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 ...
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