Open a Business Account
Make your company’s cash work harder
Most businesses leave surplus cash in current accounts. We provide an alternative.
An ii Business Account gives you a simple, flexible way to invest that money and keep control of how it's managed.
Important information: As investment values can go down as well as up, you may not get back all of the money you invest. Currency changes affect international investments, and this can decrease their value in sterling. If you’re unsure if an investment account is right for you, please speak to an authorised financial adviser. Tax treatment depends on your individual circumstances and may be subject to change in the future.
Before you start your application, please make sure you have read and understood our Terms of Service, Rates and Charges, and Privacy Policy.
Is an ii Business Account right for you?
Whether you’re holding reserves for future investment, managing working capital buffers, or planning for growth, investing can help:
- Earn income on cash through low-risk money market options
- Build longer-term reserves via bonds, funds or shares
- Access global markets and multiple currencies from one place
Importantly, you remain in control and can adjust your investments as your business needs change.
A simpler way to help turn idle cash into working capital for growth.
Built for directors, not institutions
Many cash management solutions are designed with larger businesses in mind.
- Control: choose how your company invests and how much risk to take
- Flat-fee pricing: a simple flat monthly subscription
- Direct access to investments: invest in shares, funds, ETFs and more through a single account
Designed for how SMEs operate
Businesses often hold cash for different purposes.
- Cash for day-to-day operations
- Reserves for future plans or unexpected costs
- Longer-term reserves for growth
Manage all three, in one place, allowing you to start cautiously and adjust your approach over time.
A platform for growth
It’s about giving your business greater financial flexibility.
- Build capital for investment, hiring or expansion
- Put more of your surplus cash to work
Some costs, such as platform fees, may be allowable business expenses. Tax treatment depends on your circumstances.
Take more control
An ii Business Account gives you the flexibility and freedom to invest how you want.
Invest in a wide range of opportunities from shares to funds, ETFs, bonds, investment trusts and more.
Manage currency conversions on your terms
Hold up to 9 currencies in your ii Business Account. Convert when you choose and invest in overseas markets without automatically converting currency on every trade.
Know your money is safe and secure
We’re regulated by the Financial Conduct Authority (FCA) and you have added protection with the Financial Services Compensation Scheme (FSCS). Your money’s security is our priority.
A wide choice of investments for your Business Account
Whether you’re investing here in the UK or exploring our international offering, there’s a range of investment types to choose from...
Money Markets
Money market funds are a cash-like investment that can be held inside your Business Account.
Investors can earn an income on their cash with minimal risk.
Bonds and gilts
Balance your risk and get regular income, with a wide range of corporate and government bonds from the UK and beyond. Browse our bonds and learn why many choose to include them in their portfolio.
Funds
Passive, active, income and accumulation - the full spectrum of fund types are here for your choosing. Explore the range, see our expert picks and learn more about this type of investment.
Shares
With direct access to the UK, US and several other global markets, you’ll have the world of investing at your fingertips. Search our shares and find tips and ideas to help you build your portfolio.
ETFs
With over 1,000 Exchange Traded Funds (ETFs) to explore, you’ll get access to one of the widest ranges of low-cost ETFs around. Discover more about investing this way and find the ETFs for you.
Investment trusts
Our selection of investment trusts includes many of the most popular and top-traded choices by investors. Get insights from our experts to help you choose the right trusts for your portfolio.
How to open a Business Account
To open a Business Account for a limited company, you need to complete an application form.
Before you start your application, please make sure you have read and understood our Terms of Service, Rates and Charges, and Privacy Policy.
Please be aware:
You must complete ALL sections of the application form
All directors and beneficial owners must be aged 18 or over and be UK residents. The application must include details of all directors and any shareholder or beneficial owner who:
- owns 25% or more of the company's share capital; or
- has significant control over the company.
These details will be matched against Companies House records.
The company must be registered in the UK. Companies registered in Jersey, Guernsey or the Isle of Man are not eligible.
Fill in our online Business Account application form: Business Account Application Form.
Do I need a Legal Entity Identifier (LEI) code?
Yes. Companies investing in shares, funds, bonds and other securities need a Legal Entity Identifier (LEI).
An LEI is a globally recognised identification code used to identify legal entities participating in financial markets.
You'll need a valid LEI before applying for a Business Account. You can get an LEI through a provider accredited by the Global Legal Entity Identifier Foundation.
What are the charges for a Business Account?
At ii, we believe in flat monthly fees that can help you to reach your company’s investment goals sooner. See the table for our price plans.
Other charges such as trading fees apply. These are charged separately to your monthly fee.
Business Account charges
| Invest up to | Monthly fee* | Plan |
|---|---|---|
| £100,000 | £5.99 | Core |
| No limit | £14.99 | Plus |
| No limit | £39.99 | Premium |
* On Core and Plus plans, we take an additional monthly charge of £30 to cover operational costs in maintaining services for Business Accounts. On our Premium plan there is no extra charge.
Bring more of your investing together with Premium
With Premium, Business Accounts are included in your £39.99 monthly plan fee.
You’ll also get our lowest trading and FX rates:
- UK and US share trades for £2.99
- Our lowest FX rate of 0.25%
- Free fund trades
Your wider Premium membership also includes 10 free trades each month, advanced investing tools with ii360 and enhanced benefits for your family.
Business Account FAQs
Yes, you can apply for a Business Account using our online form.
The company must be UK tax-paying entity only (including any parent companies) and all directors and people of significant control must be UK tax-paying residents only. The company must not be a financial institution and must have a valid LEI before starting an application.
To open a business investment account with ii, you simply to complete an online application form. Once the account is open we may ask for a self-certification form and a bank or building society statement in the company name in order to set up the nominated bank account to send money to.
By debit card
You can fund your Business Account using a debit card with the following conditions:
- Company Debit Card: The debit card must be registered in the name of the company.
- Registered Address: The debit card must be registered to the company’s address as listed on Companies House. It cannot be registered to the director’s personal address.
The guide for adding cash online via debit card can be found here: Funding Your ii Account by Debit Card
By bank transfer
You can fund your Business Account via bank transfer using the following details:
- Sort code: 623161
- Account number: 00000000
- Reference: Your 7-digit ii account number
Funds can be transferred from:
- Business Bank Account (Nominated Account): Funds can be transferred from the company’s bank account. You will need to have one company bank account registered as your nominated account in order to make payments into and out of your account. If you are unsure whether we have your bank details on file or need to register a nominated account, please contact our Customer Service Team.
- Director’s Personal Bank Account or Trading Account: A named Director can fund the Business Account from their personal bank account or their Trading Account. This is known as Director’s funding. Please note that if this is done, the assets will no longer belong to the director personally and can only be withdrawn to the company bank account in the future.
It can take up to five working days to open an investment account, however this can change if additional verification is needed.
Yes, providing you have an LEI code, your limited company can invest in another company by buying its shares.
We ask for details about your company’s activities so we can understand how it operates and assess your application.
Please provide a clear description of what your company does, rather than a one-word answer or a SIC code.
For example, instead of “consulting”, you could say: “IT consulting services for small UK businesses, including system implementation and support”.
We’re unable to open accounts for certain types of businesses, including those classified as financial institutions for tax reporting purposes. Providing full and accurate information will help us avoid delays.
Yes, as part of our verification process, we may contact company directors and people with significant control (PSCs) using the contact details held on official company records.
This helps us confirm the application and protect against unauthorised or fraudulent activity.
