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It makes it easier to manage your finances if you open a business bank account. You’ll also get access to services and products you that won’t get with a personal bank account.
Read time: 2 mins Added: 22/07/25
A business bank account is one that you use solely for your business income and expenses. If you have set your business up as a limited company then you must use a business bank account to run it. While sole traders are not legally required to set up a business account, it can be a useful way to keep your business and personal finances separate and access support to help your business thrive.