Set up a business in the UK
Last updated: 12 August 2019

Setting up a bank account

To set up a bank account for your business in the UK you can either:

  • open a new account in the UK
  • use the account you already have in your country
  • open a UK sterling account in your country

It may be cheaper to open a UK account or to set up a UK sterling account with your own bank, to avoid transaction and currency exchange fees.

You'll need a UK address before opening a UK bank account.