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Business Account
lky2k23
Posts: 302 Forumite
I have a business account which has a cash deposit fee (80p per £100 deposited). Is there anything stopping me cashing this in my personal account and transferring this online to the business account.
Thanks
Thanks
Just have a little faith
0
Comments
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Normally T&C prohibit using personal accounts for business purposes.
Regular cash deposits to a persona account are very likely to draw attention.0 -
Worth trying until the bank pull us up on it?Just have a little faith0
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If you don't mind getting the personal account frozen and closed eventually.0
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They usually "pull you up on it" by closing your account, they do not often send a nice letter asking you to stop.0
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If you are a sole trader its simply an issue of your account being closed. If you are a Ltd then the issues are more complex as you are banking someone elses money into your account0
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