Business bank accounts for adult entertainment companies

Finding business bank account for an adult company

When it comes to finding business bank accounts and card processing for adult businesses things can become a little tricky, the reason for this is adult entertainment is deemed high risk by the majority of banks and providers. Adult industries include;

 

  • Escorts
  • Strip clubs
  • Chatline companies
  • Websites selling adult toys
  • Video streaming sites

 

Although most high street providers will not supply banking services to adult entertainment businesses, others will accept applications providing all sales are legal, after all it’s a multibillion-pound industry.

Opening a business bank account for adult company

High risk applications can take a little longer than others, so it’s important to be prepared and provide as much information as possible when applying for business banking. As well as the normal requirements when opening an account (ID, proof of address, company registration) expect to be asked to provide; details of products, terms and conditions and where applicable proof of age clarification for customers.

 

Prior to applying for an adult business bank account, it’s worthwhile speaking to banks and assessing if they are onboarding accounts from the industry. Smaller banks and providers often have the ability to pre-approve applications, by talking through your application with underwriters before the forms have been completed.

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Declined for business banking elsewhere

If you’ve had your application rejected by a high street bank you may wish to look for alternatives with smaller providers, some of which you may never have heard of before. Smaller banks often operate a manual underwriting process, meaning they can accept adult business banking applications declined elsewhere.

How Merchant Advice Service can help

Merchant Advice Service has partnered with banks who accept applications from adult entertainment businesses and sole traders. Speak to our experts today to start your application.

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We will keep record of your data and consent granted to us. Your consent will be reviewed on a five yearly basis to ensure that our relationship and the purpose of the data have not changed.

We act on requests to withdraw the information we hold on you as soon as we can.

For further information please refer to our full terms and conditions HERE.

Make a quick enquiry

Speak to us directly and get any questions you have answered. Submit your details and we’ll be in touch shortly.

Agree

Tick this box to allow Merchant Advice Service and partnering firms to contact you in relation to your enquiry and associated services. Note we do not use pre-ticked boxes or any other type of default consent. We may use the data on this form to to pass you onto an advisor who suits your specific needs. You may withdraw your consent at any given time.

We will keep record of your data and consent granted to us. Your consent will be reviewed on a five yearly basis to ensure that our relationship and the purpose of the data have not changed.

We act on requests to withdraw the information we hold on you as soon as we can.

For further information please refer to our full terms and conditions HERE.

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