Business Banking

121 Company Formation works with various banks and financial services companies that provide a range of banking products and services that a new a company will often need.

121 Company Formation works with various financial resource companies that provide a vast range of services and products your company will need if it is to get off to a flying start.

When you use our services to form a company, we will automatically offer you the option of a fast-track referral service for banking facilities with one of the companies listed below. These are all financial institutions that we know would be interested in working with a company such as yours based on the information we hold for you and who would be happy to offer their products and services to you subject, of course, to their own eligibility criteria.

Unfortunately, currently we do not offer bank accounts for non-UK resident customers.

List of Banking Partners below*:

Choose Counting Up on the Business Banking referral page whilst completing your company order. You will receive an email containing a link to open your account with Counting Up once your company has been formed, and your business bank account should be opened minutes later
What does Counting Up offer?
  •   More free time to grow your business
  •  Your accounting takes only five minutes per week
  •   Your data is accessible anytime, from anywhere and in a safe and secure cloud
  •   Stress-free banking and in control of getting paid on time
  •   Full confidence that you are paying the correct tax and that your business is performing in real-time.

Terms and Conditions apply. Counting Ltd designs and operates the Countingup website and app. Company Number 10729748. The Countingup business current account is an e-money account provided by Prepay Solutions ("PPS"), a trading name of Prepay Technologies Ltd which is an electronic money institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 900010) for the issuing of electronic money. PPS holds an equivalent amount to the money in Countingup current accounts in a safeguarding account with Barclays Bank PLC which gives customers protection against PPS' insolvency. The Countingup Mastercard is issued by Prepay Technologies Ltd pursuant to a licence by Mastercard International.

Cashplus does not require a credit check to open an account. During the order process, select Cashplus and an email and text will be sent as soon as your company has been incorporated which will contain instructions on how to open your account.
What does Cashplus offer?
  •   Suitable for any type or size of business
  •   100% approval-guaranteed bank account once you are verified
  •   An Instant Banking Account number and a ready to use sort code
  •   No credits checks = No barriers to open your account
  •   Up to  £2,000 can be borrowed if approved
  •   Mobile app and online service allows for faster payments and transfers
  •   Pay in and withdraw cash at any UK Post Office
  •   Fully integrated with accounting software
  •   No monthly fees – just £69 annually
What does Cashplus need from you?
  •  You must be over 18 years old
  •  Proof of identity
  •  Proof of address
  •  Valid email address
  •  Smartphone or computer to access your account

Disclaimer
Cashplus is a trading name of APS.
More details about how your information is used can be found under the heading ‘Protecting your personal data’ in the Cashplus Terms and Conditions.
The information APS Financial Ltd (“AFL”) and Advanced Payment Solutions Ltd (“APS”), hold about you, will be used to provide the products and services requested and for identification, account administration and fraud/loss prevention purposes.
AFL are the issuer and operator of your Cashplus Mastercard and the operator of your Cashplus current account.
APS provides card administration services on behalf of AFL.

Add Barclays Free Business Banking to your shopping cart at no cost. Your details will then be sent through a secure link to Barclays who will contact you within 48 hours and arrange for an account opening meeting with a dedicated and allocated Business Manager.
What do Barclays offer?
  •  A reliable, high-street bank
  •  Up to three free account options
  •  Cash back with the Barclays Blue Rewards programme
  •  The Barclays app which allows you to access your account anywhere, anytime
  •  Telephone and online support 
  •  Local branches for additional support
  •  Overdraft facilities 
What do Barclays need from you?
  • Proof of identity:
    •   One document to prove your identity
    •  One document to prove your address in the UK
    •   Further documentation to prove your company address
  • Company details:
    •   Certificate of incorporation
    •   Companies House registration documents
    •   Basic information about your business
    •   Personal details of the directors

Important information
We do not offer bank accounts to non-resident UK customers

To set up a bank account with Barclays, you must have a Barclays or Barclaycard account and have a mobile phone number and be aged 16 or over to use the Barclays mobile app.

In only five minutes, Tide offers you a sort code and account number. It makes accounting that much easier with auto-tagged transactions and allows you to apply for credit in minutes, receiving money instantly in your account once approved.

Choose Tide on the Business Banking referral page whilst completing your company order. You will receive an email containing a link to open your account with Tide once your company has been formed, and your business bank account should be opened minutes later
What does TIDE offer?
  •  No monthly fees on standard accounts
  •  Auto-tagged transactions and expense management features
  •  An app that allows you to pay and send invoices
  •  Manage accounts for up to five companies on one phone
  •  Integrates with your favourite accounting software
  •  Connect to your favourite accounting software
  •  It takes only five minutes to open an account
ANNA Money allows you to open a business account in minutes, gives you a debit card and looks after your cash-flow by creating, sending and politely chasing all your invoices.
What does Anna Money offer?
  •  24/7 UK-based customer support
  •  Software that enables you to use the platform for invoicing clients 
  •  Back-office assistance. 
  •  The option to acquire shares in the company and meet and greet opportunities with networking events 
  •  Zero account-keeping fees for three months
  •  Help with tax services
What does Anna Money need from you?
  •   You must be over 18 years of age
  •   Personal details (name, address and date of birth)
  •   An ID photo such as your driving licence or passport
  •   Business details and proof of address
  •   Companies House number or other relevant details
  •   Unique Taxpayer Reference

Terms and conditions apply.
Absolutely No Nonsense Limited. 'ANNA' is a trademark of Absolutely No Nonsense Limited. Registered Office: Capital Tower, Greyfriars Road, Cardiff, Wales, CF10 3AG. Company Number: 10149389. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by Wirecard Card Solutions Ltd ("WDCS") pursuant to licence by Mastercard International Incorporated. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051)

*Please note that the range of banks made available to you during the formation process may change from time to time

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