Business resources

Do I need a separate business bank account?

Last updated
March 19, 2025

Contents

If you're running a limited company, you'll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.

While you're not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.

Separate business bank account help
Small business accountants
Speak to a small business accountant

Free business accounting consultation to discus business bank accounts.

Take home pay calculator

Business Banking Guide
Free download
Business Banking Guide

We signed up to a range of business banking providers so you don't have to. Check out our guide to find out which ones we preferred.

Email address:

Thank you for downloading our free guide. We've sent you an email with your guide!
Oops! Something went wrong while submitting the form.

Read more of our free business resource guides

Small business accountantsSeparate business bank account help
Speak to a small business accountant

Free business accounting consultation to discus business bank accounts.