Practical requirements.
WHAT YOU GENERALLY NEED
Registration documents Identification for signatories Proof of address Passport photographs Completed bank forms
Requirements vary. Confirm with the specific bank first.
WHY IT MATTERS
Business and personal money separated Payment gateways require a corporate account Customers expect to pay a business account
THE GATEWAY POINT
Most payment gateways require a corporate account matching your registered name.
An account name mismatch delays or prevents approval.
WHAT TO CONSIDER WHEN CHOOSING A BANK
Charges Online banking quality Branch accessibility Whether they support what you need
WHAT TO SET UP
Online banking Alerts for transactions Appropriate authorisation limits
THE ALERTS POINT
Transaction alerts are your earliest warning of unauthorised activity.
WHO SHOULD HAVE ACCESS
As few people as necessary, with appropriate limits.
WHAT TO KEEP SEPARATE
Business and personal transactions, entirely.
Mixing them makes accounting substantially harder.
