Do I Need a Separate Business Bank Account?

Quick answer: Yes. A company is a separate legal person, so its money should be in its own account. It also makes tax, invoicing and getting paid much simpler.

Why it matters

• Keeps business and personal money separate
• Makes your bookkeeping and tax far easier
• Clients trust invoices paid into a company account
• Payment providers often require it

What banks usually ask for

• Your company registration documents
• ID documents for the directors
• Proof of address

The free FNB account

Every company we register comes with a complimentary FNB Gold Business Account, so you can start trading from day one.

See company registration from R990.