[Clever Forum Name]

There is no legal requirement to get a business bank account

Hmmmm my accountant said I had to set one up when going LTD/Vat registered?

[Shane sharples]

You should have a separate account for your business ( to make things easier ) I think you do need one if your ltd/ vat registered but as a sole trader you don't . I just use a separate current account which money is paid into, and I can print off the statement for my accountant without it being to complicated

[8weekly]

When having a business account, is it possible to have cheques paid into a personal account then transferred over to the business account, therefore dodging the charge for putting the cheques in?

It's a pee take getting charged to put your own money into your bank

When I was self employed I did exactly that, but not for the money saving, but to avoid sending cheques through the post to Santander. Either get a cheap account like Santander or stay with a personal account.

[8weekly]

There is no legal requirement to get a business bank account

Hmmmm my accountant said I had to set one up when going LTD/Vat registered?

I'm assuming the op is self employed and not ltd or vat registered.

[Cookie]

I went to a local business advice service when I set up at the beginning of the year.  As I'm a sole trader they recommended just a personal account in my name (I was originally thinking that I should open a business account).

This has saved me £7.50 per month which in my opinion is as good as a £7.50 monthly clean (without doing the work!). The downside is that cheques are written out to me rather than my business name, which you could perhaps argue lacks professionalism, but to be honest nobody has commented on this so far ...

[cgh window cleaning]

One of the benefits of having a business accounts is I can pay cheques in my personal name and my business name and they clear faster.
But the one benefit people over look is that should you ever be investigated by the inland revenue it separates the two.How would most cope if there personal  account was frozen?how would you pay your direct debits,mortgage etc?

[Clever Forum Name]

I went to a local business advice service when I set up at the beginning of the year.  As I'm a sole trader they recommended just a personal account in my name (I was originally thinking that I should open a business account).

This has saved me £7.50 per month which in my opinion is as good as a £7.50 monthly clean (without doing the work!). The downside is that cheques are written out to me rather than my business name, which you could perhaps argue lacks professionalism, but to be honest nobody has commented on this so far ...

Looks unprofessional  lol

[Dave Willis]

I have a business current account and a business reserve account - costs me nothing. Cheques made in my name or my business name - I've even had my business name back to front and they go through.

[Cookie]

I went to a local business advice service when I set up at the beginning of the year.  As I'm a sole trader they recommended just a personal account in my name (I was originally thinking that I should open a business account).

This has saved me £7.50 per month which in my opinion is as good as a £7.50 monthly clean (without doing the work!). The downside is that cheques are written out to me rather than my business name, which you could perhaps argue lacks professionalism, but to be honest nobody has commented on this so far ...

Looks unprofessional  lol

HeHe! OK there's always one