Eligibility

  • Incorporated in the United Kingdom (UK)?

    Who we serve

    The Bank of London provides business and corporate bank accounts, and other bank products and services to the vast majority of company types incorporated in the UK (including the Channel Islands, the Isle of Man and Gibraltar) who hold an active and current status on Companies House, including:

    Companies limited by shares (LTD).

    Limited liability partnership (LLP), or partnerships.

    Public limited companies (PLC).

    Public sector companies & government and non-government organisations.

    Royal charter companies (RC).

    Special limited companies, such as limited by guarantee, unlimited companies, industrial and provident societies, etc.

    Who we cannot serve

    We are a business and corporate bank, which means we cannot provide bank accounts, or other bank products and services directly to:

    Individuals, meaning retail consumers.

    Sole traders and freelancers, meaning a business that does not have any legal identity separate to its owner.

    Micro-entities, meaning a company that has an annual turnover of less than £750,000 and less than 10 employees.*

    Dormant and shell companies, meaning a company without any active business operations, without significant assets and does not have any other income.

    * Waived for new start-up companies who are seeking to become regulated by either the Financial Conduct Authority (FCA) and/or the Prudential Regulation Authority (PRA) within 24 months of opening bank accounts, or other bank products and services with us, or who have entered into an agency bank agreement with us.

    Industries we cannot serve

    We serve the vast majority of industries; however, we cannot work with the following industries:

    Arms, Defence and Military, defined as nuclear proliferation, and the manufacturing and mass-distribution of weapons, explosives, or armaments.

    Adult Services, defined as escort services, strip bars or strip clubs.

    Unlicenced Drugs, including cannabidiol products.

    Mining, defined as the extraction and mass-distribution of minerals, fossil fuels or precious metals and stones.

    Unregistered Gambling.

    Company director, shareholder, and ultimate beneficial owner (UBO) nationals

    Companies with director(s), shareholder(s) and/or UBO(s) nationals (passport holders) from countries other than the United Kingdom may apply for bank accounts, or other bank products and services with us.

    However, if any of your company director(s), shareholder(s) and/or UBO(s) are nationals of one of the countries listed below, we cannot provide any bank accounts, or other banks products and services to your company:

    ALL The Financial Action Task Force (FATF) defined list of black and grey list countries, available here.

    ALL of the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba & Myanmar.

    We do not provide any facilities which bring us into contact with countries prohibited by the Financial Action Task Force or by our own policies. If any of your company director(s), shareholder(s) and/or UBO(s) are nationals of one of those countries – or your business transacts in them -we cannot provide any bank accounts, or other banks products and services to your company

    Non-exhaustive eligibility criteria

    Please be aware that the above eligibility criteria are broad and non-exhaustive, and we may ultimately decide that we can’t work with your company for other reasons.

    Apply today

    If you’re a UK incorporated company that meets the above eligibility criteria, you can apply online today, here.

    Any questions

    We always try and reach further to help businesses grow. If you're unsure about something or think your business might be an edge case, don't hesitate to contact our client partner team, here.

  • Incorporated outside the UK?

    Who we serve

    The Bank of London provides UK based, GBP business and corporate bank accounts, and other bank products and services to many company types incorporated outside of the UK.

    However, there are exceptions to this and all applications will be assessed on a case-by-case basis.

    Who we cannot serve

    We are a business and corporate bank, which means we cannot provide bank accounts, or other bank products and services directly to:

    Individuals, meaning retail consumers.

    Sole traders and freelancers, meaning a business that does not have any legal identity separate to its owner.

    Micro-entities, meaning a company that has an annual turnover of less than £1,750,000 GBP / €2,100,000 EUR / $2,400,000 USD and less than 10 employees.

    Dormant and shell companies, meaning a company without active business operations, without significant assets and does not have any other income.

    Industries we cannot serve

    We serve the vast majority of industries; however, we cannot work with the following industries:

    Arms, Defence and Military, defined as nuclear proliferation, and the manufacturing and mass-distribution of weapons, explosives, or armaments.

    Adult Services, defined as escort services, strip bars or strip clubs.

    Unlicenced Drugs, including cannabidiol products.

    Mining, defined as the extraction and mass-distribution of minerals, fossil fuels or precious metals and stones.

    Unregistered Gambling.

    Companies incorporated in the following jurisdictions we cannot serve

    ALL The Financial Action Task Force (FATF) defined list of black and grey list countries, available here.

    Any countries currently active on the UK, EU’s, US and/or UN sanctioned list(s).

    ALL the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba & Myanmar. 

    Company director, shareholder, and ultimate beneficial owner (UBO) nationals

    Companies with director(s), shareholder(s) and/or UBO(s) nationals (passport holders) from countries other than the United Kingdom may apply for bank accounts, or other bank products and services with us.

    However, if any of your company director(s), shareholder(s) and/or UBO(s) are nationals of one of the countries listed below, we cannot provide any bank accounts, or other banks products and services to your company:

    ALL The Financial Action Task Force (FATF) defined list of black and grey list countries, available here.

    Any countries currently active on the UK, EU’s, US and/or UN sanctioned list(s).

    ALL the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba & Myanmar. 

    Companies with director(s), shareholder(s) and/or UBO(s) nationals (passport holders) from countries other than the United Kingdom may apply for bank accounts, or other bank products and services with us.

    Non-exhaustive eligibility criteria

    Please be aware that the above eligibility criteria are broad and non-exhaustive, and we may ultimately decide that we can’t work with your company for other reasons.

    Apply today

    If you’re a non-UK, overseas incorporated company that meets the above eligibility criteria, and require UK based, GBP banking products and services you can apply online today, here.

    Further questions?

    We always try and each further to help businesses grow. If you're unsure about something or think your business might be an edge case, don't hesitate to contact our client partner team, here.

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