Check if you’re eligible for a Xonder business account

Before you apply, it’s worth checking if your business meets the criteria below.

We at Xonder would like to offer an account to as many businesses as possible. But unfortunately, there are some business activities and industries that we can’t support.

So before you apply for an account, we thought it would be useful to see a summary of who we can and can’t support:

Key eligibility criteria

  • Your business must be registered and trading in the UK – however if you live outside of the UK, then your business must be registered and trading within the UK and we require certified proof of address and photo ID.

  • You’ll need to be a UK resident

  • You’ll need a UK phone number

  • You’ll need an iOS or Android device to open and manage the account. For Apple devices, you’ll need to be on iOS 12.2 or later and for Android you’ll need to be on 7.0 or later

  • Maximum account balance is £100k for both limited companies and sole traders

  • You have to be 18 or over to open an account

Business types we don’t support

  • Charities (registered or unregistered)

Business activities we don’t support

Here are some example activities and industries that we currently don’t support:

  • Adult entertainment or services
  • Alcohol and tobacco manufacturing
  • Armaments and defence
  • Art/Antique dealers
  • Betting/Gaming
  • Bidding fee auctions
  • Businesses with more than 2 Directors
  • Car wash services
  • Cash based businesses
  • Casinos, prize draws and other betting or gambling activities
  • CBD businesses
  • Charities (registered or unregistered)
  • CICs and CIOs
  • Cigarette distributors
  • Cryptocurrency and blockchain
  • Dating
  • Debt Collection
  • Defence and Aerospace 
  • Distilleries
  • Electronic Cigarettes
  • Embassies and consulates
  • Escort services and other services in the adult industry
  • Forex
  • Freight shipping
  • Gambling
  • Mail Order/ Telephone Order (MOTO) Processing
  • Modeling agencies
  • Money services (such as foreign exchange, loan providers, money transfers)
  • Money Service Businesses (MSB) – eg foreign exchange
  • Multi-Level Marketing
  • Pawnbrokers
  • Pharmaceutical Industry
  • Political parties
  • Raw precious metals and stones
  • Sale, import and export of used vehicles or heavy machinery
  • Sale or trade of cannabidiol (CBD) products
  • Sale of unlicensed pharmaceuticals
  • Some manufacturers (including manufacturers of rubber products, manufacturers of medical, dental or veterinary equipment, and others)
  • Trading of cryptocurrencies
  • Trading of precious metals and stones
  • Trading of weapons, explosives or armaments
  • Travel agencies
  • Trust and company service providers – eg involvement in formation of other companies
  • Unlicensed trading and processing of scrap metal
  • Unlicensed waste management
  • Unregulated entities conducting activities that require regulations
  • Web hosting

Have another question?

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