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  • Writer's pictureNeal Tanner

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.

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