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Barclays bank issues re Sole trader to Limited Company

  • Member PM.Dip
  • Practice Licence
  • 2 posts
  • # 122655

I've recently gone from being a sole trader since 2009 to a Limited Company. I have banked with Barclays since I was 16 and held a business account for my sole trader since 2009.

I went through all the necessary to create a new limited company account only to find that Barclays dont recognise the ICB as a justifiable governing body, the ICB is simply not on their list. As I told them, I am a practicing bookkeeper who is a member of the ICB which is sufficient for me to practice and yet Barclays dont agree.

Has anyone else experienced this problem with Barclays? Does anyone at the ICB know differently? I have found this a very frustrating excercise and completely fed up with Barclays.

  • Fellow PM.Dip
  • Practice Licence
  • 2 posts
  • # 122685

Barclay's did not have a problem verifying my ICB Practice Licence when I recently changed some of my bank account details. As part of "Know Your Customer", I did have to go through their tedious form filling and part of that involved sending them my Practice Licence. You have to be on the ICB Bookkeeper Directory as they verify that you are listed on that to prove the licence is genuine.

  • Member PM.Dip
  • Practice Licence
  • 2 posts
  • # 122686

sajordan said:

Barclay's did not have a problem verifying my ICB Practice Licence when I recently changed some of my bank account details. As part of "Know Your Customer", I did have to go through their tedious form filling and part of that involved sending them my Practice Licence. You have to be on the ICB Bookkeeper Directory as they verify that you are listed on that to prove the licence is genuine.


 Thanks for your reply. Yes they have had my practice licence and I am on the directory - the issue was that they didnt recognise the ICB as as a legitimate governing body and wanted me to join another association instead.

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