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Can a personal bank account be used for business or will a separate one be required?

April 26, 2017bank account Business separate Used

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Can a personal bank account be used for business or will a separate one be required?

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There is no law which states that a personal bank account can not be used for business expenses. However, in order to prevent either type of expense or income being miss-analysed, it is far better to have separate accounts so that reconciliations can be carried out more efficiently.