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about business bank account for T1 entrep visa

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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samaygrg
Senior Member
Posts: 607
Joined: Sun Jun 10, 2012 12:12 am
Location: United Kingdom

about business bank account for T1 entrep visa

Post by samaygrg » Tue Oct 08, 2013 7:06 pm

Hello Forum members

I am about to lodge my application of T1 Entrep and I have only 3 months visa remained. Banks are refusing to open business bank account saying they need at least 6 months' residence permit to open the account.

So I am really stuck here. Can anyone of you who have been through this situation give me some advice? Is bank account of business mandatory???

Thanks a lot.

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Re: about business bank account for T1 entrep visa

Post by rahil74098 » Tue Oct 08, 2013 8:58 pm

samaygrg wrote:Hello Forum members

I am about to lodge my application of T1 Entrep and I have only 3 months visa remained. Banks are refusing to open business bank account saying they need at least 6 months' residence permit to open the account.

So I am really stuck here. Can anyone of you who have been through this situation give me some advice? Is bank account of business mandatory???

Thanks a lot.
Hi,
i had opened my business account when my visa was remained for one month. In which bank u have current account.
Regards

samaygrg
Senior Member
Posts: 607
Joined: Sun Jun 10, 2012 12:12 am
Location: United Kingdom

Re: about business bank account for T1 entrep visa

Post by samaygrg » Tue Oct 08, 2013 11:04 pm

Hi Rahil

Thanks for the prompt reply. I have my current accounts on barclays, lloyd and hsbc. Already Metro rejected and still similar vibe I am getting from others too. I am really dead worried about it, mate. Please, give me some hints, how and where did you handle it??? So I will move accordingly.

That would be great help.


Cheers
rahil74098 wrote:
samaygrg wrote:Hello Forum members

I am about to lodge my application of T1 Entrep and I have only 3 months visa remained. Banks are refusing to open business bank account saying they need at least 6 months' residence permit to open the account.

So I am really stuck here. Can anyone of you who have been through this situation give me some advice? Is bank account of business mandatory???

Thanks a lot.
Hi,
i had opened my business account when my visa was remained for one month. In which bank u have current account.
Regards

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Re: about business bank account for T1 entrep visa

Post by rahil74098 » Wed Oct 09, 2013 8:38 am

samaygrg wrote:Hi Rahil

Thanks for the prompt reply. I have my current accounts on barclays, lloyd and hsbc. Already Metro rejected and still similar vibe I am getting from others too. I am really dead worried about it, mate. Please, give me some hints, how and where did you handle it??? So I will move accordingly.

That would be great help.


Cheers
rahil74098 wrote:
samaygrg wrote:Hello Forum members

I am about to lodge my application of T1 Entrep and I have only 3 months visa remained. Banks are refusing to open business bank account saying they need at least 6 months' residence permit to open the account.

So I am really stuck here. Can anyone of you who have been through this situation give me some advice? Is bank account of business mandatory???

Thanks a lot.
Hi,
i had opened my business account when my visa was remained for one month. In which bank u have current account.
Regards
Hi,
My business account is in Lloyds. Can you please tell me..have u register ur company and do u have UK driving licence. If u hold a personal account with Lloyds Bank, then u will not need to provide proof of identity and evidence of address. Call Lloyds on this number 0800 022 4389. I had opened my business account on Phone.
regrads

Darvesh
Member of Standing
Posts: 444
Joined: Wed Feb 27, 2013 11:44 pm
Location: London
United Kingdom

Post by Darvesh » Wed Oct 09, 2013 11:08 am

opening any account is individual bank discretion even different branches of same bank exercise tells u different story or requirement for opening a bank account.
different different branches.

anyway business bank account is not a requirement either. u can apply for T1E without having a business bank account.

rahil74098
Junior Member
Posts: 56
Joined: Fri Nov 16, 2012 5:48 am
Location: United Kingdom
Contact:

Post by rahil74098 » Wed Oct 09, 2013 11:40 am

Darvesh wrote:opening any account is individual bank discretion even different branches of same bank exercise tells u different story or requirement for opening a bank account.
different different branches.

anyway business bank account is not a requirement either. u can apply for T1E without having a business bank account.
u r right but business account will make ur case strong. i got my visa without interview ...so it is better to open a business account.

samaygrg
Senior Member
Posts: 607
Joined: Sun Jun 10, 2012 12:12 am
Location: United Kingdom

Post by samaygrg » Thu Oct 17, 2013 2:00 pm

Thank you rahil and dharmesh for all your very helpful suggestions. Im agreeing with both of u. Metro declined but as u guys said, barclays n santander opened that for me happily. Phew!!!!!! At last one bit is done, yet, long way to go.

Thanks again....



.
rahil74098 wrote:
Darvesh wrote:opening any account is individual bank discretion even different branches of same bank exercise tells u different story or requirement for opening a bank account.
different different branches.

anyway business bank account is not a requirement either. u can apply for T1E without having a business bank account.
u r right but business account will make ur case strong. i got my visa without interview ...so it is better to open a business account.
:D

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