Your business bank account tells us more about your company's health than almost anything else. When you apply, we look at how money flows through the account — income, outgoings and the rhythm of your trading. Getting this ready before you apply helps us reach a fair, fast decision.
Use the right account
Make sure the activity we see is your company's business account, not a personal one and not a mix. Clean separation between business and personal money makes your trading easier to read and reflects well on how the company is run.
What a clear picture looks like
- Regular, identifiable income from genuine trading.
- Outgoings that match the kind of business you describe.
- Few unexplained large movements — and if there are some, be ready to explain them.
Open banking makes it simpler
Rather than uploading PDFs, you can usually connect your account securely through open banking. You authorise read-only access, we see the activity we need, and there is nothing to download or send. You stay in control and access does not give us the ability to move money.
Before you apply
Check you can log in to your business banking, that recent months are available, and that the account is in the company's name. The figures in any resulting offer are set out for you to review — we never quote a rate before assessing your application.
See also: What we look at when we make a lending decision, Do I upload bank statements or connect by Open Banking? and How to update your business bank account details.