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Setting up a limited company - opening your business account

One of the first actions you will need to take once your limited company formation has been completed is to establish a limited company bank account. There are numerous high street banks keen to offer you a business bank account and the choice is yours.

If you have previously held a business bank account with a particular bank you might like to approach them again or indeed your personal bank.

Alternatively, Genie Accountancy has an established relationship with Cashplus who are able to assist. (Click here or on the logo for more information about Cashplus.)

Cashplus business account with Genie Accountancy


We would advise all companies to open both a current and deposit account in the company name. The company’s deposit account represents a great opportunity to plan effectively for future tax liabilities.

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    Contractor employed by Genie Umbrella

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  • 'When I signed up with Orange Genie I felt immediately that I had found a company that knew what they were doing, but had a personal approach at the same time - something that is so often missing in similar organisations.'

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3rd Floor, Buckingham House Buckingham Street Aylesbury. Bucks, HP20 2LA Company registration number 04896166.

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Genie Accountancy is one of the UK’s most reputable contractor accountant specialists. From help with setting up a limited company and understanding a director’s responsibilities to determining IR35 status and undertaking tax planning. Our Consultants provide all the advice and support required to help you and your limited business.