Business accounts
If you’re looking to receive payments and pay out money in your company name, a business current account may suit you best.
What is a business bank account?
A business bank account is similar to a personal bank account, but it is meant for business transactions by sole traders, partnerships, companies, clubs, societies or charities. Business bank accounts are a legal requirement if you want to set up a limited company in the UK.
Having a business bank account also lets you apply for a business credit card, and should make it easier to apply for business loans.