Best bank account for a rental property income and expenditure....

IAMIAM

Will any do? Thanks

JGB1955

You'll need a business account - because you are running a business and the bank will soon cotton on to that......

colsten

Depending on how big or small your business is, a sole trader account at Starling might fit your bill? 

jsmith9

You don't need a business account if it is just one property that you are letting out

jonesMUFCforever

jsmith9 said:

You don't need a business account if it is just one property that you are letting out

A business does not have to have more than one property to be a business?

jsmith9

Sorry it was badly phrased - I was just assuming the op had just one property

I have let out a property on buy to let for many many years and switched bank accounts several times for incentives etc and have always asked the new bank 'i am getting £x each month paid in from a letting agent to my current account do I need a business account' and they have always said no...

The letting agent deducts anything like repairs etc from the rental income and on the very odd occasion I need to pay for anything myself I just use my credit card

reefer37

Get an account that does not charge and does not really need minimum pay ins. As you don’t know your property will always have tenants.
on current market would consider virgin money.