UK Company with EU Payment Account

(with EU IBAN and SWIFT payment details)

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(Package Price 134.99 GBP)


IMPORTANT ! Please, read carefully ALL OF THE below details before applying to avoid disappointment. This package offers a FREE Payment Account application as well as some other benefits listed below.

 

Most clients will NOT be asked to visit our office for identification purposes and payment account application can be done by post or e-mail, however we will require you to send us certified copies of your documents listed further below before payment account application can go ahead.

 

Suitable for: Residents and citizens of most countries, including USA as well as companies of most jurisdictions, including EU, USA and classic "offshore" countries. Some exclusions apply and you will be advised on alternative solutions if we're not able to proceed with your application based on your location and/or business description.

 

Current success rate: 95% of applications that we have accepted.


Package Price

134.99 GBP



 

This package is specially designed for non UK residents, who need a business payment account opened as soon as possible, but are unable to travel to the UK. Payment Accounts offer additional benefits, including extra confidentiality, moderate transaction charges, a fast account opening procedure and an online facility to make international payments. Package price includes everything to satisfy account opening requirements, as well as other conditions, including documents in the correct format and various formalities.


What is included in a package:


  • UK LTD (limited by shares) company registration and official filing fees
  • FREE Payment Account with Online Platform (multiple currencies included)*
  • Registration Address in London (details)
  • FREE UK Telephone Number Setup (details)
  • Company Documents in Paper Originals
  • Tax Office (HMRC) Registration for Corporation Tax
  • Registration Certificate in pdf. format
  • Memorandum and Articles of Association in pdf. format
  • Company Authentication Code (details)
  • Online Order Tracking

* subject to approval by Payment Institution.


Key advantages of this package:


  • Suitable for most non UK residents with a clear business idea/plan/description
  • This is the most complete package that includes full set of documents
  • Registration address included
  • Fast payments, usually within 24 hours**
  • UK Payment Account usually takes up to 5 working days to open***
  • Payment Account can be in any major currency or multiple currencies according to your needs

**depending on time submitted, currency and destination.

***from when fully completed account application and supporting documents are received

 

What is a Payment Account (PA) and what is the difference between a PA and a Bank Account:


A Payment Account is an account provided by a Payment Institution - a financial organisation that holds a valid license issued by the Financial Conduct Authority in the UK. Payment Institutions provide private and business accounts, enable you to receive and send payments worldwide (SWIFT), exchange currency as well as enable you to check your account details, statement and transactions via an online platform.

 

One of the major differences between a Payment Institution and a Bank is that a Payment Institution cannot lend you money or offer deposit accounts. The account opening procedure is much faster and straightforward for a Payment Account.

 

Another major difference is that your company name would be stated in the "payment reference" field rather than "account name" field (see example below).

 

Some other advantages of Payment Accounts:

 

  • suitable for residents of most countries and companies of most jurisdictions
  • can be set up remotely with identification process being completed without the need to travel
  • takes up to 5 days to activate**
  • online payment platform for currency exchange and international payments
  • additional confidentiality of account transactions and signatories
  • lower transaction charges compared to many EU banks
  • fast payments, usually within 24 hours***
  • Payment Account can be in any major currency or multiple currencies according to your needs

**from when fully completed account application documentation is received

***depending on currency, destination, time sent


Example of how your account payment details would look like:

 

Account name: CURRENCY MTS

Bank name: BNP PARIBAS

Bank Address: FRANCE

IBAN: BE00000000000000

Payment ref: YOUR COMPANY NAME LTD


*** Please, note that the above is only an example of the format and does not represent the actual bank details.


What documents will be required from you:


  • One valid photo ID (EU ID card or passport) copy certified by either Lawyer, Bank Manager, or Chartered Accountant
  • Two proofs of residential address not older than 3 months (i.e. utility bill or bank statement) copy certified by either Lawyer, Bank Manager or Chartered Accountant;
  • Beneficial Owners Declaration (we will send form) filled out and signed;
  • Account questionnaire and CV of beneficiary (we will send form);

NOTE: if you're not able to supply ALL OF THE ABOVE documents, particularly proofs of RESIDENTIAL* address, please, do not apply as your application will be rejected. If in doubt, please, contact us first.

 

*proof of residential address can be any of the following documents and must contain your name and residential address: gas bill, electricity bill, landline (not mobile) phone bill, landline broadband internet bill, annual property tax bill, private bank account statement (1st page with address only), social security bill. If you're not sure about a certain document, please, send us a copy by e-mail for verification before you apply.

 

Who will have an access to company payment account:


Typically the company director becomes a signatory of the payment account, however you can instruct us to include any additional signatories to the account. Any additional signatories must also supply the above Due Diligence documents.


Legal details:


TCPay ™ is a trademark of Trade Consulting Ltd. Company registered in England and Wales. Registration number: 06074543 Registration address: 35 Ivor Place, London NW1 6EA, UK

 

Service provided by Currency Matters Ltd, registered with the Financial Conduct Authority(FCA) as an Authorised Payment Institution under the Payment Services Regulations 2012, FCA Registration No: 537841 and also with HM Revenue and Customs as a Money Service Business (MSB) under the Money Laundering Regulations 2007, MLR Registration No: 12140232. In the USA we are registered as a MSB under the Bank Secrecy Act with the Financial Crimes Enforcement Network (FinCEN), Registration Number 31000023679279 Company Registration No: 4461030.