Can I transfer my sole trader starling business account to Halifax to get £125

IAMIAM

I applied for it on application and it was accepted as a switch - but not heard from starling or Halifax about it since (5 days ago)

mab3000

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

jonesey1985

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

EarthBoy

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

Daliah

EarthBoy said:

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

A one-man Decorator & Painter band told me the other day that Halifax have told him that it's ok to use his personal current account for his business. He takes around £60K a year in payments from clients, all by bank transfer. I don't know how true this is.

eskbanker

Daliah said:

EarthBoy said:

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

A one-man Decorator & Painter band told me the other day that Halifax have told him that it's ok to use his personal current account for his business. He takes around £60K a year in payments from clients, all by bank transfer. I don't know how true this is.

If they put it in writing, or stated it in a phone conversation that would be recorded, then that would be handy in terms of constituting consent, but less so if it was just a chat in branch where there may be two opinions about what was said!

swanfan02

Daliah said:

EarthBoy said:

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

A one-man Decorator & Painter band told me the other day that Halifax have told him that it's ok to use his personal current account for his business. He takes around £60K a year in payments from clients, all by bank transfer. I don't know how true this is.

Very true as it happens, I’ve used ordinary current accounts while being a sole trader for a number of years. 

eskbanker

swanfan02 said:

Daliah said:

EarthBoy said:

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

A one-man Decorator & Painter band told me the other day that Halifax have told him that it's ok to use his personal current account for his business. He takes around £60K a year in payments from clients, all by bank transfer. I don't know how true this is.

Very true as it happens, I’ve used ordinary current accounts while being a sole trader for a number of years. 

But did Halifax explicitly consent to this (in order to satisfy the Ts & Cs) or are you just assuming that it's OK because you've got away with it so far?

swanfan02

eskbanker said:

swanfan02 said:

Daliah said:

EarthBoy said:

jonesey1985 said:

mab3000 said:

You cannot use the current account switch service to switch a business current account to a personal current account, the switch has more than likely failed.

Also It would be against Halifax’s terms and conditions to use a personal account for business use. 

To be fair Halifax do say "Without our consent" in regards to business use, rather than forbidding it outright.

I can't imagine them giving consent unless, perhaps, it's a very small business with only small amounts of money going through the account. 

A one-man Decorator & Painter band told me the other day that Halifax have told him that it's ok to use his personal current account for his business. He takes around £60K a year in payments from clients, all by bank transfer. I don't know how true this is.

Very true as it happens, I’ve used ordinary current accounts while being a sole trader for a number of years. 

But did Halifax explicitly consent to this (in order to satisfy the Ts & Cs) or are you just assuming that it's OK because you've got away with it so far?

I never said it was halifax

IAMIAM

Well it worked. I am transferring my starling business account to Halifax reward account and got the £125 today. So what a waste of a thread.

mab3000

When you say you have/had a sole trader starling business account, was it actually a personal current account you opened to use for your business as a sole trader, or was it actually a business account? 

If it’s the former that makes sense that this has worked. If it is the latter, then I’m lost as to how this switch has happened…