Should a sole trader use a separate bank account?

I want simple records and do not want to buy unnecessary services. What has worked for others?

About this guidance: My Business Path prepared and reviewed this general guidance as a practical starting point. It is not advice tailored to your circumstances. Check current official guidance or ask a qualified professional when the decision depends on your circumstances.

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My Business Path starting point

A separate account is often operationally useful even where it is not a legal requirement. Check bank terms and prioritise an evidence trail you can maintain.

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