Do I need a business bank account for my limited company?
My company is newly formed and I'm not sure if I can just use my personal account for now.
Asked by Anonymous on 11 July 2026
1 Answer
Yes, legally a limited company is a separate entity from you, so its money should go through a business bank account in the company's name, not your personal one. Mixing funds makes bookkeeping messy, can trigger director's loan account issues, and looks poor if HMRC ever reviews your records. Most banks now offer dedicated small business accounts, and many can be opened online within days.