Open a business bank account
Running a business through your personal account is a bad idea as HMRC will want you to keep your business records separate from your personal records.
When it comes to choosing a business bank account, there are lots of things to consider, but it really comes down to your business and your needs. Will you have lots of outgoings and incomings? Will you need to pay for stock in cash? Would you like to have a business manager on hand to help you? Are their branches in your area and is this important to you? There is lots of information about the Barclays business bank accounts on the Barclays website, which should help you see how the accounts work and what you can expect from what's out there.
If you still have questions, why not head to Barclays Connector, an online community where you can get advice from other people who have been there and done it!
When your account is set up, don't forget to register for mobile banking, so you can stay on top of your money instantly, wherever you are. Try Barclays Pingit too - the free app from Barclays that lets you send money using just a mobile number. Your customers can send you money easily with Barclays Pingit, not to mention you can pay suppliers quickly and easily too.
Barclays Bank plc takes no responsibility for the content of third party websites or the views and recommendations expressed by named third parties in this webpage. The material on this webpage is for information only. Barclays Bank PLC. Registered in England. Barclays Bank PLC is authorised and regulated by the Financial Services Authority (FSA). Registered No 1026167. Barclays Insurance Services Company Limited is authorised and regulated by the FSA. Registered No 973765. Registered Office for both: 1 Churchill Place, London, E14 5HP. Barclays Business is a trading name of Barclays Bank PLC. Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board and is licensed and regulated by the Office of Fair Trading for the provision of credit products to consumers and related services. Further details can be found at www.lendingstandardsboard.org.uk
Last updated: over 1 year ago