Customers are screened at onboarding to ensure we can provide our product and services for their business. We would love to help as many businesses as possible; nonetheless, we had to place certain restrictions to comply with regulations.
We can only onboard businesses that meet the following criteria:
registered business in the UK
a valid UK banking account for the business
business tenure of more than 1 year
applicant is at least 18 years old with a permanent UK home address
Supporting documents must be provided for all owners and shareholders:
A valid national identity card, driver’s license or passport
proof of personal address (if different from ID)
At times, we may ask for other supporting documents if we are unable to complete automated verification.
Restricted industries include:
|
|
Business types that we also cannot onboard include:
Partnerships, including Limited Liability Partnerships (LLPs)
Limited companies by guarantee
Charities
Community interest company (CIC)
Clubs or other non-registered organisations
Trusts, funds or Special Purpose Vehicles (SPV)
For more information on how our compliance process works, click here.