為何不能用私人銀行帳戶做生意?帳戶被凍結會引伸出什麼後果?  | 香港開網店|開Shopify網店服務|網店資料遷移至Shopify服務

Why can't we do business with our personal bank account? What are the consequences?

Many people will have a question when starting a business, that is: Do you really need to have a business bank account to start a business? Many people open IG Shop with private accounts for transactions. I believe there is no problem if I don’t open a business account! Is this kind of thinking really right?

This idea is not right, and in fact it is quite dangerous! Once the bank suspects an abnormal operation of the account, it may freeze or even cancel your personal account. In addition to not lending your bank account to others, you must be cautious when using it yourself. Because when opening an account, the bank will ask you the purpose of opening the account. If the purpose of the bank account is different from the purpose of the initial declaration to the bank, the bank will feel different or suspect that you are involved in illegal activities (because many money laundering activities are public-to-private), your account may be frozen.

For example, when you first opened an account, you stated that it was only used for personal savings, but it was actually used to handle business transactions. The bank has discovered an unusually large number of small transactions. Even if the money involved does not involve illegal activities, the account may be frozen or even cancelled because the account was not originally used for commercial purposes. Your credit card and mortgage will also be affected. The most troublesome thing is that when the bank freezes your account, it usually does not give you any notice in advance. Many people find that the account is frozen until the account cannot be traded.

Why are banks so nervous that they will freeze their accounts as soon as they find suspicious transactions? This is not because banks want to force small merchants to pay account opening fees, but because of the government's anti-money laundering policy. It is very very common for banks to pay huge fines for money laundering cases. The most classic is that HSBC reached a settlement agreement with the U.S. government in one or two years and paid 1.9 billion US dollars in fines to prevent poor money laundering, setting the highest amount of money laundering settlements in the history of the United States. 

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