can i open an instant saver as a business account

by , 1 year agoOpen Question

Answers (1)

Hi Lesley-anne and welcome to Money.co.uk

If you are talking about instant access style savings accounts, then they are clearly not suitable for a business account where you would ideally require a current bank account with a business title and full banking facilities. The idea of a business account is one dedicated to business use and therefore ideal for tracking income and expenditure, particularly for taxation purposes.

An instant saver is simply that ... to save money, usually as and when and normally with routine withdrawal facilities although not always. Howevere, if you want to run on instant saver alongside a business account, then there is no reason why not, particularly useful for setting potential income tax liabilities aside!

by Snoopy48, 1 year ago

Posts within the money.co.uk community represent the views, experiences and opinions of members only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter
Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...
Join Our Community

Get fast answers to your money questions, Expert insight, top tips & much more...