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Home > Merchant Account Solutions > Account Information > Frequently Asked Questions


What sort of bank account do I need?


With our Standard account, you need to have a business bank account set-up. Even sole traders that use their personal / current accounts must provide a business account.

With our adult and high risk merchant accounts, if you are a sole trader or single share holder and wish to use a non business account it must state own name t/a company name i.e. Fred Bloggs t/a ABC Industries

Bank accounts can be located anywhere in the World, however they must be in the correct company name and not a parent or subsidiary company. Please note that all remittances paid to a bank account outside of the UK (including GBP payments) may incur a Wire Transfer Fee.


Struggling to find a bank that will provide an account for your business?


We have been told by various customers that CashPlus can help all types of businesses. Please note that we do not have any sort of relationship with them and do not endorse, recommend, or make representations.

To find out more please visit www.cashplus.com

 



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