Eligibility

INCORPORATED IN THE UNITED KINGDOM?

‍Last updated: 13 March 2025

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Who we serve

Bank of London provides business and corporate bank accounts, and other bank products and services to the vast majority of company types incorporated in the UK (as well as the Channel Islands, the Isle of Man and Gibraltar) who hold an active and current status on Companies House (or with the relevant authorities in the Channel Islands, the Isle of Man, or Gibraltar) including:

  • Companies limited by shares (LTD).
  • Limited liability partnership (LLP), or partnerships.
  • Public limited companies (PLC).
  • Public sector companies & government and non-government organisations.
  • Royal charter companies (RC).
  • Special limited companies, such as limited by guarantee, unlimited companies, industrial and provident societies, etc.

Who we do not serve

We are a business and corporate bank, which means we do not provide bank accounts or other banking products or 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 any 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.
  • Unlicenced Drugs, including cannabidiol products.
  • Mining, defined as the extraction and mass-distribution of minerals, fossil fuels or precious metals and stones.
  • Unregistered Gambling.

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 banking products and services with us.

However, if any of your company director(s), shareholder(s) and/or UBO(s) are nationals of any of the countries listed below, we cannot provide any bank accounts or other banks products or services to your company:

  • ANY of the Financial Action Task Force (FATF) defined list of black and grey list countries, available here.
  • ANY of the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba and Myanmar.


We do not provide any facilities which bring us into contact with countries prohibited by the Financial Action Task Force or by our own policies. If any of your company director(s), shareholder(s) and/or UBO(s) are nationals of any of those countries or your business transacts in them we cannot provide any bank accounts, or other banking products or services to your company.

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 UK incorporated company that meets the above eligibility criteria, you can apply online today, here.

Any questions

We always try and reach 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.

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INCORPORATED OUTSIDE THE UNITED KINGDOM?
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Who we serve

Bank of London provides UK based, GBP business and corporate bank accounts, and other baning 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 do not serve

We are a business and corporate bank, which means we do not provide bank accounts, or other banking products or services directly to:

  • Individuals, meaning retail consumers.
  • Sole traders and freelancers, meaning a businesses which do not have a legal identity separate to their owners.
  • Dormant and shell companies, meaning companies without active business operations, without significant assets or which do 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.
  • Unlicenced 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

  • ANY of the Financial Action Task Force (FATF) defined list of black and grey list countries, available here.
  • Any countries currently active on the UK, EU, US and/or UN sanction list(s).
  • ANY of the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba and 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, and other banking 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, and other banking products or services to your company:

  • ANY of the Financial Action Task Force (FATF) defined list of black and grey list countries, available here.
  • Any countries currently active on the UK, EU, US and/or UN sanction list(s).
  • ANY of the following: Syria, North Korea, Iran, Russia, Ukraine, Belarus, Cuba and Myanmar.

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 requires 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.