It adds to the banks credit,that's for sure. I agree,if it is something you are used to and happy with,no problems,but i for one,have never needed one to assure anyone,of my credibility.
My accountant,creditors and debtors,HMRC,all the customers i have ever dealt with,both here and overseas,have never squeaked a murmur,regarding this point.
I have used the very same accounts for all of my transactions,in different currencies,for income,expenditure,asset sale and purchases,half-way into six figures,never had one company,individual or institution,cock a snoop.
The thing to realize,is all the razz of "business account",or my favourite "personal business adviser",boils down to nothing more than banking law,or regulation,consumer law,and any arrangement made between the bank and customer,that observes both.
There is no lawful reason,beyond a banks own business policy,that prevents ALL the arrangements agreed to on a business account,being applied to an account of any other name.
Murdoch is right,i concede,regarding a new or unknown trader,where it may give a new customer a degree of confidence,but as most of my business is on a trust basis,with longstanding partners,it matters not.
Shiny,liveried vehicles,certs,scheme stickers,tee-shirts with yer name on...all may,add to credibility...but can also,a muppet conceal :goofy:
