Can a Virtual Office address be used to open a bank account?
Verification Using a Residential Address
Every director must provide a genuine residential address for verification purposes. If you're based in the UK, you'll typically be asked to present both photographic ID and proof-of-address documentation, either in person or through online verification methods.
It's vital to note that using a virtual address as your residential address is not only against the money laundering regulations but also potentially breaches fraud laws, or at the very least, shows intent.
After successful verification by the bank, you can then use a virtual office address for all subsequent banking correspondence.
Every director must provide a genuine residential address for verification purposes. If you're based in the UK, you'll typically be asked to present both photographic ID and proof-of-address documentation, either in person or through online verification methods.
It's vital to note that using a virtual address as your residential address is not only against the money laundering regulations but also potentially breaches fraud laws, or at the very least, shows intent.
After successful verification by the bank, you can then use a virtual office address for all subsequent banking correspondence.
Updated on: 16/08/2023
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