UK bank account?

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New Member
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Hello,

I'm in the process of setting up a new UK company and will need a new business account. Are some banks "better" than others regarding working with Shopify or doesn't it really matter? I'm with Bank of Scotland / Lloyds for personal banking and unless there are valid reason not to use them for a business account I'll stick with them.

 

thanks

Matt

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Shopify Staff
Shopify Staff
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Hey, Matt

Eunice here from the social care team at Shopify. Thanks for posting!

You can use any bank you wish. There are no banks that work better with Shopify than others. However, if you are looking to use Shopify Payments then you'll need to make sure that your bank account meets the following requirements before you connect it to Shopify Payments:

  • The account is a full checking account or a current account in the UK and Ireland.
  • The account uses the payout currency of your region.
  • The account can accept electronic bank transfers.

I hope that helps. Also, here's a great blog post for you: Basics of Small Business Accounting: 12 Steps to Get Your Company on Track. It touches on opening a bank account for your business, and other handy tips on managing your finances.

Cheers!

Eunice | Social Care @ Shopify 
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