Free business bank account

Using the facilities of Cater Allen, part of the Abbey national Group, we have been able to negotiate an extremely attractive FREE banking package for our visitors:-

Key Features and Benefits

• No minimum balance required
• Funds may be held in sterling, euro or US dollar
• 30 free transactions per month
• Monthly statements
• Full cheque book and banking facilities - bill payments, standing orders and direct debits + internet banking
• VISA Business deferred-debit card - with no annual fee (new incorporations eligible after 6 months, see second section to apply) - conditions apply, please see Part 1 of 'Business Account' application form
• Competitive tiered rates of interest, so the larger the balance the greater the return.

Please note that there is NO minimum balance required for our clients.

Please download either (1) the Limited Company (form is for new incorporations) or (2) Sole Trader/Limited Companies incorporated 6 months+ application form from the sections below for completion, and send to:

Contractor UK Ltd,
1 Northumberland Avenue,
Trafalgar Square,
London
WC2N 5BW

Any enquiries should be sent to caterallen@contractoruk.com. Cater Allen will not accept any direct applications, therefore please make sure you do NOT send them direct to Cater Allen.

Please enter the reference 52206490 next to "master account number" in the top right hand corner of page 1 of the application form.

1. LIMITED COMPANIES - NEW INCORPORATIONS

Click New Limited Companies application for an Application Form which should be completed and sent to us at the address above. This application is designed for new companies who won't qualify for the Visa deferred debit card. Supporting ID is required for signatories on the account. Please download and complete this Customer ID requirement form and send this in with the ID documents in addition to the main application form.

• Tick ‘Reserve Account’ on Part 1 of the application form and the currency you require the account to be in. Please note clearance of foreign cheques do incur charges.
• Please complete the business name to be shown on the account and contact details for this business bank account in Part 2.
• Please fill out Professional Adviser's Details in Part 3 (Contractor UK)
• Please complete Part 4 with home address details (full 3 year history) and personal bank account details for authorised signatory(ies). CVIC is not relevant to applications made through Contractor UK, so leave that box blank but do send in customer identification.
• Please complete Part 5 with the date, company name and please also indicate how many to sign, if there is more than 1 authorised signatory.
• Please also remember to sign Part 7 (Authorised Signatory/ies).
• For a Limited Company that does not have a Company Secretary, the application needs to be countersigned by a “witness” Part 8 (continued). The witness needs to also quote their full name and address where indicated. Please note the “witness” does not need to provide any Identification documents.
• Enclosing a cheque for £1 made out from a personal bank account (of each authorised signatory) to your company name will speed up processing as this provides a signature check.
• The only card available on the Reserve Account is a Visa Deferred Debit card – this is available to companies incorporated longer than 6 months, have £5,000 funds and can demonstrate am average business bank balance of the same for the previous six months. Please use the 'Business Account' application form below if you qualify and wish to apply for this card.
• **Any section containing crossings out or tippex will be returned for a "clean" version.**
• More information and current interest rates here.

2. SOLE TRADER & COMPANIES INCORPORATED 6 MONTHS+

Click Business Account application for an Application Form which should be completed and sent to us at the address above.

Supporting ID will need to be provided (two items from Part 11). Original documents will be returned by the bank.

Completing this form will give limited companies incorporated longer than 6 months the option to apply for the Visa Deferred Debit Card, please send business bank statements to demonstrate an average balance of £5,000 for the previous six months. The bank will also need to see £5,000 funds in your account to issue this card.

FREE PERSONAL BANKING

Free personal banking available with Contractor Alliance membership. Membership costs just £25+VAT for the year.

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