Banking Arrangements

December 17, 2017

As a self-employed person did you know you didn’t need a business bank account??

 

You can open a regular current account and use this for your business.  This is a very common misconception which could be costing you significant fees each month, costs are usually applied to a business account for each transaction that passes through the account – even paying in!

 

If you had a standard current account you could be saving yourself a small fortune in a year!

 

If you trade through a Limited Company you will however, need a separate bank account and this will attract a fee.

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