Business Account for 16 year old

[mpatel89]

Hi,

I am in need of a business bank account for my business. Can anyone recommend any banks that will deal with a 16 year old sole trader?

Any response would be greatly appreciated, this is not something I'm experienced with at the moment.

[vpssupport]

Hi,
Most UK banks offer 18 months free business banking and tend to phase in bank charges after that date, I am not sure what the minimum age limit is though.
Good Luck

[mpatel89]

Thanks. From what I've seen from bank's web sites the age limit is mainly 18+. Oh well I'll keep on looking!

[Brian Turner]

Hi mpatel, and welcome to Platinax.

I think you may have difficulty opening a business account at 16 - what you may have more success with is if you were able to open a joint account with someone over 16.

I know it's embarrassing - but, hey, I once had to open one with my mum for my first marketing venture, simply because I was long-term unemployed, which meant that I had no credit history, and the bank refused to provide even a Visa debit unless someone with a credit rating signed up for a join account for the first 6 months.

Anyway, good luck with it.

[JamesSmith]

I was able to open one at 16 with NatWest with Mum in tow, this was some almost 4 years ago.

If you also have a personal account with the bank they'll extend the free banking, generally 12 months free banking is the standard, but they'll extend that to 18 months.