shell28
Well-Known Member
Have to have a business account or can you have a normal bank account when your setting up a business. My head is spining with all what i need to do!!
Do you need a 'business' account?
- Thread starter shell28
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loubylou
Well-Known Member
It is advisable to have a separate biz account as it makes it easier when it comes to doing the books,
lots of banks offer this for free now,
Abbey is one of them, hth :hug:
lots of banks offer this for free now,
Abbey is one of them, hth :hug:
user 28883
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I just use my personal bank account, I have books to fill in but they are easy to manage and as I only work P/T I dont have Tax and I have a NI exemption certificate, really no need for me.
hippy-chick
Well-Known Member
I have 2 current accounts, one I use for business and the other for my personal use.
my personal one I pay £7 a month for extras like AA and mobile insurance and all that jazz.
my personal one I pay £7 a month for extras like AA and mobile insurance and all that jazz.
bombini
Well-Known Member
I prefer having a seperate business account as you can then have cheques made payable to your business name which I think looks more professional, not that I ever get any cheques lol !
I have just changed to Alliance and Leicester which is free banking if you pay in a minimum of £1000 per month otherwise I think it it is £5 which I think is quite good as at least it is a set charge rather than varying every month.
I was with Barclays but as we moved house I found that I was having to pay £1.50 every week to park the car so I could do my banking. A&L use the post office network and I live and work by the PO and they have free parking so I can go in anytime to pay money in.
The only thing that I don't like about A&L is there online banking system I find its quite a lot of faffing about compared to Barclays and Lloyds , and ive never known an account need so many passwords I can barely get into my account let alone anyone else !!
I have just changed to Alliance and Leicester which is free banking if you pay in a minimum of £1000 per month otherwise I think it it is £5 which I think is quite good as at least it is a set charge rather than varying every month.
I was with Barclays but as we moved house I found that I was having to pay £1.50 every week to park the car so I could do my banking. A&L use the post office network and I live and work by the PO and they have free parking so I can go in anytime to pay money in.
The only thing that I don't like about A&L is there online banking system I find its quite a lot of faffing about compared to Barclays and Lloyds , and ive never known an account need so many passwords I can barely get into my account let alone anyone else !!
I was with Barclays but as we moved house I found that I was having to pay £1.50 every week to park the car so I could do my banking. A&L use the post office network and I live and work by the PO and they have free parking so I can go in anytime to pay money in.
Heh did you know you can claim for parking fees,after all its to do with the buisness.!!
shell28
Well-Known Member
Thanks for your help guys i will just open another current account seeing as i dont need a business one.
blutopaz
Well-Known Member
im currently only using a second account i opened on my personal one, never been an issue to have a business one for me, although now im getting my own salon rather then renting my chair i may think again....
