Re: Using Savings accounts for business Quote:
Originally Posted by Greenie For sure, there are some UK banks that will object.
Preferable to use current ot basic accounts to keep the bank(s) happy.
Banks notice everything. | Ok so banks are fine using current-basic accounts for business?
Only 20% £200 of it would be profit so if i only withdrew that amount it's not a lot so think i would get away with that and say it's personal money if they noticed,
The other £800 would be to reorder stock but rather than withdraw it and order my stock paying through my bank would I be safe to order stock paying through paypal? that's my only worry as i order most of my stock from china and I've seen that eBay-paypal don't like people getting stuff from china, would paypal notice the payments to china do you think and would i be at risk? The stuff i sell is low risk and sells for only around £3-£4 per sale but I'm just worried from stuff I've read that they don't like people buying from there, paying for stock through paypal would prob be my prefered option but is that's a risk? thanks.
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