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Bounce back loan

I got a bounce back loan but the bank chargers me for using the account. Can I close this bank account without closing the bounceback loan account?

Comments

  • What did the bank say when you asked them?
  • Grumpy_chap
    Grumpy_chap Posts: 18,558 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Most business bank account will have fees.
  • I haven’t asked, was going to get a personal account for now. Just wondered if there was a rule on this.
  • Grumpy_chap
    Grumpy_chap Posts: 18,558 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Most personal accounts have t's&C's against using the account for business purposes.
    How did you do your business banking before you applied for the BBL?
  • MinuteNoodles
    MinuteNoodles Posts: 1,176 Forumite
    1,000 Posts Name Dropper
    horton717 said:
    I haven’t asked, was going to get a personal account for now. Just wondered if there was a rule on this.
    Banks don't allow personal accounts to be used for business except in a very few cases. If they believe you're using it for a business they'll either start applying charges or just close it.

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