personal account is enough and you dont need to waste time on opening business account.
_________________
God help those who help themselves |
|
| Back to top |
|
|
RizKCB
Member of Standing
Joined: 15 Mar 2010
Posts: 114
|
| Posted: Sun Sep 23, 2012 7:34 pm Post subject: |
|
|
If you have registered a company then the business account will act as an ID of your business. Do not put your funds in business account because it wouldn't be in your name. It's title would be with your business name not with yours. It is mentioned in policy that main funds must be in the account with your own name.
For business account , Did you try HSBC or the bank where you already have account? If not then go there immediately. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Register
Private Messages
Profile
Log in
