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What to expect once all documentation has been provided

On completion of the above the bank will undertake a review of the information provided including relevant security, identity and credit checks.

So long as all the necessary information has been provided this assessment and security check process should usually take 10 working days.

But if greater due diligence is needed it could take longer.

It is important to note that if you have foreign investors, directors or owners this process may take longer as the bank based in the UK will need to undertake checks abroad, often via professionals (e.g. solicitors/accountants), in the directors’ country of residence or business domain.

It is also important to note that these checks will continue periodically across the life of the account relationship and may require further information/documents to be provided to ensure that the bank’s record of you remains current and compliant with regulatory expectations.

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