I was refused a bank account today by someone at Tide. I’m trying to setup a business bank account as a sole trader and would like to keep the the startup capital separate from my personal bank account for tax and accounting purposes. They refused on the basis i did not have a website (which only takes a few hours since I am going to be using shopify) . They also said I had not informed HMRC. I phoned HMRC and they said you do not need to inform them until you officially start trading.
Not really happy with the service from Tide - very poor understanding of HMRC and website setup process. I’m little concerned, what happens if I didn’t need a website would you have still refused?