To open an account:
• You can open our Business accounts either by post, via an application form, or online on our website, www.utbank.co.uk.
• The minimum deposit is £5,000.00 per account.
• The maximum deposit is £1 million per account.
• A Nominated Bank Account must be provided when applying for an account. The Nominated Bank Account must be a transactional UK Bank account where electronic payments can be made and received. The Nominated Account must be in the name of the Business.
• You have 14 days after submitting your application to fund your account. Funds need to be sent from your Nominated Account and can be made either electronically or by cheque. If it is not funded at the end of 14 days we will close the account.
How to place notice on an account:
• Notice can be given by email or using the contact form on our website.
• Please state your name, account number, amount of withdrawl, confirmation of the nominated bank account.