Can you use a personal account as a business account?
Although having two bank accounts appears inconvenient, you shouldn't use a personal account for your business finances primarily because it can affect your legal liability. In fact, one of the first steps to owning a business should be opening a business bank account, in addition to a personal bank account.
Do I need a business or personal 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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