Who We Serve
The Bank of London provides UK based, GBP business and corporate bank accounts, and other bank products and services to many company types incorporated outside of the UK.
However, there are exceptions to this and all applications will be assessed on a case-by-case basis.
Who we cannot serve
We are a business and corporate bank, which means we cannot provide bank accounts, or other bank products and services directly to:
Individuals, meaning retail consumers.
Sole traders and freelancers, meaning a business that does not have any legal identity separate to its owner.
Dormant and shell companies, meaning a company without active business operations, without significant assets and does not have any other income.
Industries we cannot serve
We serve the vast majority of industries; however, we cannot work with the following industries:
Arms, Defence and Military, defined as nuclear proliferation, and the manufacturing and mass-distribution of weapons, explosives, or armaments.
Adult Services, defined as escort services, strip bars or strip clubs.
Unlicensed Drugs, including cannabidiol products.
Mining, defined as the extraction and mass-distribution of minerals, fossil fuels or precious metals and stones.
Unregistered Gambling.
Companies incorporated in the following jurisdictions we cannot serve
ALL The Financial Action Task Force (FATF) defined list of black and grey list countries, available here.
Any countries currently active on the UK, EU’s, US and/or UN sanctioned list(s).
ALL the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba & Myanmar.
Company director, shareholder, and ultimate beneficial owner (UBO) nationals
Companies with director(s), shareholder(s) and/or UBO(s) nationals (passport holders) from countries other than the United Kingdom may apply for bank accounts, or other bank products and services with us.
However, if any of your company director(s), shareholder(s) and/or UBO(s) are nationals of one of the countries listed below, we cannot provide any bank accounts, or other banks products and services to your company:
ALL The Financial Action Task Force (FATF) defined list of black and grey list countries, available here.
Any countries currently active on the UK, EU’s, US and/or UN sanctioned list(s).
ALL the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba & Myanmar.
Companies with director(s), shareholder(s) and/or UBO(s) nationals (passport holders) from countries other than the United Kingdom may apply for bank accounts, or other bank products and services with us.
Non-exhaustive eligibility criteria
Please be aware that the above eligibility criteria are broad and non-exhaustive, and we may ultimately decide that we can’t work with your company for other reasons.
Apply today
If you’re a non-UK, overseas incorporated company that meets the above eligibility criteria, and require UK based, GBP banking products and services you can apply online today, here.
Further questions?
We always try and each further to help businesses grow. If you're unsure about something or think your business might be an edge case, don't hesitate to contact our client partner team, here.