03/08/2025
10 REASONS WHY YOU SHOULD USE A CORPORATE BANK ACCOUNT FOR YOUR BUSINESS
I posted a screenshot showing a chat I had with Fish Magnet a day before his death was announced.
I didnt know anything was happening.
I innocently chatted up the company to buy fish and I was given a personal account to pay.
I declined to pay into a personal account and opted to wait till their corporate account issues were sorted (because the person responding told me there was an issue with their corporate account).
Facebook people have jumped into that post and dragged me like mad.
They claim that they use personal accounts to do business in millions.
They even falsely claim that corporate account costs a lot to open.
They claim I had no interest in purchasing.
The level of ignorance I have seen on that comment section is beyond shocking.
Let me share 10 reasons why you should run business with a proper corporate account and not your personal account.
1. Trust and Credibility - A corporate account shows that a bank performed a legal search on the business and the directors. It is a huge requirement for online trust and customer trust.
2. Brand - Using corporate account portrays the business as a big brand and convers respect on it. Personal accounts water down the brand respect.
3. Transaction history for access to credit - Everyday, you are crying that banks do not want to give money to small businesses, but where is your organized transaction history? In your personal account??? Banks should use your personal account that shows records of you buying s.e.x toys and cakes and wigs to give you loans with people's money?? You must be a joker
4. Grant opportunities - When you apply for a Grant, you are asked to submit bank statements and other documents for a due diligence process. So you will submit your personal account and think you will win $100k? Are you smoking something cheap???
Are you okay in the head???
5. Positioning for greatness and big opportunities- When big opport