About Business Deposit Accounts

This depends on whether we need to contact you to request additional documentation. Normally, we aim to complete the process and have your account opened in 5 business days. Once the account has been opened we’ll contact you to request your first receipt via faster payment. We'll confirm when we've received the payment from you.

The number of account holders needed to authorise a withdrawal is up to you. If you decide to operate the account on “one authority”, it’s important that you have your own internal procedures in place as we can’t be held responsible for any fraudulent withdrawals.

When a withdrawal request is received, we’ll need to make contact to validate the request before the withdrawal is processed. If multiple authorities are required, we’ll need to contact each person, which may mean the withdrawal is delayed if we can’t make contact.

We have different methods of contact, including text and phone call.

Our Business Deposit Team are available Monday to Friday by calling 01282 525110 or emailing businesscustomers@themarsden.co.uk

If your enquiry is urgent, the quickest way to contact us is by calling.

Once you submit your application form for a business deposit account, a member of our Business Deposit Team will carry out checks to verify you, your business and your nominated bank account. If this can’t be done electronically, we’ll contact you and ask for the necessary documents to complete our checks. 

We can open accounts for small-to-medium sized UK-based businesses who are registered at Companies House and have a UK current business banking account. Acceptable companies include Limited Companies, Limited Liability Partnerships and Partnerships. Unfortunately, we’re unable to open accounts for sole-traders and reserve the right to refuse to open an account if you’re engaged in high-risk activities or have links to high-risk countries.