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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, you can now use your personal /current account.

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 MyCashPlus can help all types of businesses. To find out more please visit www.mycashplus.co.uk


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