Rafaela Nunes posted a status
May 23
Hello everyone,

Could I please ask if you came across difficulties with opening a bank account for a CIC, when one of the directors (we're 2 directors) has poor credit history?
We're just about to incorporate and this became a big block...

Many thanks
Rafaela

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  • If you are having issues you should look at the Monzo, Starling, Revolut type online accounts. In essence they are credit accounts rather than debit accounts but you will be able to get an account for online banking, payments, direct debits etc but you wont get overdrafts etc.
    A huge generalisation but they might be options, Co-op offer free banking via their Community Direct Plus Account, again these are not recommendations just products to research.
    Best of luck
    John
    • Thanks very much John!

       

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