To open a business account with us you must be:

• A limited or unlimited company (we don’t provide accounts for limited partnerships, limited liability partnerships, partnership, sole trader, clubs, societies or charities) ​
• A business that is only tax resident in the UK
• Over 18 years of age, UK resident and only tax resident in the UK - this applies to all controlling persons, significant owners and directors
• You can't be a US citizen
• You need to own a mobile phone and have an email account

When you apply to open an Aldermore account you must give us details of a current account in your business’s name. We call this your linked nominated account. Your business current account provider must be a UK bank or building society, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your business current account must allow electronic transfers to be made and received, and we may ask you to send us a bank statement to confirm your account details.

There are certain types of bank account that we can’t accept as your linked nominated account, as they aren’t fully licensed and regulated. These include accounts held with e-money providers.

We can't accept client money or hold accounts in trust.

We need to check your identity and address before we can open an account for you. This will mostly be done electronically, but we may need you to send some identification to us.

If we ask you to provide identification documents, we'll include details about how to do this when we get in touch.

You can make payments from your linked nominated account, using one of the following options:

• CHAPS
• Faster payments
• BACS
• Standing order

We don't accept cheque or banker's draft payments.

Please don’t send any money until we’ve confirmed that your account is open, as we won’t be able to allocate it to your account and it may be returned.

These are the details you'll need when making a deposit:

Account number: Your Aldermore business savings account number (you can find this 8 digit number on the first screen of internet banking listed under accounts)

Our sort code: 23-33-43

Beneficiary name: Your business name

Payment reference: You can choose your own, although we suggest Aldermore Business Savings.

If you have an existing Aldermore business savings account that allows transfers, you can also move money to your new account.

Log into internet banking and select ‘Move Money’ on the menu bar.

For Fixed Rate accounts you have 14 days to make your first payment to benefit from the rate guarantee.

Once you reach the ‘Create a login’ screen, you'll be able to return and complete it at any time.​

From here, you'll receive an email from us, which will contain a unique link that'll allow you to create a password and register your phone number for the two factor authenticator. You’ll then be able to return to your application.​

Please note: You have 24 hours from receipt of the email to click the unique link to create your account.

If you don't receive this email, please check your junk folder. It may also mean that you've not quite given us the information we need to register your account. If the email isn't in your inbox or junk folder, please give us a call on 01733 821 321 and we'll be happy to help. We're open between 8am-6pm on business days.​​