UK Services
Virtual Bank Account
Why is Virtual Bank Account?
To manage your Amazon payments effectively, start by selecting the right payment service providers and banks. Use Amazon Seller Central to handle your direct payments and consider third-party processors like Payoneer or PayPal for additional features. Choose banks that offer low fees, quick transfers, and seamless integration with Amazon, such as Chase or HSBC. For Amazon FBA users, monitor your account regularly to ensure accurate fee deductions and payments. Keep track of your sales and consult a tax professional to handle any tax implications.
Best Virtual Bank Account
Payoneer
Hyper Wallet
Wise
After Company Is Formed, Steps To Open A UK Bank Account As A Non-Resident
Here’s a simplified guide for opening a UK bank account as a non-resident director or UBO for your e-commerce business:
- Research UK banks or payment providers to find the best fit for you. If you're short on time, we can help with recommendations or offer a free consultation.
- Gather your passport or ID, proof of personal and company address, business details, and company registration documents
- After you submit your application, the bank will review it and might conduct checks. You may need to provide more information if required.
- Once approved, deposit money into your new account. You can do this via international wire transfer or through revenue from your e-commerce sales.
- Requirements can vary by bank, so check each bank's specific policies.
What Should Non-Residents Look For When Choosing a UK Bank Account?
Choosing a UK bank account as a non-resident can be tricky, but here are some key points to consider
- Banks have rules on who can open an account, often based on where you live or what kind of business you run. Make sure you meet their criteria or ask for help to find a suitable option.
- Check the bank’s fees for things like opening, maintaining, and transferring money internationally. These can add up, so finding the best rates can save you money.
- If you’ll be dealing with different currencies, look for a bank that offers good exchange rates, which can vary based on factors like the amount you exchange.
- Choose a bank with a reliable and user-friendly online platform, especially if you’ll be managing your account remotely.
- Look at reviews and the overall reputation of the bank or service provider to ensure they’re trustworthy and reliable.
