UK high street banks decline new business applications
UK high street banks decline new business applications Many UK high street banks have declined new applications for business bank accounts, or warn of long delays as a result of the coronavirus pandemic. According to high street banks, they will not be taking any new applications as they concentrate on providing the government loans, such as theBounce Back Loans, to existing customers. “Bank staff are working incredibly hard to meet these significant levels of demand [from existing customers], meaning some new customers may currently face some delays when applying to open a business account,” said a spokesperson from UK Finance to theBBC....