Do You Use Personal Bank Account For Your Business?

[Nomad]

In our country, it is illegal to use personal bank account for commercial purpose. For instance, you cannot pay your customers through your personal bank account and you cannot receive payment for your business on your personal bank account. What about you, do you use personal bank account for business, do you have any laws that forbids doing this?

 

[Xtynehappy]

So long as the business Money is safe and in account, l can use even the personal account for business purposes

 

[Augusta]

Nope, it is not same in my country. you can still use your personal account for business. it's up to you to have a separate account for business

 

[eLdavis]

I have plans of opening an account for my business but the process will cost mr and it's a bit long. For now using one of my accounts.

 

[Laurentta]

I don't have an online business yet but when i do i would open a seperate account for my business.

 

[Augusta]

it often discourage or prohibit this practice, and using a personal account for business can create legal, tax, and financial challenges.