Reply To: Business account in UK for selling in UK – which bank/ account, please?

Homepage Forums Sprint To Profit Discussion Business account in UK for selling in UK – which bank/ account, please? Reply To: Business account in UK for selling in UK – which bank/ account, please?

Amanda Tucker
Amanda Tucker
Keymaster

Hey Claudia,

Just a thought, if you have a UK Business and selling on Amazon.co.uk platform, you only really need a local BUSINESS account because you are moving Amazon ”sterling’ sales to your business ‘sterling’ account.

It only gets more complex when you have an international business and therefore you need a simple service like World First and Transfer Wise to help you convert the USD to GBP at the best conversion rate (this would be the case if you had US Amazon sales and wanted to convert them into GBP).

So just look at your high-street banks that offer the best business banking services – including online banking, customer support, low monthly/annual fees, a credit card or debit card etc.  But that also has the ability to open a Foreign Currency account, if you need it later.

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