If you're growing your business portfolio, you may be able to open a second business account directly in the app. To ensure your application goes smoothly, please check that you meet our eligibility criteria. 📈
Can I open a second account?
Your eligibility depends on the type of account you currently hold or have held in the past:
Limited Company accounts: You can apply if you already have a limited company business account, whether it is currently active or closed.
Previous Sole Trader accounts: You can apply for a second account if your previous sole trader account is now closed or if you intend to close it.
Account status: If your first business account is currently open, it must be in good standing.
Note: We don't currently support multiple sole trader accounts. If you're a sole trader, you cannot open a second account for another sole trader business.
What type of business can I register? 🤔
The second business account must be for a Limited Company. To be eligible for this second application, the company must meet these requirements:
Structure: The business must be a limited company with a maximum of two Persons of Significant Control (PSC).
Your Role: You must be a Company Director and a PSC for the company, as listed and active on Companies House.
How to start your second application
Ready to add your next venture? You can start the process directly in the app:
Open the app and go to your Profile.
Select Add a new business.
Follow the prompts to provide the details for your new limited company.
The sooner you provide your company details, the quicker we can get your second business account up and running. 🚀