How to switch business bank accounts if you’re a sole trader
How to switch bank accounts as a sole trader. A practical guide to moving payments, avoiding missed Direct Debits, and changing banks without disruption.
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, what protection you get, and what to consider before switching banks.