How to get a business account with multiple income sources

Understanding the need for a specialised business account

1. Diverse income streams, one account: When you have income coming in from various sources, such as online sales, freelance services, or rental income, it's crucial to have a central place to manage these funds. A specialised business account offers this centralised control, making it easier to track and manage your finances all in one place.

2. Simplified tax management: With a dedicated business account, sorting out taxes becomes more straightforward. You can easily differentiate personal and business transactions, a must for accurate tax reporting.

3. Enhanced financial health: Regular monitoring of a unified account provides valuable insights into your business's financial health, enabling better decision-making.

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Why choose Card One Money for your business account?

Card One Money is not just another banking solution; it's a platform designed to cater to the unique needs of UK entrepreneurs with multiple income sources. Here's why it stands out:

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1. Same-day account setup: Get your business account up and running on the same day you apply.
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2. No credit checks: Card One Money's business account ensures that your credit history does not impact your ability to open a business account, great for businesses that are yet to trade or those with poor or no credit history.¹
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3. Simple application: Save yourself from having to visit various branches by applying to Card One Money online. It’s takes no more than 10mins and comes with a one-off fee.
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4. Safeguarded funds: Protection of your finances is important. Card One Money protects customer funds via safeguarding, holding them in specially designated safeguarded bank accounts, separate from their other assets.²
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5. Cashback rewards: Load your Card One Money prepaid Mastercard and start spending to get up to 3.5% cashback at some of the UK’s most popular retailers.

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Setting up your Card One Money business account

Managing your Card One Money business account couldn’t be easier, receive funds, make payments and manage company cards simply and securely.
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1. Apply in a flash: Save yourself a branch visit by applying online. It’s takes no more than 10mins and comes with a one-off fee.
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2. Set up payments: Pay wages, suppliers and bills directly, or set up Direct Debits and standing orders so they’re automatically sorted.
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3. Cover expenses: Order up to four cards for your team to use on business expenses and add money directly from your account.

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Conclusion

Managing multiple income sources doesn't have to be a hassle. With a Card One Money business account, UK entrepreneurs can enjoy a streamlined, secure, and efficient way to manage their finances.

By choosing Card One Money, you’re not just opening a business account; you’re unlocking a tool that can transform the way you handle your business finances.