Contractors who have decided to trade via a contractor limited company must set up a separate bank account
for their contracting business, and may choose from a range of business bank account providers.
A limited company is a separate legal entity from a contractor, and it requires its own bank account in order
to accept payments from agencies and clients, and also to pay business expenses incurred by the contractor.
Contents:
^ TopContractor banking
Contractor banking: choosing a business bank account
Contractors who have decided to trade through a limited company must apply for a separate business bank account for their contracting business.
Contractor banking – applying for and opening a business bank account
Once a contractor has decided which financial institution they plan to bank with, the next step is to work through the process of opening the account.
Contractor banking – running a business bank account
Having successfully applied for and opened a business bank account, contractors should adopt best practice when running their company’s account.
Contractor banking: choosing a business bank account
Contractors who have decided to trade through a limited company must apply for a separate business bank account for their contracting business.
Contractor banking – applying for and opening a business bank account
Once a contractor has decided which financial institution they plan to bank with, the next step is to work through the process of opening the account.
Contractor banking – running a business bank account
Having successfully applied for and opened a business bank account, contractors should adopt best practice when running their company’s account.