Apply for a Business Current Account | FSCS protected. No fees. Fast online application | Cynergy Bank

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Important things to know about CBCA

Eligibility check

To be eligible for a Business Current Account your business must:

Be registered in the UK and be eligible to pay UK tax;
Be either a sole trader, partnership, limited liability partnership (LLP) or limited company; and
Have a maximum of 10 directors.
Any individual who is a person of significant control, and anyone you appoint as a user for your account, must be aged 18 or over and NOT be a US citizen.

Must-reads

Please read before applying for your Business Current Account:

Cynergy Business Current Account terms and conditions

Business Current Account FAQs

FSCS information and exclusions sheet

Cynergy Bank Privacy Policy

What you'll need

An email address
A UK mobile phone number
Photo ID
A device with a camera
Email addresses and phone numbers of any additional signatories (10 maximum). These details must be different to yours. You must add all ultimate beneficial owners with 10% or greater ownership of the business.
Unique Tax Payer reference. You can find this in your Government Gateway account/HMRC app.

Already started an application?

. Please note that started applications will be cancelled after 14 days if not completed.

Additional information

Interest will be paid without the deduction of tax. You will need to deduct tax yourself by declaring it as part of your annual tax return.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross interest is the contractual rate of interest.
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