Do you need a separate bank account if you’re self-employed?
If you're starting up, do you need a separate bank account for your new business? The answer depends upon the type of business structure you work under.
If you’re self-employed, you can usually use a personal bank account for business transactions. However, many sole traders still choose to open a dedicated business account to keep their finances organised.
This section explains when a separate account makes sense, how to choose one, and what to consider before switching banks.