2 min read
Bank brand is irrelevant
A lender assessing you does not care whether you bank with a high-street name or a digital challenger. Through open banking, they can read the account whatever the provider. The trading inside it is what is assessed.
The only practical point
Use a genuine business account that supports open banking so the data flows cleanly. Beyond that, your banking relationship has no bearing on borrowing from a separate lender.
Applying
Connect whichever business account you use and apply online.
Frequently asked questions
Do I need to bank with a particular bank to qualify?
No. Open banking lets any lender read any supported business account. Your choice of bank does not affect eligibility.
Does using a digital challenger bank matter?
No, provided it is a genuine business account supporting open banking. The trading in the account is what a lender assesses, not the provider.
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