Been bank and phone shopping of late to get the best deal. I know that as a business we are technically required to setup "business" accounts with the banks. But after reviewing a number of banks the business account deals are way over priced compared to "personal" accounts. Most basic personal accounts cost nothing and have unlimited free transactions for everthing except for special items like purchasing cheques etc Where as most business accounts you pay a monthly fee and only some transactions are free where as some you pay for per transaction. I guess my question here is... do we really need a business account or can get away with using a personal account since we are mostly sole traders??