To link a new bank account, go to Settings → Payment Accounts in your Creditcorp dashboard and select Add account. You will need the sort code and account number of the business current account you want to add.
Verification process
For security, we verify new bank accounts before any funds can be sent to them. Verification is done via a small penny-credit test — we send a nominal amount (typically £0.01) to the account you have listed. You confirm the reference shown in your bank statement inside your Creditcorp account to complete the link. This usually takes one business day.
Which accounts are accepted?
- UK business current accounts held in the company's name
- Accounts at FCA-authorised or PRA-regulated banks and e-money institutions
- One primary disbursement account and up to two secondary accounts per facility
Personal current accounts and accounts in a director's name cannot be used — disbursements are made to the company only.
Removing or changing your primary account
You can demote your current primary account and promote a newly verified account at any time from the same settings panel. If you have an active drawdown in progress, the change will take effect from the next disbursement, not the current one.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How do I update my registered office address in my Creditcorp account?, How do I export my Creditcorp account history?