Jump to content
Sign in to follow this  
Johnna R

Bank Accounts

Recommended Posts

I am wondering if I should open a business checking account or if I should use my business paypal account? I am starting out on a shoestring budget, so not sure what is best. Any advice would be very appreciated.

 

Johnna

  • Like 1

Share this post


Link to post
Share on other sites

Hi Johnna,

 

You will need a bank account of some sort to transfer out from your paypal account. If you set up a Paypal Business Account I'm pretty sure to get it out you'll have to either get one of Paypal's Visa credit cards to withdraw money (not available to Canadians though only USA) or have a business bank account to transfer you money from Paypal to it.

 

That or open up paypal account under your name then just withdraw to personal account.

  • Like 1

Share this post


Link to post
Share on other sites

Yeah you don't need a separate business account if you are just starting out. You can transfer funds into your personal account. Maybe just set up a separate savings in your personal account (since those are typically free) so you can set money aside for expenses etc.

  • Like 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Want to Become a VA?
    Invest in The VAC!
    How Do YOU Startup A

    Virtual Assistant Organization Association
    Upgrade Your FREE Account & Receive Today...
    * Access to Our Bus JOB Board *
    * Group Coaching & Training*
    *Training Tracks*
    * Private Mastermind Area *
    * Business Templates *
    * Contracts & Forms*
    * Plus VAinsider Perks! *
    UPGRADE HERE


    Virtual Assistant Organization Association

    Virtual Assistant Organization Association







    HootSuite - Social Media Dashboard




×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.