Business Resources

Do I need a separate business bank account?

By

Chris Andreou

Do I need a separate business bank account? guide

Contents

If you're running a limited company, you'll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.

While you're not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.

If you’re running a limited company, you’ll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.

While you’re not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.


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