But, you're missing my point totally. If you are running a business other companies you are doing business with are not going to make the cheques out to you personally. That is a big risk to them in many ways if they do so. If you are running a business they are going to make the cheques out to the name on the invoice which is your business name not your personal name. If you are a sole proprietor it'll still be and should be your business name. How they convince their accounting department not to issue the cheque to the company name on the invoice but to you personally is beyond me.dani_toronto wrote: ↑Jul 24th, 2015 1:09 amAnd my point is that they DO care, because it's an opportunity for a LOT of extra profit.
I used the personal account for over 10 years for business purposes, and it only became an issue when they launched the business service.
My guess is that they are actively trying to identify people they can force the option onto. If only 3% of them take the business account and the rest moves out they make a profit.
Hence, companies that are making cheques out to you personally are very rarely companies you're doing business with. That is why banks don't care when they see that.
You are obviously one of the outliers where somehow you got the people that you do business with to make your cheques out to you personally instead of to your business name and the bank caught that. Certainly if a great deal of the cheques you received were from businesses that would raise a red flag.