In short no. You must open a bank account in the name of your limited company. Why? You will not be able to pay cheques/payments in the name of your company into your personal account. You cannot/should not use a personal bank account for your limited company. You may be interested in more Startup FAQ’s.
This question is more common than you might think! Used up your personal premium bond allowance? Why not buy more through a limited company. Sorry. Nice idea but it’s not allowed. Premium bonds can only be purchased by individuals (they cannot be jointly owned). This is because the government really doesn’t want to get into […]
Contact me on social media.