My business, UK based business but as the director of the company, I'd like to keep an open mind towards remaining in the UK and moving abroad...so good if they allow UK business accounts even if you live abroad.
I'm definitely not an expert, but I've worked with a handful of UK clients over the last decade. When I got TransferWise (now Wise), getting paid by international clients was way simpler (and cheaper), so that might be something to keep in mind if you're doing business with non-UK residents.
Revolut has made it really easy for me to transfer money into a UK-based bank account so I can access it when I travel. Definitely look it up to make sure it meets your criteria, though.
This might make it unsuitable:
"Unlike traditional banks, Revolut's deposit protection is limited. Although savings in a Revolut account are protected up to a specific amount, they are not covered by government-backed deposit insurance programmes. This may be of concern to those looking for increased deposit security."
PS Not me being the absolute worst and not realizing you literally said it's for your business in your question. In my defense, I'm usually on here at like 2am, so my brain isn't always all the way there lol 🫠
My business, UK based business but as the director of the company, I'd like to keep an open mind towards remaining in the UK and moving abroad...so good if they allow UK business accounts even if you live abroad.
I'm definitely not an expert, but I've worked with a handful of UK clients over the last decade. When I got TransferWise (now Wise), getting paid by international clients was way simpler (and cheaper), so that might be something to keep in mind if you're doing business with non-UK residents.
Revolut has made it really easy for me to transfer money into a UK-based bank account so I can access it when I travel. Definitely look it up to make sure it meets your criteria, though.
This might make it unsuitable:
"Unlike traditional banks, Revolut's deposit protection is limited. Although savings in a Revolut account are protected up to a specific amount, they are not covered by government-backed deposit insurance programmes. This may be of concern to those looking for increased deposit security."
PS Not me being the absolute worst and not realizing you literally said it's for your business in your question. In my defense, I'm usually on here at like 2am, so my brain isn't always all the way there lol 🫠