{"id":508338,"date":"2023-10-09T10:55:39","date_gmt":"2023-10-09T09:55:39","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=508338"},"modified":"2025-11-13T13:55:24","modified_gmt":"2025-11-13T13:55:24","slug":"personal-account-for-business","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business","title":{"rendered":"Can I use my personal bank account for my business?"},"content":{"rendered":"<p>If you run a small business, you might want to know whether you really need to open a separate business account or whether you can simply use your personal bank account instead.<div class=\"keyTakeaways\">\n  <div class=\"keyTakeaways__header\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"21\" viewBox=\"0 0 314.16 201.03\" fill=\"none\">\n  <path d=\"M212.32,190.62c-19.66,0-38.8-6.44-54.42-18.24-15.63,11.79-34.77,18.24-54.42,18.24-49.84,0-90.39-40.55-90.39-90.39V9.83h199.24c49.84,0,90.39,40.55,90.39,90.39s-40.55,90.39-90.39,90.39Z\" fill=\"white\"\/>\n  <path d=\"M212.32,15.9c46.57,0,84.33,37.75,84.33,84.33h0c0,46.57-37.75,84.33-84.33,84.33h0c-20.75,0-39.74-7.51-54.42-19.94-14.69,12.43-33.68,19.94-54.42,19.94h0c-46.57,0-84.33-37.75-84.33-84.33V15.9h193.18M212.32,3.76H7.01v96.46c0,53.19,43.27,96.46,96.46,96.46,19.47,0,38.46-5.92,54.43-16.84,15.96,10.91,34.95,16.84,54.42,16.84,53.19,0,96.46-43.27,96.46-96.46S265.51,3.76,212.32,3.76h0Z\" fill=\"#232320\"\/>\n  <path d=\"M216.34,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"\/>\n  <path d=\"M105.92,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"\/>\n<\/svg>        <h3 data-toc=\"false\">Key takeaways<\/h3>\n  <\/div>\n\n    <ul>\n          <li>Sole traders and freelancers aren&#8217;t required to open a business bank account.<\/li>\n          <li>It could still be a good idea due to the simplifying of account admin, extra features and more.<\/li>\n          <li>If you run a limited company you need to open a business bank account.<\/li>\n          <li>You can <a href=\"https:\/\/www.finder.com\/uk\/business-banking\">compare business bank accounts here<\/a>.<\/li>\n      <\/ul>\n\n  \n  <\/div>\n<h3>Can I use my personal bank account for my business?<\/h3><p>Whether you&#8217;re allowed to use a personal bank account for your business depends on the type of business you run.<\/p><h4>Sole trader<\/h4><p>If you\u2019re a sole trader or freelancer, or you&#8217;re contracting with a business that\u2019s not a limited company, there\u2019s no legal requirement to have a business bank account. That\u2019s because your business isn\u2019t legally separate from you &#8211; financially, you and your business are one and the same. <\/p><p>However, just because you don\u2019t need one, this doesn\u2019t mean you shouldn\u2019t have one.\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/arrow-link\\\/prod\\\/arrow-link.b54cdc282fcfbd8bdad2.css\"]}<\/script><h4>Limited companies<\/h4><p>If you run a limited company, you are required to open a business bank account. This is because you\u2019ve registered your business with Companies House, which means it\u2019s a separate entity to you legally and financially. Opening a separate business account also makes it much easier to manage your company finances.\n<div id=\"lazy0000000001\"><\/div>\n<h4>Business partnerships<\/h4><p>Whether you need to open a business bank account as a partnership depends on the partnership you\u2019ve set up.<\/p><p><strong>General partnerships<\/strong> don\u2019t need a separate business account as the business isn\u2019t incorporated with Companies House. All partners manage their own profits and pay tax through self-assessment. <\/p><p><strong>Limited liability partnerships<\/strong> (LLP) must register with Companies House, which means your company is a separate legal entity and you need to open a separate LLP bank account. <\/p><p><strong>Limited partnerships<\/strong> also need to open a business bank account, as the company is a legal registered entity at Companies House. <\/p><h3>Why you shouldn\u2019t use a personal account for business purposes<\/h3><p>Even if you don\u2019t need to open a business account, there are reasons why it\u2019s best not to use your personal account for business purposes. For a start, some banks won\u2019t allow you to use a personal bank account for business transactions, and if you\u2019re found to be doing so, your bank account could be closed or some features could be restricted. <\/p><p>On top of this, it can be a lot harder to track of your business expenses if they are combined with your personal transactions. This can make filing your tax return trickier. <\/p><h3>Benefits of using a business account<\/h3><p>Opening a business bank account has a number of benefits. For example:<\/p><ul><li><strong>It simplifies account admin.<\/strong> Keeping your business income and expenses separate from your own makes it much easier to file your tax return. Easily identifying business expenses can help ensure you pay the right amount of tax. What\u2019s more, if HMRC has to investigate your business finances or you hire an accountant, they won&#8217;t have to look at your personal finances.<\/li><li><strong>It can help you build a business credit rating.<\/strong> Having a separate business account can enable you to build a business credit score, which could make it easier for you to get accepted for a business loan or credit card in the future.<\/li><li><strong>It can make your business appear more professional.<\/strong> Clients might be happier making payments into a bank account in your business name rather than your own.<\/li><li><strong>You might benefit from extra features.<\/strong> Some business accounts come with additional features, such as accounting software integration and invoicing tools.<\/li><\/ul><h3>Bottom line<\/h3><p>If you run a limited company, limited liability partnership or limited partnership, you\u2019ll be required to open a business bank account for your company. <\/p><p>Sole traders and general partnerships, on the other hand, don\u2019t need to open a business account, but there are many good reasons for doing so. Whether it\u2019s to help track your business transactions or build a business credit score, using a business account rather than a personal one can make good financial sense. <\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">How long does it take to open a business bank account?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">That depends. If you\u2019re opening your account with an online (or digital) bank, it could be up and running the same day or within a couple of days. But opening a business account with a high street bank can take between 1 to 4 weeks, as the bank needs to carry out various identity and business checks.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Can I open a business bank account if I have bad credit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Yes, you can open a business bank account if you have bad credit, but your choices will be more limited. A number of online or app-based providers don\u2019t require a credit check as part of their application process, including Zempler, Tide and Card One Money.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">How much does opening a business bank account cost?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\">This depends on the account. Some business bank accounts charge a monthly fee, while others charge for business transactions such as bank transfers, cash withdrawals and cash deposits. Some might charge both, so check carefully.<\/div>\n  <\/div>\n<\/li><\/ul><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Make sure you understand the rules around using a personal bank account for your business.<\/p>\n","protected":false},"author":1047,"featured_media":502376,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3786],"tags":[],"asset_tag":[],"class_list":["post-508338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-banking"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can I use my personal bank account for my business?<\/title>\n<meta name=\"description\" content=\"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can I use my personal bank account for my business?\" \/>\n<meta property=\"og:description\" content=\"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\" \/>\n<meta property=\"og:site_name\" content=\"Finder UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/findercomuk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T09:55:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rachel Wait\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/rachelwait?lang=en\" \/>\n<meta name=\"twitter:site\" content=\"@findercomUK\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel Wait\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\"},\"author\":{\"name\":\"Rachel Wait\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/531b4649d053a94fb7388e896df73218\"},\"headline\":\"Can I use my personal bank account for my business?\",\"datePublished\":\"2023-10-09T09:55:39+00:00\",\"dateModified\":\"2025-11-13T13:55:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\"},\"wordCount\":979,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png\",\"articleSection\":[\"Business Banking\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.finder.com\/#organization\"},\"commentCount\":0},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\",\"url\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\",\"name\":\"Can I use my personal bank account for my business?\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png\",\"datePublished\":\"2023-10-09T09:55:39+00:00\",\"dateModified\":\"2025-11-13T13:55:27+00:00\",\"description\":\"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"UK\",\"item\":\"https:\/\/www.finder.com\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Banking\",\"item\":\"https:\/\/www.finder.com\/uk\/business-banking\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Can I use my personal bank account for my business?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/uk\/#website\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"name\":\"Finder UK\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/findercomuk\",\"https:\/\/x.com\/findercomUK\",\"https:\/\/www.linkedin.com\/company\/finder\/\",\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/531b4649d053a94fb7388e896df73218\",\"name\":\"Rachel Wait\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.finder.com\/uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RachelWaitF1_Supplied_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RachelWaitF1_Supplied_600x600.png\",\"caption\":\"Rachel Wait\"},\"description\":\"Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time.\",\"sameAs\":[\"https:\/\/twitter.com\/rachelwait?lang=en\",\"https:\/\/www.linkedin.com\/in\/rachel-wait-00463013\/\",\"https:\/\/muckrack.com\/rachel-wait\"],\"url\":\"https:\/\/www.finder.com\/uk\/author\/rachelwait\",\"jobTitle\":\"Writer\",\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/uk\/#organization\",\"name\":\"Finder\"}}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2025-11-13T13:55:27+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Can I use my personal bank account for my business?","description":"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business","og_locale":"en_GB","og_type":"article","og_title":"Can I use my personal bank account for my business?","og_description":"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.","og_url":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business","og_site_name":"Finder UK","article_publisher":"https:\/\/www.facebook.com\/findercomuk","article_published_time":"2023-10-09T09:55:39+00:00","og_image":[{"width":250,"height":250,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png","type":"image\/png"}],"author":"Rachel Wait","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/rachelwait?lang=en","twitter_site":"@findercomUK","twitter_misc":{"Written by":"Rachel Wait","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#article","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business"},"author":{"name":"Rachel Wait","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/531b4649d053a94fb7388e896df73218"},"headline":"Can I use my personal bank account for my business?","datePublished":"2023-10-09T09:55:39+00:00","dateModified":"2025-11-13T13:55:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business"},"wordCount":979,"publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png","articleSection":["Business Banking"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.finder.com\/#organization"},"commentCount":0},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business","url":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business","name":"Can I use my personal bank account for my business?","isPartOf":{"@id":"https:\/\/www.finder.com\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png","datePublished":"2023-10-09T09:55:39+00:00","dateModified":"2025-11-13T13:55:27+00:00","description":"We explore why using a personal bank account for your business won\u2019t necessarily be the best choice.","breadcrumb":{"@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/3\/2023\/08\/instant-access-business-savings-accounts_250x250.png","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/uk\/business-banking\/personal-account-for-business#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"UK","item":"https:\/\/www.finder.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Business Banking","item":"https:\/\/www.finder.com\/uk\/business-banking"},{"@type":"ListItem","position":3,"name":"Can I use my personal bank account for my business?"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/uk\/#website","url":"https:\/\/www.finder.com\/uk\/","name":"Finder UK","description":"","publisher":{"@id":"https:\/\/www.finder.com\/uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/uk\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/3\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/uk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/findercomuk","https:\/\/x.com\/findercomUK","https:\/\/www.linkedin.com\/company\/finder\/","https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/531b4649d053a94fb7388e896df73218","name":"Rachel Wait","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.finder.com\/uk\/#\/schema\/person\/image\/","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RachelWaitF1_Supplied_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RachelWaitF1_Supplied_600x600.png","caption":"Rachel Wait"},"description":"Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time.","sameAs":["https:\/\/twitter.com\/rachelwait?lang=en","https:\/\/www.linkedin.com\/in\/rachel-wait-00463013\/","https:\/\/muckrack.com\/rachel-wait"],"url":"https:\/\/www.finder.com\/uk\/author\/rachelwait","jobTitle":"Writer","worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/uk\/#organization","name":"Finder"}}]},"article_modified_time":"2025-11-13T13:55:27+00:00"},"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_masthead_subheading":["{\"text\":\"Find out whether you need to open a separate business bank account for your company.\"}"],"_content_type":["niche-content\/information\/how-to"],"custom_post_template":["single-masthead-two-column.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/508338"}],"collection":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/users\/1047"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/comments?post=508338"}],"version-history":[{"count":7,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/508338\/revisions"}],"predecessor-version":[{"id":550970,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/posts\/508338\/revisions\/550970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/media\/502376"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/media?parent=508338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/categories?post=508338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/tags?post=508338"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/uk\/wp-json\/wp\/v2\/asset_tag?post=508338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}