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  • FIRST POST
    • Layla_B
    • By Layla_B 9th Oct 17, 12:29 PM
    • 2Posts
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    Layla_B
    Personal Current Accounts for a Sole Trader
    • #1
    • 9th Oct 17, 12:29 PM
    Personal Current Accounts for a Sole Trader 9th Oct 17 at 12:29 PM
    I know there is no legal requirement for a Sole Trader to use a business banking account, but I am having a hard time finding a bank that does not resitrict business use in the personal current account T&C's.

    So far, I've tried Natwest, Co-Operative, Barclays, Lloyds, HSBC, Santander and TSB.

    I'm intersted to know if anyone has had any success in finding a personal product for sole trading? I know I can get a business account in a fee-free period, but would much rather have a personal current account. I don't want lending facilities (no overdraft, credit cards etc.)

    Any success stories/recommendations that you can share?

    Thanks all.
Page 1
    • JuicyJesus
    • By JuicyJesus 9th Oct 17, 12:40 PM
    • 3,006 Posts
    • 3,105 Thanks
    JuicyJesus
    • #2
    • 9th Oct 17, 12:40 PM
    • #2
    • 9th Oct 17, 12:40 PM
    None of them accept this in their T&Cs. The point of a personal current account is to be personal.

    Why not just open one of the many sole trader business accounts that offers a period of free banking, then switch at the end of it to one of the many sole trader business accounts that offer a period of free banking for switchers?
    urs sinserly,
    ~~joosy jeezus~~
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