UK Digital Business Account

For many online and internationally active businesses, a digital account can be a practical alternative or addition to traditional banking. Depending on the provider, facilities can include cards, international payments, several currencies and online account management.

Coutts Consultants can help identify a suitable third-party digital account provider and assist with the application. We also explain what type of provider is offering the account, because a bank, payment institution and electronic-money institution are not the same thing.

A modern account for modern businesses

Digital accounts can work well for consultants, e-commerce companies, technology businesses, remote teams and companies making frequent international payments.

The right choice depends on the currencies, countries, payment volumes and facilities you actually need.

Understanding the provider

Some digital accounts are provided by banks. Others are provided by regulated payment or electronic-money institutions.

Relevant payment and e-money firms must safeguard customer funds under UK rules, but those funds are not directly protected by FSCS deposit protection in the same way as eligible bank deposits.

Online still means full checks

Digital providers still carry out identity, ownership, AML and sanctions checks and can restrict particular sectors, countries or transaction types.

We help prepare the company and transaction information so the application reflects the business accurately.

How Coutts Consultants can help

We discuss the facilities you need, identify a verified provider whose product appears suitable and help prepare and coordinate the application.

Coutts Consultants is not the account provider and does not hold client funds. The provider makes the acceptance decision.