Please help me to choose a new business/personal account

Zanderman

travelodger said:

I've also read online that it's ok to use a personal current account for business if you are, like me, a sole trader with a small turnover!

Where online?  There's a huge amount of stuff that you can read online that's not entirely accurate! 

Many sole traders may well use a personal account for business use - I know a few of them - but just because it seems to be 'ok' for them doesn't mean it is ok. It will be against the bank's T&Cs and, if the bank chooses to (it may not) then it can close the account for misuse. 

Personally, as there have always been free to use business accounts about (and there are several at present) I've never seen the need to take the risk. And, of course, having a business account separate to personal banking does help with accounting..