Can I open a business account with bad credit?
It is possible to get a business bank account if you have bad credit or no credit history. Business accounts with no credit checks are designed to help companies manage their finances regardless of their credit rating.
Business accounts for bad credit may be useful for managing your company’s expenses. They could help to:
- Separate your business accounts: Separating your business and personal accounts helps you keep accurate records of your finances.
- Get access to business finance: Most lenders require companies to have a business bank account before they lend them money.
- Look professional: Having a separate business bank account can help you look more professional to customers.
You can open a business bank account with a high street bank, or through online-only challenger banks and app-based platforms that offer business current accounts.
Whether you are a sole trader or a limited company, our Nerds have provided important information and reviews of top business banking providers so that you will understand the key factors to consider when choosing an account that suits your business needs. See our business bank account page to learn more about different business bank accounts, as well as their features, charges, and more.
