Cash

[magga]

As others say, just use a current account, no fees. You don't have to use your personal account, just setup another. TSB give 5% cashback on up to £100 of contactless payments a month on their classic account too, so there's a free fiver a month there. Plus they pay very good in credit interest!

 

[Andy Allen]

A quick Google and found out there's no legal requirement to have a business account if your a sole traders or in a partnership......only if your a limited company.

 

[hmtiling]

same as, same as

Same as, same as, same as🙂

 

[Ian]

I got rid of my business account a couple of years ago, it wasn't getting used that much as any BACS I just had paid straight into my personal account so I wasn't forever moving money around. Even though the account was inactive, I still got charged a fiver a month fees and ended up owing them. That was when I just closed it down.

 

[One Day]

I got rid of my business account a couple of years ago, it wasn't getting used that much as any BACS I just had paid straight into my personal account so I wasn't forever moving money around. Even though the account was inactive, I still got charged a fiver a month fees and ended up owing them. That was when I just closed it down.

Ditto. I got hit with a 25 quid fee for a mastercard I didn't want, ask for or ever use!
After complaining they refunded it - to the card!
To get my 25 quid back I would have to activate and use the card, then get charged 25 quid for using it!
After trying to sort that mess I simply closed the account.

 

[Viceroy]

Separate current account for business. No issues, no fees!

Exactly! 2 separate current accounts one for business, and one for personal, no charges whatsoever ;-)

 

[blue_max]

Perhaps if you don't provide a receipt, there is no come-back. Tiles are on the wall - for now 😀

 

[Kyle Knowles]

Perhaps if you don't provide a receipt, there is no come-back. Tiles are on the wall - for now 😀

Tut tut surly no one would do any work and not declare it then pocket the money ???

 

[MW Smith Ceramics]

Must admit get Really peed off with the banks excessive charges on a business account....seems you get charged for anything and everything!!

Yep, business accounts are expensive over the year , I use a current account - ( no charges ) - happy days

 

[andyb1]

I have 2 current accounts with different banks, one as a personal account and the other for business,