Eligibility criteria
Our M Account for Business has been created for start-ups and switchers that:
- have an annual turnover of less than £1m
- are based and operate in the UK (excluding Channel Islands, Isle of Man & Northern Ireland)
- have owners, directors, senior management and account signatories over 18 years old
- are not currently bankrupt
- don’t have any individuals who have been disqualified as a company director
This account isn't designed for
- Clubs, Societies and Charities
- Client Accounts
It's also not suitable for businesses that:
- Operate in or Trade with Crimea (Ukrainian territory), Iran, North Korea or Syria
- Have bearer shares within their ownership structure
- Are a shell bank
- Undertake money services business as a primary or secondary business activity (e.g. bureau de change, money transmitters and cheque encashment agencies)
- Are a Medicinal Cannabis related business
- Are an unregistered high value dealer
- That have nominees shareholders within their business structure
- Are known or suspected of money laundering or tax evasion