What is the difference between a personal account and a business account?

A personal account is designed for your individual transactions, while a business account is for a business activity or operation with revenues and expenses.

Steps

1. Combining a large business transaction with a personal account can raise questions about the nature of the transactions and the source of the funds.

2. If you have a regular business, ask your bank about the most suitable account type and how to verify your activity.

Source

• Central Bank of Egypt — Financial Inclusion Rates