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 CharitiesAssociation of Accounting Technicians | Association of Chartered Certified Accountants |
Association of International Accountants | Association of Taxation Technicians |
Chartered Institute of Legal Executives | Chartered Institute of Management Accountants |
Chartered Institute of Taxation | Council for Licensed Conveyancers |
Faculty of Advocates | Faculty Office of the Archbishop of Canterbury |
Financial Conduct Authority | Gambling Commission |
General Council of the Bar | General Council of the Bar of Northern Ireland |
HMRC | Institute of Chartered Accountants in England and Wales |
Institute of Chartered Accountants in Ireland | Institute of Chartered Accountants in Scotland |
Institute of Certified Bookkeepers | Institute of Financial Accountants |
Insolvency Practitioners Association | International Association of Bookkeepers |
Law Society | Law Society of Northern Ireland |
Law Society of Scotland |
Client Money Protect | Money Shield |
Propertymark | RICS |
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