Can I cash a business cheque?

aidso

I am a sole trader (second income), doing odd jobs on the side and normally get paid for my services through PayPal.

I did a job for someone that has paid me via a bankers cheque in the name of my company. Probably is, I don't have a Business Bank Account as I am not earning enough. So I have this cheque made out to the company, rather than to me as an individual - for obvious reasons - and am wondering is there any way to cash it without opening the bank account? Most accounts I have seen charge quarterly fees that would negate anything i am paying in.

DCFC79

Could you not ask for it to made out to you ?

Flobberchops

The only way I could see that working is if the bank had your account registered as "Joe Bloggs trading as Example Inc." or similar, allowing you to deposit cheques made out either in your personal or company name.

Which I presume is only an option for a business account.

If it was me I'd just return the cheque to the client and advise them of the ways you'd like to be paid.

aidso

Flobberchops wrote: »

The only way I could see that working is if the bank had your account registered as "Joe Bloggs trading as Example Inc." or similar, allowing you to deposit cheques made out either in your personal or company name.

This is what I am thinking. I have requested the person to re-write, so hoping they are able to do so.