Can personal a/c be used for business payments

Others 917 views 3 replies

Hello,

Ours is a partnership business. We hold a current a/c. For every payment to our client, we pay thru cheque or paypal or wire transfer. Can I also use my Savings a/c to make payments to my client. Will there be any complications, kindly explain.

Replies (3)

Bad idea. Use your firm's current account only to make payments.

i agree with the above answer. it is really a very bad idea. use only the current a/c for payments related to your firm.
Agreed. Uses firm's current account only no matter what.


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