Why Every Sole Trader Should Consider a Business Bank Account

Business Bank Account for Sole Traders: Why It Matters

Running a business as a sole trader often means juggling everything from winning new clients to staying on the right side of HMRC. One of the smartest financial steps you can take is opening a business bank account for sole traders to keep your finances organised.

While it’s not a legal requirement, at SBX Accountants, we believe separating personal and business finances is essential for clarity, compliance, and easier bookkeeping, and it’s something we recommend to all our sole trader clients.

Why You Should Make the Switch

Still wondering if it’s worth separating your personal and business finances? Here’s why a dedicated business account is a smart move:

• Cleaner bookkeeping – No more sifting through personal statements to find work expenses.
• Tax efficiency – Properly categorised transactions = fewer errors, smoother year-end.
• Professionalism – Clients take you more seriously, and it boosts your brand image.

Our Top Pick: Revolut Business

There are many options available, but for most sole traders, Revolut Business offers the best balance of speed, features, and value.

✅ Quick, Easy Setup
Open an account fully online in minutes, no paperwork or branch appointments required.

✅ Transparent Pricing
Choose from free or affordable monthly plans. No hidden fees or confusing tariffs.

✅ Powerful Mobile App
Manage your business finances on the go with real-time alerts, budgeting tools, and in-app invoicing.

Seamless Integration with QuickBooks

Revolut links directly with QuickBooks, which we provide to our clients at no extra cost. Together, they offer:

• Automatic syncing of bank transactions
• Streamlined expense tracking
• Faster, easier year-end reporting
• Real-time financial insight

Always Ready for Tax Season

Using QuickBooks + Revolut helps you:

• Estimate tax liabilities as you go
• Keep expenses categorised all year round
• Stay compliant with Making Tax Digital for Income Tax ahead of the 2026 rollout

Built-in Security Features

Revolut keeps your money and data safe with:

• Biometric login
• Instant freeze/unfreeze options for cards
• Industry-leading digital security

The SBX Advantage: Simple, Stress-Free Finances

With SBX Accountants, you get:

✅ Help setting up Revolut Business
✅ Free QuickBooks subscription
✅ Unlimited support from your own accountant

This combination helps you:

• Save time on bookkeeping
• Stay compliant with HMRC
• Make smarter financial decisions
• Be fully ready for tax changes

Want to Simplify Your Finances?

If you’re a sole trader ready for modern, streamlined business banking, we’re here to help.

📞 Request a callback today and we’ll walk you through setting up Revolut Business and how we can support you year-round with tax, bookkeeping, and expert advice.