Business Name On Outgoing Payments

Can anyone confirm which name will be shown on the recipients statement when I make outgoing payments from my business account? Will it be my limited company name or my personal name?

I assumed it would be my limited company name, but the beneficiary details on the ‘add money’ page show my personal name rather than my business name, which has made me doubt myself.

I don’t know the answer, but could you send yourself a small payment (say £1) and see what shows up on your own statement?

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Yeah, I’ll probably end up doing that. I’m a bit anal with my accounting records and like to keep them clean, so I just thought I’d ask first to see if anyone could confirm. :slightly_smiling_face:

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I can totally understand that! I’m interested in the answer, so if you find out other than from a response here, can you post your results?

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Of course, I’ll post as soon as I find out. I’m almost certain it will be the company name. People will be expecting to receive payments from the company name, so I hope it’s the case anyway!

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I send myself money from my business account every week - it’s the business name that shows up.

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I pay salary from business to personal - I get the company name on my personal feed as the payer name.

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Thanks @caspararemi and @projectfortytwo. That’s just what I needed to know. :slightly_smiling_face:

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If you want to check, I’ll happily accept a payment from you… :wink:

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Company Name

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