What is the difference between a business account and a regular account?
A business bank account allows you to carry out almost all the same transactions as a personal account (deposits, withdrawals, transfers, line of credit, etc.), but since it is in the name of the business, it can have several signatories.
Can I use a normal account as a business account?
If you're a sole trader, you can use your personal account for business – though you may find a dedicated business account helpful. If you run a limited company, you must separate your personal and business finances using a business bank account.
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