Opening a Bank Account in the UK
Required Documents
The following documents are required to open a bank account in the UK:
Identity Document: Passport or national ID card
Proof of Address: Invoice or bank statement from the last 3 months
Company Documents: Companies House registration number, business activities, and estimated annual turnover
Application Process
The bank account opening process generally includes the following steps:
Bank Selection: Choose from banks like HSBC, Barclays, Lloyds, NatWest
Online Application: Most banks offer online application options
Submission of Documents: Submit the required documents to the bank
Account Opening: The account is opened after the application is approved
Note: HSBC offers a 12-month free banking service for small businesses.
Payment Systems and Integration
Popular Payment Systems
The payment systems commonly used in the UK are:
Stripe: Ideal for e-commerce sites with advanced APIs
PayPal: A globally recognized and reliable platform
GoCardless: Suitable for automatic payment collection
Square: Offers POS solutions for small businesses
Worldpay: Stands out with support for a wide range of payment methods
These systems enhance customer satisfaction by supporting various payment methods.
Integration Process
To integrate payment systems, the following steps are followed:
Platform Selection: Choose a payment platform suitable for your business needs
Account Creation: Create a business account on the chosen platform
API Integration: Implement API integration on your website or application
Testing and Live Launch: After testing the system, go live
Note: Stripe facilitates international transactions by supporting over 135 currencies.
Professional Support with ORTAC
Getting professional support in opening a bank account and integrating payment systems in the UK accelerates your transactions and prevents potential errors. As ORTAC, we offer you tailored solutions with our experienced team.
👉 To securely manage your financial transactions in the UK, contact us
