We all know the importance of keeping our business income separate to our personal income.
And one of the ways to do that when starting out is to have a separate bank account for your business transactions.
It not only helps keep your funds separate, but also gives a more professional image to your customers, to give out bank details in the name of your business instead of your personal name.
As a sole proprietor just starting your business and watching costs, one of your most annoying expenses can be your bank account.
I did a bit of digging around and found some very interesting things about opening a business bank account; I’m going to share them with you but please note, everything here is my own personal opinion and I am not by any means any type of banking expert.
Here are a few things I found out when looking around for a South African business bank account for UBC – that might help you: