Starting up your own business for the first time can prove to be more difficult than one would expect. Finding and choosing the right bank account is just one of the most essential part of the process, which requires plenty of time and consideration before signing on the dotted line. The problem arises when you begin the search for the right business bank account – which one should you choose. All businesses start small so getting a small business banking account will help you set your business off into the right direction.

For limited companies, you will need to bring with you a certificate of incorporation; identity checks such as drivers licence, passport, birth certificate and any utility bills; a complete list of signatories who are able to sign cheques (if more than one signature is needed on company cheques). Your bank will provide a mandate which you will need to complete and bring with you. Keep in mind that you will not be made to stay with your bank on a strict contract, so you will be free to change it later if you need to.