business-banking

If you’ve set up a limited company, you don’t need to open a business bank account by law, contrary to popular belief. However, it does make a lot of sense and it’s important that you’re not using your personal bank account. There’s no legal requirement for a limited company to have a business...

There were 3.2 million sole traders based in the UK in 2021, making sole traders the most common form of business in the private sector. When operating as a sole trader, there is no legal requirement to open a business bank account. Business bank accounts are only required if you’ve set up a...