Cashplus business current account

Cashplus offers business current account services for small businesses and sole traders operating in the UK. At Mint Formations, we’ve partnered with Cashplus to help you get a business current account after you register a company . The paperless account opening system allows you to open your Cashplus account without having to visit a branch or have a credit check.

About cashplus

Cashplus is FCA authorized and has been providing current account services for both businesses and individuals by offering most of the features that high street banks offer. With an outstanding track record, Cashplus has helped several small businesses (directors) with poor credit score open a business account and manage transactions from one place.

How does it work?

Cashplus account is managed through mobile app (Cashplus mobile app) or browser (Cashplus online servicing), based on your convenience. The mobile app comes with great features that help you organize your transaction with ease at one place. Using the app, you can check your balance, send and receive payments, set up a payee, download statements and more.

Features and benefits of Cashplus business account

• Fast online application and no credit checks
• Get account number and sort code immediately
• Get debit Mastercard within 3 to 5 working days
• Faster payment processing in and out
• Pay your bills, suppliers or employees instantly
• Withdraw or pay in cash at the UK Post Office
• Register for Merchant account services
• Integrate your Cashplus account with external accounting software
• Manage your finances and view all your transaction from one place
• Check your balances and transactions in real time 24/7

Get Cashplus iDraft

Eligible business accounts will get Cashplus iDraft with an overdraft of up to £2000 and this offer is only by invitation. Once you receive your email offer on your account, follow the instruction on email to complete your application and get credit up to your approved limit.

Manage payments

You can manage standing order, set direct debits, pay bills and transfer payments 24/7, from your mobile app or through online servicing. If you have multiple Cashplus accounts (different currencies or account type) you can link and move money between them from the app.

How do I open Cashplus business account?

Opening Cashplus business account is simple and straightforward. Cashplus website gives you option to open either a business or personal account. You’ll be required to fill in the online application form and answer some simple questions. Followed by application submission, you’ll receive an account application confirmation email with details on the type of ID and address proof that you’ll have to provide for KYC verification. Once approved, you’ll immediately receive your account number, sort code and business Mastercard delivered within 3 to 5 working days.

You can open your Cashplus business account yourself or we can do it for you. During your company formation process, make sure to select “Cashplus business account” in the banking section. We will pass your request on to Cashplus team as soon as your company is incorporated. They will email you directly and assist you in opening your business account.

Regulation

Cashplus is a trading name of Advanced Payment Solutions Ltd (APS). Cashplus cards are issued by APS Financial Ltd (AFL) pursuant to license by Mastercard International Incorporated. AFL is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (EMRs) for the issuing of electronic money (FRN 900002).

Cards are serviced and operated by Advanced Payment Solutions Ltd (APS) on behalf of AFL. AFL is a wholly owned subsidiary of APS. AFL & APS registered address is 6th Floor, One London Wall, London EC2Y 5EB. Registered in England and Wales under company numbers 06029941 & 04947027 respectively.