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Cardone banking account

Cardone banking account

At Mint Formations, we've partnered with CardOne Money to help you get a business bank account after register a company, all without having to visit a branch or having a credit check. This facility is particularly useful for directors with poor credit scores who have previously found it difficult to open a business account with one of the popular high street banks. A CardOne banking business account is a current account designed specifically for small businesses.

CardOne Banking is independent and FCA-authorised and has been providing current accounts and payment services since 2007. They are experts in providing accessible yet highly functional current accounts for small businesses.

With no credit checks and no branch visits or signatures required, CardOne opens accounts more quickly and with less fuss than any high street bank. To date, it's opened more than 80,000 accounts and processed over £3 billion of customer's money.

  • No branch visits required to set up your account
  • Most accounts are opened within three hours
  • Simple, easy and secure account access
  • No credit checks
  • UK call centre
  • Easily pay bills, invoices and wages
  • No bounced payment fees or overdraft fees

CardOne business bank accounts are suitable for UK registered businesses only. The primary account holder must be at least 18 years of age and a business owner residing in the UK. When you choose this option during your checkout, CardOne’s team will contact you to discuss your options and fast track your account setup.

About cardOne banking

CardOne has over 40 combined years of knowledge at some of the world's leading financial institutions, including Morgan Stanley, MBNA and the Bank of Scotland. This has allowed its directors to create a secure and easy-to-use account packed full of features — it's got everything you need from a current account without the hassle of credit checks and bank meetings.

How does a cardOne bank account work?

Easily manage your finances on the go with 24/7 access to your account online. CardOne's state-of-the-art banking facility is fast and secure, meaning you never need to worry about your money.

Once your CardOne business bank account is set up and you pay money into your account, it sits in your billing Jam Jar. From this, you can pay bills, authorise and amend direct debit payments and set up standing orders. Want to pay via your card or withdraw cash? Move money from your Jam Jar to your Spends and use your CardOne Banking Corporate MasterCard just as you'd use your debit card.

How to pay in

CardOne has teamed up with leading high street bank Barclays to allow you to pay money into your CardOne account using cash or cheque at any of their branches using pre-printed GIROs. You can also pay in cash at any local Post Office.

Note that cash and cheques paid in at Barclays branches clear in eight working days, while other cash payments usually clear in three days. If your business generates a significant amount of cash and cheques and you rely on quick clearance to aid cash flow, a CardOne business bank account may not be for you.

Account manager

With a CardOne bank account, you can talk to an experienced account manager at any time for advice on your account. They can also arrange payments on your behalf — tell your advisor what needs to be paid and they'll set up standing orders and help you manage your direct debits. They'll make sure you avoid dipping into your overdraft and allow you to focus on your business while knowing your bills are being paid each month.

Manage your spending

Once your direct debits and other regular payments are set up, you can choose to deposit your balance into your Spends Jam Jar, allowing you to pay for items and withdraw money using your CardOne card. This process can be entirely automated, so you don't have to manually transfer cash. Set up and change your rules or get the support of your account manager — either way, you'll always know your balance once all bills are paid, allowing you to easily manage your spending.

Regulation

CardOne Banking is a trading style of Spectrum Card Services Limited (Registered in England and Wales No. 6052256), which is a registered agent of Spectrum Payment Services Limited (Registered in England and Wales No. 6268340). Spectrum Payment Services Ltd is authorised by the Financial Conduct Authority under the Payment Service Regulations 2009 No. 504547 for the provision of payment services.

Register your UK limited company

Register your UK limited company

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