Buisness Bank Account???

[sted]

Hi if i am setting up my new buisness from scratch do i need to set up a buisness bank account or am i able to have cheques etc written in my personal name any advice would be great.

thanks
steve

[Shaun]

Hi if i am setting up my new buisness from scratch do i need to set up a buisness bank account or am i able to have cheques etc written in my personal name any advice would be great.

thanks
steve

There's no requirement to have a business account, and as long as cheques are payable to your personal name then all is good.

[Davy]

No legal requirement to set it up but i like to keep my business and personal life separate , A business account with Santander is free and with a business account you will qualify for other things such as cards for cash and carry places etc so its worth while having.
Santander also let you pay your cheques and cash in at the cashline so even if you take the balance on the night you can still put it in your bank account on the way home if you prefer.

[Solitaire Events Ltd]

Not quite true....

If you are starting up as a partnership or Ltd company then you need a business bank account.

I know most people on here won't be starting like that, but it's worth mentioning.

[yourdj]

just change your personal name to ksdiscos by deed poll then you wont need a business account. :p

[Solitaire Events Ltd]

just change your personal name to ksdiscos by deed poll then you wont need a business account. :p

Great advice there from YourDJ Oakley...:D

[Shaun]

Greta advice there from YourDJ Oakley...:D

Who's Greta? :d

[Solitaire Events Ltd]

Who's Greta? :d

No idea....:whistle:

[yourdj]

Great advice there from YourDJ Oakley...:D

Thanks. It would not be too bad for me if I owned a popular sunglasses company or cider business.
Think of the business account bills I would have saved!

[teenypops]

Thanks. It would not be too bad for me if I owned a popular sunglasses company or cider business.
Think of the business account bills I would have saved!

Or indeed a Carvery business ;o)

[ukpartydj]

No legal requirement to set it up but i like to keep my business and personal life separate , A business account with Santander is free and with a business account you will qualify for other things such as cards for cash and carry places etc so its worth while having.
Santander also let you pay your cheques and cash in at the cashline so even if you take the balance on the night you can still put it in your bank account on the way home if you prefer.

They no longer offer free business banking to new customers.

I've got a business account (free for the first 2 years), I find it saves so much hassle with personal accounts as I want people to be able to pay "UK Party DJ" - If you're planning to use your own name as your business name then setting up another personal account is probably the best way to go?

[ppentertainments]

For me it is quite important to have a business account.
For starters it helps keep finances organised - I'm very strict about keeping business and personal finances separate, I'm not one of these who splash out if I have a good month and plead (personal) poverty when quiet.
Corporate dealings are also easier with a business account - I've had a couple of corporate clients who were not allowed to write cheques to 'a person'

[Solitaire Events Ltd]

For me it is quite important to have a business account.
For starters it helps keep finances organised - I'm very strict about keeping business and personal finances separate, I'm not one of these who splash out if I have a good month and plead (personal) poverty when quiet.
Corporate dealings are also easier with a business account - I've had a couple of corporate clients who were not allowed to write cheques to 'a person'

Cheques? :confused: :D

[ppentertainments]

Cheques? :confused: :D

Are they still a new concept for you ?? ;)