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If I don’t have a UK bank account, what payment solutions are available?
If I don’t have a UK bank account, what payment solutions are available?

How to set up a payment solution if you don't have a UK bank account

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Written by Smart Pension Support
Updated over 9 months ago

We know that some of our customers don’t have a UK bank account. Luckily three of our partners can help.

Revolut Business
A borderless account, with powerful personalised tools all in one place, giving you ultimate control over your business finances.

Provides accounts to companies with directors based in the EEA

  • Some industries are not eligible – click for further information

  • Smart Pension clients benefit from a free Revolut Business account and some great additional features usually reserved for premium accounts, including:

    • bulk payments

    • payment approvals

    • enhanced user permissions

    • perks

Wise is an online account that lets you send money, get paid and send money internationally. With a Wise account, you can set up Direct Debits to your Smart Pension account and also benefit from much better currency conversion rates than with a High Street bank.

  • No geographical restrictions

  • Some industries are not eligible – click for further information.

  • Smart Pension clients receive a free account as an employer, with a one-off payment of just £16 or Wise's local fee, to access local account details and enable payments to us

  • Save money on foreign currencies by converting them at the mid-market exchange rate

  • Smart Pension clients can take advantage of a commission-free Wise currency conversion, up to the value of £10,000

  • Priority onboarding process

Wise - Terms and conditions

Tide Business

Established in 2015, Tide is one of the first digital-only finance platforms in the UK to provide current accounts for businesses. It enables businesses to set up a current account and get instant access to various financial services (including automated bookkeeping and integrated invoicing).

  • Requires account holders to hold an active UK smartphone to download the account app, and the company must be registered with Companies House in the UK

  • Some industries are not eligible

  • Smart Pension clients get a free Tide Business account, as well as exclusive benefits including:

    • £60 balance upon opening your Tide account

    • priority onboarding

    • free transfers for a year

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