Visa keep freezing my debit card for too many transactions via my ebay business

indielad1010

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

[Deleted User]

It may vary by account but in general, no, they don't allow it.

p00hsticks

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf

Page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative), or for the purpose of a business, club, charity or other organisation.

sparklep0ny

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

indielad1010

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this. YOu might not think that it is professional, but that's your preogative, but those are your personal beliefs. Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

sparklep0ny

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

indielad1010

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

I indeed do have their consent. I checked with them, told them I was a sole trader and explained my situation and they were fine, they told me how could I open a business account with LLoyds, but that only need to be an option.

yksi

Whining that it pays your mortgage won't be much help to you if/when they freeze your entire account pending an investigation. You'll then just have mortgage defaults if you can't make your repayments from somewhere else, and as other posters in this thread have learned, the investigations can take months, during which time they have no access to their own money. Even if they eventually found in your favour and apologised for the inconvenience, they can still lock it all for that investigation to take place, and cause misery in the mean time. Do you really think it's wise to run your business from the same account which you depend on for housing stability? Your call.

sparklep0ny

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

I indeed do have their consent. I checked with them, told them I was a sole trader and explained my situation and they were fine, they told me how could I open a business account with LLoyds, but that only need to be an option.

I don't believe you. If you already had their consent you wouldn't have posted a series of links to weird, unknown, advice sites and anecdotal forum posts to support your view that it's fine, you'd have just said you had their consent.

indielad1010

yksi said:

Whining that it pays your mortgage won't be much help to you if/when they freeze your entire account pending an investigation. You'll then just have mortgage defaults if you can't make your repayments from somewhere else, and as other posters in this thread have learned, the investigations can take months, during which time they have no access to their own money. Even if they eventually found in your favour and apologised for the inconvenience, they can still lock it all for that investigation to take place, and cause misery in the mean time. Do you really think it's wise to run your business from the same account which you depend on for housing stability? Your call.

. Likesay, I've contacted Halifax to see if I'm breaking their T and C, and they said no. The case is closed. That's what I should have done all along.