Paying rent into UK personal bank account

I am retired and live in France and have rental properties in London. I opened a small business account with Barclays while I lived in the UK to deal with consultancy work I had and continued the account with rent being paid into it. Barclays now says it is closing business accounts held by people outside the UK but I can keep my personal account. However, it says I cannot pay the rent into it as it is not a salary. Is this right?   S.L.

The general position is that a business bank account should be used only for the business for which the account was opened.

However, where this account is in a personal name, to cover for example self-employment, it can be used again for another business activity. 

The ...

To read the remaining 85% of this article, you need to either

Subscribe now to The Connexion and benefit from access to our archived articles since 2006

Freedom Subscription

Pay every three months. Our most flexible subscription.

Automatic renewal, cancel anytime

1 Year Subscription (12 editions)

1 year of great reading in print and online

Automatic renewal, cancel anytime

Digital Subscription (1 Year) (Our best value offer)

1 year of great reading online *no paper*

Automatic renewal, cancel anytime

More articles from Money
More articles from Connexion France
Other articles that may interest you

Loading some business profiles...

Loading some classifieds...