The hassle-free way to open a bank account in the UK
Overcome banking barriers and take control of your finances with HUGS’ expert guidance.
lower currency rate
no payment delays
Control over Transactions
Why Choose HUGS
Banking in the UK can be a challenge for small businesses
Expanding your business to the UK should be exciting, not stressful. Yet, small businesses often face hurdles when trying to open a bank account.
Stringent KYC requirements
UK Banks require strict identity verification and compliance checks to open an account for a business.
No Local Address
UK banks often require a local address to open a business account, creating a barrier for international companies.
Local Regulations
Understanding UK banking and compliance rules can be challenging for businesses new to the region.
Bureaucracy
Navigating the complex steps of opening a UK bank account can be overwhelming without proper guidance.
Why Choose HUGS
Remove the financial obstacles that are stopping your business from thriving in the UK
Say goodbye to the headaches associated with banking in the UK. Feel secure knowing that you have a team of experts that will help you get the banking solution in the UK that will best suit your business.
Why get a UK Bank Account
- Immediate access to tailored banking solutions
- Improved control over currency exchange
- Savings on transaction fees
Our seasoned team will help you navigate the compliance and regulatory requirements to get a UK bank account set up.
How to get Started
Go from frustrated to financially empowered
1. Fill out our form
At your convenience fill our our form with the basic information about your small business and what you’re looking for.
2. Book a call
Book a 30 min call to walk us through your pain points and clarify your business goals.
3. Get UK Bank Account
Our team will work with you to connect you with the right providers and to give you everything you need to open your UK bank account in 1-6 weeks
S&W
What makes great successes? Great friends!
HUGs has a special co-operation and relationship with S&W as a platform for UK, European and Global compliance and advisory needs.
S&W, also known as Smith and Williamson, is a top ten UK advisory firm and was founded in 1881. A veritable institution of the UK advisory industry, HUGS and S&W are trusted partners.
S&W provides support with:
- Considerations for setting up a business outside the US (immigration, entity type, banking)
- Financing your global expansion
- Employment considerations when expanding
- Taxation and compliance
- Opportunities for foreign investors
- Post Brexit considerations and expanding into the EU and globally
- All transfer pricing considerations
- EU and UK GPDR considerations.
Testimonial
What our clients are saying
“Banking in the UK felt impossible. As an American small business owner moving into the UK, there were a lot of different regulations and bureaucratic hurdles to jump through. Unlike in the US, you can’t just walk into a bank and walk out with a business banking account, the banks there have different expectations, and trying to understand that process was very frustrating and took months. Not only that, but the fees when you don’t have a UK bank account add up very quickly!
That’s where HUGS came in. They were able to understand what my business needed and connect me with a provider that was able to give me the type of account and banking set up that was right for my business. I would definitely recommend HUGS for anyone looking to expand their business to the UK without. They’ll save you months of headaches!”
President of East Park Research
HAVE A QUESTION?
Frequently Asked Questions
Learn more about how HUGS will work to get your UK bank account established.
What documents do I need to get started?
Passport, directors and officers’ information, anticipated income, transaction details, and a physical address.
Can HUGS help with currency exchange and payment processing?
Yes, with your new account, you can hold GBP, manage currency conversions, and streamline payment processing. Your banking dashboard will allow you to manage different currencies at the same time.
How much will I save on fees?
You could save hundreds each month, as wire fees decrease from $25 to $1, and monthly banking charges are eliminated.