Banking and Payments

Making banking and payment simple

As a Non UK resident an international business account is a complex process that can be both costly and time consuming. In many cases, business owners may be required to make an international trip or face being rejected: we can liaise on your behalf to set up a secure, UK business account that meets all your needs.

We can take all the hassle out of setting up a UK business account by acting on your behalf in the UK with the provider, gathering the necessary identification documents from you. Rather than taking weeks, a Muloot business current account can take as little as 24 hours to be approved and up and running.

The Business Current Account

The business current account is regulated by the Financial Conduct Authority (FCA) and can be set up in as little as 24-hours (subject to documentation) based on the identity of all the main directors and shareholders with 10% or more shareholding without the need for a UK visit. Typically, a business account will include:

  • Secure online access
  • UK sort code and account number
  • Money held safely with NatWest or Barclays Bank
  • Ability to make international payments
  • A maximum balance held on account allowance of £50,000
  • Maximum business turnover allowance of £2,000,000
  • Ability to avoid unnecessary foreign exchange costs
  • Access to inventory funding through our Trade Accelerator program

Terms & conditions for a Muloot business account application apply, including:

  • Administration and set up fee applies
  • All applications must fully KYC (know your client) and KYB (know your business)