Do I need a business bank account for my company?

Описание: Do you really need a business bank account for your UK limited company? In this video, Bryn from Rapid Formations breaks down the legal position - and why, even though it’s not strictly required by law, a dedicated business bank account is essential in practice.

In this video you’ll learn:
• Why keeping business and personal finances separate is so important
• How mixing transactions can cause tax issues, errors, and penalties
• Why a business account boosts professionalism and credibility
• What banks typically require when opening a UK business account
• What non-UK residents need to know
• How Rapid Formations can refer you to up to 8 business banking options

Whether you’ve just formed your company or are planning ahead, this guide will help you make the right financial decision for your business.
Explore company formation packages and banking referrals at rapidformations.co.uk, or speak to our UK Support Team on 020 7871 9990.

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Chapters:
0:00 Intro
0:34 Why a bank account is still essential
2:02 What you need to set up a UK bank account
2:30 Always do your research

About Rapid Formations:
Rapid Formations is the UK’s Number 1 Rated Company Formation Agents on Trustpilot. Every year, over 36,000 business owners place their trust in our business services. We make it easy and affordable to set up a limited company in the UK. You can be ready to trade in 3-6 hours. Our expanding range of products grows to meet the evolving business demands of our clients.

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