I only use my business account for client deposits as l don’t need to give out my name. Apart from that it’s useless. Charged for paying in cash and they have limited me to 20000 a year in cash deposits.

I only use my business account for client deposits as l don’t need to give out my name. Apart from that it’s useless. Charged for paying in cash and they have limited me to 20000 a year in cash deposits.

Oh are you with Lloyds? I think it was them that I saw the 20000 limit for cash pa. Most other banks were even less. I couldn’t believe it. They really are trying to get rid of cash!

And yes that’s one of the main reasons for client deposits so not giving out my real name but also to help with self assessment? So do you just use your personal  account for everything then?

I also do some online work so also need it for payments from that

I dont understand what you mean re the paying your salary into?

And yes I’ve seen those posts about accounts being closed down… so scary!

Sorry, that was bit cryptic!

I bank cash in a personal 'work' account, transfer it to my business account and pay myself a regular salary every month from there; this appears on my personal 'personal' account and can be helpful for things like renting (I moved home not long ago, and it definitely didn't hurt then). I pay all work costs and bills from the work one, and personal stuff from the personal one and that makes it easier for doing accounts and so on.

Looking flawless on paper is never a bad thing, plus having a regular set amount of money coming in helps me not be silly with it