As part of the automated sign up process we carry out credit checks to verify your identity and company information. We do this to help prevent prevent money laundering, criminal activity and fraud.
If we cannot verify your information automatically, we will review applications on a manual basis, for example individuals, sole traders and new start ups. Any applications that are referred on this basis will be reviewed by our internal finance and credit risk team. We calculate credit limits dependant on company age, directors, sector, financial history and other credit profiling databases to assign a suitable credit limit. If you do not pass our internal credit scoring criteria, we may offer revised terms such as an increased deposit on account or pre-authorise funds. More information on this can be found in our Terms and Conditions.
We will open accounts instantly for UK Government Department, NHS.