Business account requirements:
Company details including business registration number
UTR number for sole traders
Ultimate Beneficial Owner information
Including a valid passport/ID
Bank account listed in the business name
If your bank account is listed in a "doing business as" name, please add this information to the company details section
If you are a sole trader in the U.K. with a business bank account, you will need a business account on Savvy Pay. Please follow the steps below to verify your account as a U.K. sole trader.
Enter the legal business name on the account as your name
Enter your trade name in the DBA field. If the DBA field matches the bank account name, it will be approved
Enter the first 8 digits of your UTR number in the Company number section
Upload an HMRC document from the last 12 months. Your name and UTR number should be on this document