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

Sensory

IAMIAM said:

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.

As a sole trader personal current account, it would go through because it's not a dedicated business bank account.

eskbanker

swanfan02 said:

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

Ah right, I assumed your comment was relevant to this thread about Halifax, but apparently not....

Zanderman

IAMIAM said:

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.

But it is no longer, I assume, a business account?

So if you use it as one you're breaking the terms of the account.

Not a waste of a thread at all (though you do tend to create a lot of them - this is at least the third asking about business - personal accounts!) - but an interesting demonstration of how things can work.

But the key issue, surely, is that you now no longer have a business account. 

Which may now create problems. 

[Deleted User]

IAMIAM said:

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.

Not at all.
There will be dozens of other readers that will learn from this.

This forum isn't just for the benefit of the poster - it's a valuable resource for others that come here to learn.