What are the requirements for opening a business account?

The requirements for opening a business account with Bradford & Bingley can vary depending on the type of account you are seeking and the specific needs of your business. Typically, a business account would require some essential documents to verify your identity and the legitimacy of your business. You would need to provide proof of identity, which may include personal identification such as a passport or driver's license for all business owners. Additionally, you may be required to supply documents that confirm the business address, such as utility bills or leases. It is also common for banks to request information about the business structure, such as incorporation documents for limited companies, partnership agreements for partnerships, or sole trader registrations for individual proprietors. Financial information may be sought to assess the business's operations, including expected turnover and nature of the business activities. Every bank has its own specific prerequisites, so it is always advisable to review the latest information on Bradford & Bingley's official website. They provide guidance on the necessary documentation and processes, which can ensure that you are prepared when opening your business account.