top of page
Search
  • Writer's pictureNeal Tanner
    • Nov 25, 2020
    • 1 min read

Coronavirus: Opening a bank account

Start-up firms are being "stifled" at birth as they find it almost impossible to open a business bank account.

Major banks are closed to new applications for business current accounts, or warning of long delays.

Entrepreneurs have expressed dismay of how requests for a new account "disappear down a black hole". One lobby group said such firms were fundamental to any economic recovery, but banks say they are busy processing coronavirus loan support schemes.


Kashbox Accountants can help new businesses open business bank accounts, having knowledge of the banks that are offering rapid account opening. Contact us for more details.

4 views0 comments

Recent Posts

See All

Self employed have until the 6 June 2021 to complete your claim for 80% of your 3 months average earnings as a single, taxable instalment capped at 80%. Key eligibility requirements for the fourth SEI

The third SEISS grant will be based on 80 per cent of three months' average trading profits, paid out in a single taxable instalment capped at £7,500, and will cover the period from 1 November to 29 J

While some of us were busy baking banana bread, others were launching their own businesses UK’s budding entrepreneurs are making it work, against all the odd's. Despite the uncertainty of the new norm

bottom of page