Bank account information

Finance is a big consideration when forming your own business, but setting up your business bank account isn’t exactly one of the fun factors! We can help.

Your business bank account with £50 cash back from us

With our deal from Barclays you’ll benefit from a dedicated account team and an automated application process, as well as £50 cash back from us when you open your bank account within 90 days of incorporating your company.

Making the new business bank account work as easy as 1, 2, 3:

  1. It’s automatic - we'll send your company registration details to Barclays.

  2. Within 48 hours the bank will contact you to set up a meeting with your Barclays Business Manager and open your account.

  3. We’ll put £50 cashback into your new business bank account. Email us (at bankacc@theformationscompany.com) with your company name, registered address, sort code and bank account number and as soon as we’ve verified your bank account details with Barclays – normally within eight weeks – we’ll transfer the cash into your account.  Your bank account must be opened within 90 days of your incorporation date and cashback must be claimed within 90 days of opening your account.  One cashback payment is permitted on each bank account opened through this service only.*

With Barclays you're in good company

Barclays helps over 85,000 new start-up businesses every year and they offer a range of benefits that add up to a great deal.

What you'll get from Barclays

  • Support and guidance from your Business Banking telephone team with our Service Guarantee

  • A choice of 2 straightforward Price Plans that you can switch between to enjoy the charging structure designed around how your business makes and takes payments

  • Our Loyalty Reward, which gives you back more of your account charges the longer you bank with us

  • The flexibility to manage your account online, by phone, in branch or using the Barclays Mobile Banking app 3

  • Get paid instantly using just your mobile number with Barclays Pingit 4

Service Guarantee

This is our promise to you:

  • Our Business Banking telephone team aims to resolve every query straight away

  • If your query can’t be settled there and then, you’ll be given a named point of contact who will take personal responsibility for looking into the query and making sure you’re kept informed until it’s resolved

Additional services:

  • Free consultations with an accountant, marketing professional, and solicitor

  • Barclays Cloud It  – our secure online document storage and management service

For further information head to our help centre.

 

 

1. Terms, conditions and restrictions apply. You must have a Barclays current account and be aged 16 or over to use Barclays Mobile Banking. You will need to register and link your UK mobile number with your Barclays current account. Compatible phone, operating system and internet access (fees may apply) required.
2. Terms and conditions apply. You must have a UK current account and be aged 16 or over to use Barclays Pingit. Business customers on certain tariffs will be charged for transactions
3. Where you agree / have agreed that your details may be passed to a third party provider of products and/or services, to facilitate an introduction to such third party(s), you acknowledge that TheFormationsCompany.com Ltd. (“TFC”) does not receive any referral fee(s) in respect of such introduction but that TFC may receive income from such third party(s) if you choose to engage in a commercial relationship with such third party service provider(s) after the date of introduction.