High Risk Business Bank Account

In the world of banking, just like acquiring some business types is frowned upon and seen to be high risk, this could be for many reasons. It might be that a high street bank does not want to be associated with a particular sector so they decline on reputational grounds, it might be that certain sectors are deemed to be too volatile for certain banks. Whatever the reason it’s equally as frustrating when you get the news that your usual go to bank will not support your business venture due to it being too “high risk”.

The good news is that we can help you source the correct type of bank account for your high-risk business. The bad news is that it will not be as straightforward and as cost effective as that of a high street bank. Especially if you are a start up business.

You are in the right place for a high risk bank account!

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We have relationships with several off the High Street banks that specialise in the high-risk sector and will open an account that is suitable for your business, you can then get on with operating your business safe in the knowledge that your bank knows exactly what you are doing as a business. There is nothing worse than not being able to sleep at night in constant fear of that termination letter arriving on your doormat.

High risk bank accounts all have different tariffs or charges associated with them. It is our job to source you the best matched bank account for your business. Our team are experts in sourcing the perfect match for your business type – get in touch today to set up your high risk bank account.

Frequently Asked Questions

Learn more about High Risk Bank Accounts.

What sectors can you support?

We can open bank accounts for all types of business that are deemed high risk. See the list below for the most popular ones.

Crypto bank account
Gaming bank account
Gambling bank account
Adult website bank account
Travel bank account
Vape bank account
CBD bank account

How much will a high-risk bank account cost me?

High risk bank accounts do incur charges that are unlike your usual bank account, there will be a set up fee that is payable and transactional charges per every piece of activity through the account in usual cases. It’s our job to source you the best possible deal regarding those fees that are payable.

What details will you need from me?

With high risk bank accounts, we can get you to the pre-approval stage by simply filling out the form below. Once approved in principle we will let you know and ask you for the KYC and documentation that the bank has requested. This will usually be a proof of address, proof of ID, the corporation details or certificates of the business, and any licenses required to operate your business.

When do I have to pay?

You only pay for your high risk bank account when the account has been approved and the offer letter has been issued and accepted by you.

Are the set up fees refundable if we do not use the account?

No - all high risk bank account set up fees and monthly charges are NOT refundable, therefore it's vital you fully take the time to understand your schedule of fees before you enter into any agreements.

How long will it take for me to get set up with a high risk bank account?

Depending on the risk profile of your business we should be expected to get your account up and running in anything between 3 days and 3 weeks. The lower-risk accounts are opened pretty much immediately. High risk bank accounts do take a little more due diligence.

Will I be able to send and receive money like usual?

Yes, the functionality of your high risk bank account will remain the same as your standard high street bank. The only difference is there will be a charge associated with this activity.

Will I have a debit card?

Yes – most high risk banks will issue you with a debit card supported by Visa or Mastercard for you to be able to operate with as normal.

Will I have access to online banking?

Yes, most high risk banks will issue you with their own app or online banking for you to be able to control your funds.

Will my merchant services be able to pay into the high-risk bank account?

Sure – all our merchant services providers will settle into the high risk bank accounts that we can obtain for you.

Great - sounds just like what I need - how do I apply?

You can apply for a high risk bank account simply by clicking the link below and we can start the process for you today!

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