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View Full Version : Do I need a separate Bank Account?



weeteeny
11-12-2007, 01:22 PM
hi guys.

am just due to start minding in new year and was wondering if i will need a separate bank account for minding???:confused:
the one i use for everyday gets my direct debits etc paid out of it,will that matter, or will i have to open another account for payment of fees,expenses etc.(not that there's a load of money in it!!)

any suggestions???!!

thanx

LittleMissSparkles
11-12-2007, 01:25 PM
I dont have a seperate account but I no some minders do x

angeldelight
11-12-2007, 01:37 PM
I do not have a different account

Angel xx

deeb66
11-12-2007, 01:57 PM
No - I don't have a seperate bank account

Polly2
11-12-2007, 02:31 PM
me neither

but it is up to you really :)

take care
holly

ma7ie
11-12-2007, 03:14 PM
Hi I have a separate account for childminding, but it's just an ordinary current account. Just thought it would be easier to keep track of money.

Marie x

emler
11-12-2007, 03:33 PM
Hiya

I don't have a separate account for childminding either. Its up to you whether you want to keep everything separate or not

Emler x

Pudding Girl
11-12-2007, 04:17 PM
As above...in fact I don't have an account of my own at all, it'll be done through hubby's.

samw
11-12-2007, 08:32 PM
Ive just opened a seperate account for my childminding. I will lose track otherwise.

Sam x

buildingblocks
11-12-2007, 08:52 PM
Abbey National do a business account with no charges and very few restrictions

teacake2
12-12-2007, 06:57 PM
If you eventually become an accredited network childminder and offer the NEG funding for 3 year olds then you would have to have a separate bank account as you are paid directly (in my case from Stafford) but for my other children I just use my normal account.

Teacake2:)

smartie
04-01-2008, 10:26 PM
Hi I have a separate account for childminding, but it's just an ordinary current account. Just thought it would be easier to keep track of money.

Marie x

I also have a seperate account. I pay ALL my childminding money in and take out ALL the money I spend out of the account. (Uniform, Insurances, Purchases of equipment etc)

I kind of pay myself a wage of £X each month and pay it over to 'our' personal joint account. Anything extra I keep for myself - Sssssssshhhhhh!


It really does make it easier when it comes to doing your accounts. Especially if you have to do full accounts when your income is over £15,000.