How long does it take to open a limited company bank account?

The time to open a limited company bank account can vary. Some banks can set up an account within a few days if all documents are in order, while others may take longer due to verification processes. At Tide, most members have their account set up in minutes, though this process can take up to a few days depending on the complexity of the business.

• Unique Tax Reference (UTR) in the UK;

• Social Security Number (SSN) for individuals and the Employer Identification Number (EIN) for most entities in the US;

• SIREN in France; or

• NIP/PESEL in Poland.

The OECD website can be consulted for further details about the TIN or its equivalent.