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Eligibility criteria

Our Professional Firms Client Account has been created for businesses that:

  • 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
  • don't have any individuals who have been disqualified as a company director
  • are supervised by a designated professional body to prevent financial crime
  • if letting agents in England and Wales, must be registered with HMRC and members of an approved Client Money Protection Scheme
  • if letting agents in Scotland, must be registered with HMRC, a member of the Scottish Letting Agent Register Link opens in a new window and comply with the Letting Agent Code of Practice

This account isn't designed for

Clubs, Societies and Charities
Association of Accounting TechniciansAssociation of Chartered Certified Accountants
Association of International AccountantsAssociation of Taxation Technicians
Chartered Institute of Legal ExecutivesChartered Institute of Management Accountants
Chartered Institute of TaxationCouncil for Licensed Conveyancers
Faculty of AdvocatesFaculty Office of the Archbishop of Canterbury
Financial Conduct AuthorityGambling Commission
General Council of the BarGeneral Council of the Bar of Northern Ireland
HMRCInstitute of Chartered Accountants in England and Wales
Institute of Chartered Accountants in IrelandInstitute of Chartered Accountants in Scotland
Institute of Certified BookkeepersInstitute of Financial Accountants
Insolvency Practitioners AssociationInternational Association of Bookkeepers
Law SocietyLaw Society of Northern Ireland
Law Society of Scotland
Client Money ProtectMoney Shield
PropertymarkRICS
Safeagent (previously NALS)UKALA Client Money Protection

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)
  • Medicinal Cannabis related businesses
  • Unregistered high value dealers
  • Businesses with nominees shareholders within their structure
  • Are known or suspected of money laundering or tax evasion
  • Estate Agents or letting agents that are not registered with HMRC
Back I agree the business is eligible