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Business Accounts - whats the point?!

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Comments

  • jimjames
    jimjames Posts: 18,796 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    diamonds wrote: »
    Was 12 months a few years ago

    Mine's still free
    Remember the saying: if it looks too good to be true it almost certainly is.
  • diamonds
    diamonds Posts: 6,048 Forumite
    Debt-free and Proud!
    jimjames wrote: »
    Mine's still free

    Jammy git :D enjoy :)
    SO... now England its the Scots turn to say dont leave the UK, stay in Europe with us in the UK, dont let the tories fool you like they did us with empty lies... You will be leaving the UK aswell as Europe ;)
  • cheesetoast
    cheesetoast Posts: 258 Forumite
    Fifth Anniversary 100 Posts Combo Breaker Name Dropper
    Metro Bank's business account is free if you keep £2000 in there. Cater Allen also have a free one through Contractors UK.
  • planteria
    planteria Posts: 5,322 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    in your circumstances i would use a 'Personal' account for business purposes, but always ensure that you keep it separate to a Personal account for Personal use.
  • badger09
    badger09 Posts: 11,642 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    planteria wrote: »
    in your circumstances i would use a 'Personal' account for business purposes, but always ensure that you keep it separate to a Personal account for Personal use.

    How would that help, when most banks T&Cs state that a 'Personal' account must not be used for business purposes:cool:
  • eskbanker
    eskbanker Posts: 37,821 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    badger09 wrote: »
    How would that help, when most banks T&Cs state that a 'Personal' account must not be used for business purposes:cool:
    Perhaps I'm misunderstanding planteria's point but I assumed it was basically reiterating my earlier one, i.e. if you're going to (ab)use a personal account for business purposes then make sure you have access to a different one as well (with a separate institution) in case the bank decides you're in breach of Ts & Cs, so you can continue to put food on the table....
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