Smart advice for your small business banking
Small business banking refers to financial services and products specifically designed for small businesses. It caters to the unique banking needs of entrepreneurs, startups, and small-scale enterprises. Small business banking offers a range of services and support to help businesses manage their finances, access credit, and streamline their banking operations.
Open An AccountBanking service evolved
Small business banking offers a range of services and support to help businesses manage.
Get StartedFunding for your business
Small business banking offers a range of services and support to help businesses manage.
Get StartedBusiness card rewards
Small business banking offers a range of services and support to help businesses manage.
Get StartedPayments taken ease
Small business banking offers a range of services and support to help businesses manage.
Get StartedHow to open a small business account
To open a small business account, you can follow these general steps
Gather required documentation
Successful compliance and risk management programs are built on effective KYC (know your customer) processes. Compliance with KYC requirements is essential for businesses in many regulated industries with non-compliance resulting in costly fines, a higher risk of fraud, and lower customer trust. In fact, identity fraud has risen 44% since 2019, which has led to an exponential increase in financial fraud. Consumers reported losing more than $5.8 billion to fraud in 2021, up more than 70% from the year before, according to newly published Federal Trade Commission data. KYC requirements for banks ensure advisors are aware of their clients' financial situation and risk tolerance to avoid the possibility of fraud.
Visit the bank or apply online
Most of our bank accounts can be opened online, either on our website, mobile Banking app or Internet Bank.
Receive account details and access
But if you’re new to receiving bank transfers, you might wonder what account details to provide to the sender so that the transfer is ultimately successful and the intended funds reach you.
Small business checking accounts
Basic Business Checking
Open a free business current account in minutes and get everything you need to run a better business. Access a business account complete with simple payment solutions, built-in accounting as well as a dedicated savings account that earns you 3.55% AER variable interest on your business savings
Current Accounts are provided through our partner, ClickBank. To find out more, read our T&Cs. For more information on our Van Haven Bank Instant Saver Account, check out our Summary Box
Open An AccountBusiness Interest Checking
We’ve built a business savings account that helps you grow your capital and be prepared for the future – with the flexibility to access your funds whenever you need them.
Earn 3.55% AER variable interest, on up to £75,000. Instant access to your savings. No limits or fees on withdrawals
Open An AccountSome simple steps to open an online savings account
Business credit and financing Explore different banks that offer online savings accounts. Consider factors such as interest rates, fees, customer reviews, account features, and the banks reputation.
Mobile banking Once you have chosen a bank, visit their official website. Look for section or page dedicated to opening a new account. Most banks prominently display a "Open an Account" or "Apply Now" button on their.
Online Banking Fill out the online application form with your personal information. This may include your full name, address, date of birth, Social Security number or tax identification number, employment information
Cash management solutions After submitting your application, you will typically receive a confirmation that your application has been received. The bank will then review and process your application.
Experience helps your small business grow
Check your customers credit
Fast, Simple Online KYC Checks — Carry Out An AML Check On Business, Stakeholders And Individuals In A Matter Of Minutes
Debt collection for small business
Write Off 100% Company Debts — We don’t liquidate, we assist you through a company sale along with debts & liabilities. Super Quick and Easy Process; we can Legally sell your company within 2-3 working days.
manage your business credit
Find The Best Expense Management Solutions To Automate & Streamline Your Business Expenses. Compare The Best rates with our friendly banking team.