With a business account, private and business finances are well separated. It also provides a more professional appearance and ensures that you can discuss business and finances with your bank.
Business and private divorce
Opening a business account is not a legal obligation, but it can be difficult for entrepreneurs to keep administration clear when private and business money flows are mixed up.
Business Savings Account
Link a savings account to your business account and deposit an amount every month. This way you can easily build up funds for any costs you incur.