I am about to receive a few incidental < 500£ payments in to my account.
Continuing a business I run already abroad but am in process to set this up here in UK. Taxation here is much more favourable. (Who would’ve thought I would ever say that? )
The payments are against invoices.
I am not keen on opening another account only for these few initial payments.
Would Monzo allow me some time to decide whether I set-up a business account or not?
It would be as sole trader. I do understand that if I would open a Ltd. that they would object against this.
Appreciate concrete advice