Discussion in 'General Discussion' started by Tefal, Feb 12, 2017.
Cant do it as a sole trader i tried many times and unless its a registered business they say nope
I'm a sole trader and have a business account with Santander. I never had any problems opening the account either. Unless the rules have changed in the few years that I opened it, you don't need to be a registered company to opened a business account.
And if it's a registered business then they can also get your address.
Ahh conflicting informstion
All banks have to comply with "know your customer" legislation for fraud and money laundering. Those that do business in the US (however small) also have to comply with the US version of it and will be a LOT more pedantic about it due to the very predatory nature of US prosecutors.
You ought to be able do it as a sole trader, otherwise people like plumbers and so on get excluded. If you are forced to go the Ltd co route, then setting one up isn't hard, but it will cost you a little bit. Long time since i did it, so my knowledge is out of date, but a quick google finds: https://www.gov.uk/limited-company-formation/register-your-company.
I hear HSBC in Mexico are quite happy to allow such banking facilities.
You don't need to give out your name for bank transfers, if the 'payee' section is required from your bank you can put in anything.
I can't imagine a business where you don't want clients to know your name, actually no wait I can. As you were.
Do you even need to put down a name when sending money?
I always thought account number and sort code was enough.
Did your cocaine wash up in Norfolk?
Anyway, being serious for a second - I've had plenty of times when someone misspelled my surname when sending me a payment, so you can give them a bogus name - but if you don't want to give your name to the actual bank that's not legally possible.
That's what I was going to say. Nobody can tell what name your account is registered too unless it's a) the bank themselves or b) you tell someone.
Thats ok then.
I wasnt sure if it would throw up an error if it wasnt my real name.
For now then ill jist open another account and use that and give a trading name foe them to enter.
Even if you could now it wouldn't last long. Shortly all online bank transfers will need to have the correct account name or the transfer won't go through. Atm just the sort code and bank account is all that is needed.
Always thought it was mad as if you type one digit wrong in the account number the money goes elsewhere and legally you aren't entitled to it back.
This, as all bank accounts will be linked to an address.
Can happen but it still needs to be a valid sort code/account number combo, more likely it isn't and the payment is rejected.
Not common enough to be worth the effort
Op is doing illegal activities.
I have not read the whole thread but what about those card accounts that you just top up with money? Probably already been mentioned though
One of these http://www.moneysavingexpert.com/credit-cards/prepaid-cards
I bet you could be bit untruthyish and still get one of them
Use business name to fill in the First\Last name details on the application > https://sites.prepaytec.com/chopinweb/scarePersonalDetailForm.do?org.apache.catalina.filters.CSRF_NONCE=C8C9F633CE4F81EE60B4769D94A1E09B
Nah illegal would be cash
Why hide your name lol
Separate names with a comma.