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business bank account closed-unable to open new one

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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Aminaazzn
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Joined: Mon May 16, 2016 11:20 am

business bank account closed-unable to open new one

Post by Aminaazzn » Mon May 23, 2016 6:26 pm

Dear fellows,
We have a very big issue as our business partner make out business account closed due to unknown reason. we still owned that business after paying the share of our partner but we were not able to open a business bank account anymore. We just have a cash plus card bank account.
I have just wonder if we carry on business with cashplus business debit card account, could this will be acceptable by home office.
Many thanks

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zimba
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Location: UK
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United Kingdom

Re: business bank account closed-unable to open new one

Post by zimba » Mon May 23, 2016 6:44 pm

The rules demand the money be held in a UK bank account regulated by FCA or PRA. The real question is why your application is being declined for a business account ? Do you have a bad credit history ?
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Aminaazzn
Newly Registered
Posts: 7
Joined: Mon May 16, 2016 11:20 am

Re: business bank account closed-unable to open new one

Post by Aminaazzn » Mon May 23, 2016 8:29 pm

yes history get poor from good due to some ID theft when i was away from UK. Unfortunately this was my business partner not tier 1 partner who did it. he is no more my partner now in business . my business account also get closed just because of him.

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Casa
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Joined: Wed Jul 23, 2008 3:32 pm
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Re: business bank account closed-unable to open new one

Post by Casa » Mon May 23, 2016 8:32 pm

Please continue in your other thread
http://www.immigrationboards.com/uk-tie ... l#p1348292
(Casa, not CR001)
Please don't send me PMs asking for immigration advice on posts that are on the open forum. If I haven't responded there, it's because I don't have the answer. I'm a moderator, not a legal professional.

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