Can I use my personal bank account for company money?
Don't. Running company money through a personal account blurs the separation that limited liability depends on, creates a tax reconstruction problem when LHDN asks whose income is whose, and typically breaches the bank's own account terms. If the corporate account is taking time, that's a reason to fix the application — not to improvise with your savings account.
Also asked as: personal account for business; guna akaun sendiri untuk syarikat; company revenue personal account.
Key facts
- Undermines liability separation
- Creates tax attribution problems
- Usually breaches bank terms
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.