{"id":18428,"date":"2021-06-07T20:00:00","date_gmt":"2021-06-07T12:00:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/personal-banking-vs-business-banking.html"},"modified":"2026-03-26T16:00:39","modified_gmt":"2026-03-26T08:00:39","slug":"personal-banking-vs-business-banking","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html","title":{"rendered":"Personal Banking vs Business Banking: Do I Need Separate Accounts?"},"content":{"rendered":"\n<p>Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses, then it\u2019s fine.&nbsp;<\/p> \n<!--more--><p>However, as your <a href=\"https:\/\/www.comparehero.my\/sme\/articles\/top-tips-to-manage-your-smes-finances-during-this-pandemic\" target=\"_blank\" rel=\"noopener noreferrer\">business grows<\/a>, you may want to consider opening a business account, especially if compiling financial statements and tracking financial transactions start becoming more complex and tedious. Establishing a bank account is also one of the more obvious proofs that your <a href=\"https:\/\/www.comparehero.my\/sme\/articles\/propelling-entrepreneurs-sme-into-the-digital-world\" target=\"_blank\" rel=\"noopener noreferrer\">business is expanding<\/a>.&nbsp;<\/p> \n<h2>What is a business bank account and how is it different to a current account?&nbsp;<\/h2> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/personal-banking-vs-business-banking-1.jpg?resize=640%2C335&#038;ssl=1\" alt=\"personal-banking-vs-business-banking-1\" width=\"640\" height=\"335\"><br> <em>If your business\u2019 financial statements are getting more complicated and convoluted, you may want to consider opening a business bank account.&nbsp;<\/em><\/p> \n<p>Gotcha! That was actually a trick question; a business bank account is a current account \u2013 but with business specific features and special facilities to help <a href=\"https:\/\/www.comparehero.my\/sme\/articles\/sme-landscape-malaysia\" target=\"_blank\" rel=\"noopener noreferrer\">business owners<\/a> manage their finances better and to ensure a clear separation between their business and personal finance.&nbsp;<\/p> \n<p>If you need a quick refresher on what is a current account, it is essentially a type of bank account (the other being a savings account) that keeps your finances intact and secure, facilitates payments i.e., direct debits and cheques, and allows other parties to pay you. However, different current accounts will have different features according to the banks, so don\u2019t assume that all banks provide the same solutions for everyone and that it\u2019s a one-size-fits all situation.<\/p> \n<p><strong>Related:<\/strong> <a href=\"https:\/\/www.comparehero.my\/sme\/articles\/enhanced-cimb-platinum-business-card\" target=\"_blank\" rel=\"noopener noreferrer\">Here Are 7 Reasons Why The CIMB Platinum BusinessCard Should Be Your Company\u2019s Go-To Credit Card<\/a><\/p> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/personal-banking-vs-business-banking.jpg?resize=640%2C335&#038;ssl=1\" alt=\"personal-banking-vs-business-banking\" width=\"640\" height=\"335\"><br> <em>Business bank accounts come with an array of additional features that personal accounts don\u2019t usually have.&nbsp;<\/em><\/p> \n<p><strong>General features of business bank accounts:&nbsp;<\/strong><\/p> \n<ul> \n <li aria-level=\"1\">Allows account holders to borrow money, get a business credit card, and accept card payments from customers. These are features that can potentially help owners scale their business.<\/li> \n <li aria-level=\"1\">If you are dealing with international clients, a business bank account will help you get access to foreign facilities, especially if you are going to come across foreign exchange rates, make international transactions, and sometimes, use your card overseas.<\/li> \n <li aria-level=\"1\">A business bank account also offers cash and cheque handling, a debit card, and an overdraft facility, which is a great way to reduce the number of bounced cheques and to get hold of quick cash (by allowing you to withdraw an amount that exceeds your account balance for as long as it is within an agreed amount). You can also set up direct debits and standing orders.<\/li> \n <li aria-level=\"1\">However, business bank accounts tend to require an authorised figure to sign cheques. On top of that, any changes in signatories, must be notified to the bank right away.<\/li> \n<\/ul> \n<p><strong><br> Related:<\/strong> <a href=\"https:\/\/www.comparehero.my\/sme\/articles\/how-cloud-based-hr-softwares-can-ease-your-business-way-of-working\" target=\"_blank\" rel=\"noopener noreferrer\">Find Out How Cloud-Based HR Softwares Can Ease Your Business\u2019 Way Of Working<\/a><\/p> \n<p>If you are interested to apply for a business bank account for your business, then look no further than the CIMB Business Account\/-i. Scroll below for some of its benefits:<\/p> \n<ul> \n <li aria-level=\"1\">Unlike other banks, opening an account with CIMB is hassle-free \u2013 you can get your account number within the same day once you complete your application at your preferred CIMB branch.<\/li> \n <li aria-level=\"1\">CIMB offers a convenient and secure way of performing online account inquiries, banking transactions, fund transfers, bill payments \u2013 all through its dedicated and integrated platform, BizChannel@CIMB.<\/li> \n <li aria-level=\"1\">Lastly, you can manage and track your transactions easily with their complimentary monthly statements.<\/li> \n<\/ul> \n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/144634072.fs1.hubspotusercontent-eu1.net\/hubfs\/144634072\/assets_comparehero\/CIMB_i_Account_JPG.jpg?resize=640%2C217&#038;ssl=1\" alt=\"CIMB_i_Account\" width=\"640\" height=\"217\"><\/p> \n<h2>How do I apply for CIMB Business Current Account\/-i?<\/h2> \n<p>Generally, different banks will have different application procedures and requirements but applying for the CIMB Business Account\/-i is straightforward. Here\u2019s a super easy-to-follow explainer:&nbsp;<\/p> \n<p><strong>Follow this easy 3-step process and open your CIMB Business Current Account\/-i from the comfort of your home<\/strong><\/p> \n<p>Step 1: Complete the online application form from 8.30am to 6pm Monday to Friday.<\/p> \n<p>Step 2: Visit your preferred branch to activate your account&nbsp;<\/p> \n<p>Step 3: Set up your BizChannel@CIMB account<\/p> \n<p>You\u2019re good to go!&nbsp;<\/p> \n<p>Apply <a href=\"http:\/\/www.cimb.com.my\/onlinebcai?cid=a1:bb_a2:generic_a3:comphero3_a4:160321_a5:ban_a6:bank_\" target=\"_blank\" rel=\"noopener noreferrer\">now<\/a>! For the full guideline and a list of the essential documents, click <a href=\"https:\/\/www.cimb.com.my\/content\/dam\/cimb\/business\/documents\/other-information\/deposit-investments\/current-account\/business-account-application-form-and-guideline.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.&nbsp;<br> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses,&#8230;<\/p>\n","protected":false},"author":268230141,"featured_media":1829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[419],"tags":[],"class_list":["post-18428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-explained"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero<\/title>\n<meta name=\"description\" content=\"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero\" \/>\n<meta property=\"og:description\" content=\"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html\" \/>\n<meta property=\"og:site_name\" content=\"CompareHero\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CompareHero.my\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T12:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-26T08:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg?fit=1200%2C628&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CompareHero\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CompareHero\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html\"},\"author\":{\"name\":\"CompareHero\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#\\\/schema\\\/person\\\/77b02f49f8e76551ac6a7f3d7eb59611\"},\"headline\":\"Personal Banking vs Business Banking: Do I Need Separate Accounts?\",\"datePublished\":\"2021-06-07T12:00:00+00:00\",\"dateModified\":\"2026-03-26T08:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html\"},\"wordCount\":711,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/personal-banking-vs-business-banking-2.jpg\",\"articleSection\":[\"Finance Explained\"],\"inLanguage\":\"en-MY\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html\",\"url\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html\",\"name\":\"Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/personal-banking-vs-business-banking-2.jpg\",\"datePublished\":\"2021-06-07T12:00:00+00:00\",\"dateModified\":\"2026-03-26T08:00:39+00:00\",\"description\":\"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#breadcrumb\"},\"inLanguage\":\"en-MY\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-MY\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#primaryimage\",\"url\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/personal-banking-vs-business-banking-2.jpg\",\"contentUrl\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/personal-banking-vs-business-banking-2.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\\\/personal-banking-vs-business-banking.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Explained\",\"item\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/finance-explained\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Personal Banking vs Business Banking: Do I Need Separate Accounts?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/\",\"name\":\"CompareHero\",\"description\":\"Providing the best tips and tricks about Malaysia\u2019s financial\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-MY\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#organization\",\"name\":\"Jirnexu Sdn Bhd\",\"url\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-MY\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/comparehero_logo.png\",\"contentUrl\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/comparehero_logo.png\",\"width\":1889,\"height\":338,\"caption\":\"Jirnexu Sdn Bhd\"},\"image\":{\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/CompareHero.my\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.comparehero.my\\\/blog\\\/#\\\/schema\\\/person\\\/77b02f49f8e76551ac6a7f3d7eb59611\",\"name\":\"CompareHero\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero","description":"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html","og_locale":"en_US","og_type":"article","og_title":"Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero","og_description":"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who","og_url":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html","og_site_name":"CompareHero","article_publisher":"https:\/\/www.facebook.com\/CompareHero.my\/","article_published_time":"2021-06-07T12:00:00+00:00","article_modified_time":"2026-03-26T08:00:39+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg?fit=1200%2C628&ssl=1","type":"image\/jpeg"}],"author":"CompareHero","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CompareHero","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#article","isPartOf":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html"},"author":{"name":"CompareHero","@id":"https:\/\/www.comparehero.my\/blog\/#\/schema\/person\/77b02f49f8e76551ac6a7f3d7eb59611"},"headline":"Personal Banking vs Business Banking: Do I Need Separate Accounts?","datePublished":"2021-06-07T12:00:00+00:00","dateModified":"2026-03-26T08:00:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html"},"wordCount":711,"commentCount":0,"publisher":{"@id":"https:\/\/www.comparehero.my\/blog\/#organization"},"image":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#primaryimage"},"thumbnailUrl":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg","articleSection":["Finance Explained"],"inLanguage":"en-MY","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html","url":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html","name":"Personal Banking vs Business Banking: Do I Need Separate Accounts? - CompareHero","isPartOf":{"@id":"https:\/\/www.comparehero.my\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#primaryimage"},"image":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#primaryimage"},"thumbnailUrl":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg","datePublished":"2021-06-07T12:00:00+00:00","dateModified":"2026-03-26T08:00:39+00:00","description":"Not all types of businesses may necessarily warrant a business bank account\u2014maybe you are just a freelance writer or a freelance graphic designer who","breadcrumb":{"@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#breadcrumb"},"inLanguage":"en-MY","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html"]}]},{"@type":"ImageObject","inLanguage":"en-MY","@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#primaryimage","url":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg","contentUrl":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/www.comparehero.my\/blog\/finance-explained\/personal-banking-vs-business-banking.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.comparehero.my\/blog\/"},{"@type":"ListItem","position":2,"name":"Finance Explained","item":"https:\/\/www.comparehero.my\/blog\/finance-explained"},{"@type":"ListItem","position":3,"name":"Personal Banking vs Business Banking: Do I Need Separate Accounts?"}]},{"@type":"WebSite","@id":"https:\/\/www.comparehero.my\/blog\/#website","url":"https:\/\/www.comparehero.my\/blog\/","name":"CompareHero","description":"Providing the best tips and tricks about Malaysia\u2019s financial","publisher":{"@id":"https:\/\/www.comparehero.my\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.comparehero.my\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-MY"},{"@type":"Organization","@id":"https:\/\/www.comparehero.my\/blog\/#organization","name":"Jirnexu Sdn Bhd","url":"https:\/\/www.comparehero.my\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-MY","@id":"https:\/\/www.comparehero.my\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/comparehero_logo.png","contentUrl":"https:\/\/www.comparehero.my\/blog\/wp-content\/uploads\/2026\/02\/comparehero_logo.png","width":1889,"height":338,"caption":"Jirnexu Sdn Bhd"},"image":{"@id":"https:\/\/www.comparehero.my\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/CompareHero.my\/"]},{"@type":"Person","@id":"https:\/\/www.comparehero.my\/blog\/#\/schema\/person\/77b02f49f8e76551ac6a7f3d7eb59611","name":"CompareHero"}]}},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbC5we-4Ne","jetpack-related-posts":[{"id":18468,"url":"https:\/\/www.comparehero.my\/blog\/bank-news\/aready-set-grow-start-your-business-right-with-a-maybank-business-account.html","url_meta":{"origin":18428,"position":0},"title":"Ready, Set, Grow: Start Your Business Right With A Maybank Business Account","author":"CompareHero","date":"30 May 2023","format":false,"excerpt":"A crucial decision you need to make as a new business owner is choosing the right banking partner that can complement your business aside from holding and protecting your money. This is exactly what a Maybank Business Account has to offer.By choosing to be part of Maybank's Business Account ecosystem,\u2026","rel":"","context":"In &quot;Bank News&quot;","block_context":{"text":"Bank News","link":"https:\/\/www.comparehero.my\/blog\/bank-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/maybank_fi-1.png?fit=1200%2C629&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/maybank_fi-1.png?fit=1200%2C629&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/maybank_fi-1.png?fit=1200%2C629&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/maybank_fi-1.png?fit=1200%2C629&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/maybank_fi-1.png?fit=1200%2C629&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17629,"url":"https:\/\/www.comparehero.my\/blog\/sme\/business-bank-account.html","url_meta":{"origin":18428,"position":1},"title":"4 Reasons Why Your Business Should Have a Business Bank Account","author":"CompareHero","date":"7 June 2021","format":false,"excerpt":"If you are a business owner, you may or may not already have a business bank account. But is it necessary to get a bank account for your business? Here\u2019s our analysis on why it may be a good idea to get a business bank account. When you\u2019re a budding\u2026","rel":"","context":"In &quot;SME&quot;","block_context":{"text":"SME","link":"https:\/\/www.comparehero.my\/blog\/sme"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/why-should-your-business-open-business-bank-account.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/why-should-your-business-open-business-bank-account.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/why-should-your-business-open-business-bank-account.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/why-should-your-business-open-business-bank-account.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/why-should-your-business-open-business-bank-account.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17994,"url":"https:\/\/www.comparehero.my\/blog\/properties\/cimb-biz-current-account-bizchannel.html","url_meta":{"origin":18428,"position":2},"title":"CIMB Business Current Account-i\u2014A Complete Banking Account For Malaysian Businesses","author":"CompareHero","date":"16 November 2021","format":false,"excerpt":"Ever come across different types of bank accounts\u2014savings, current, fixed deposit, etc.\u2014and wondered what they\u2019re for? There are actually 4 main types of banking accounts in Malaysia, and each serves a very different purpose. You can read all about these accounts below. Related: You Can Have 4 Types of Bank\u2026","rel":"","context":"In &quot;Properties&quot;","block_context":{"text":"Properties","link":"https:\/\/www.comparehero.my\/blog\/properties"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cimb-biz-current-account-bizchannel-featured-image-scaled-1.jpg?fit=1200%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cimb-biz-current-account-bizchannel-featured-image-scaled-1.jpg?fit=1200%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cimb-biz-current-account-bizchannel-featured-image-scaled-1.jpg?fit=1200%2C797&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cimb-biz-current-account-bizchannel-featured-image-scaled-1.jpg?fit=1200%2C797&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/cimb-biz-current-account-bizchannel-featured-image-scaled-1.jpg?fit=1200%2C797&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17513,"url":"https:\/\/www.comparehero.my\/blog\/finance-explained\/credit-accessibility-impact-financial-inclusivity.html","url_meta":{"origin":18428,"position":3},"title":"#CHInsights &#8211; How Does Credit Accessibility Impact Financial Inclusivity?","author":"CompareHero","date":"13 January 2021","format":false,"excerpt":"Greater financial inclusivity would open more opportunities for people to build savings, make investments and have access to credit. In this episode of #CHInsights, we take a deeper look at how credit accessibility affects the state of financial inclusivity in a county.\u00a0 [toc] In a world still ravaged by income\u2026","rel":"","context":"In &quot;Finance Explained&quot;","block_context":{"text":"Finance Explained","link":"https:\/\/www.comparehero.my\/blog\/finance-explained"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/credit-accessibility-impact-financial-inclusivity.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/credit-accessibility-impact-financial-inclusivity.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/credit-accessibility-impact-financial-inclusivity.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/credit-accessibility-impact-financial-inclusivity.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/credit-accessibility-impact-financial-inclusivity.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":18041,"url":"https:\/\/www.comparehero.my\/blog\/economy-markets\/digital-bank-malaysia.html","url_meta":{"origin":18428,"position":4},"title":"Digital Banks Are On the Rise In Malaysia &#8211; What Does This Mean for You? Experts Weigh In","author":"CompareHero","date":"26 August 2020","format":false,"excerpt":"Due to the impact of COVID-19, digital banking is expected to rise and transform the financial service industry in Malaysia. This requires digital banks to comply with the digital banking framework issued by Bank Negara Malaysia (BNM). But what is digital banking, how does it work and are businesses and\u2026","rel":"","context":"In &quot;Economy &amp; Markets&quot;","block_context":{"text":"Economy &amp; Markets","link":"https:\/\/www.comparehero.my\/blog\/economy-markets"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/digital-bank-malaysia.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/digital-bank-malaysia.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/digital-bank-malaysia.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/digital-bank-malaysia.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/digital-bank-malaysia.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":17921,"url":"https:\/\/www.comparehero.my\/blog\/loans\/self-employed-personal-loans-malaysia.html","url_meta":{"origin":18428,"position":5},"title":"Best Personal Loans For Self-Employed Malaysians","author":"CompareHero","date":"23 June 2021","format":false,"excerpt":"Updated 3rd November 2019 Whether you are a freelancer, running your own business or a work-at-home housewife, you are considered as self-employed. In Malaysia, it may not be easy for you to apply for a loan or a credit card. However, it does not mean that it is impossible. You\u2026","rel":"","context":"In &quot;Loans&quot;","block_context":{"text":"Loans","link":"https:\/\/www.comparehero.my\/blog\/loans"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/self-entrepreneur.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/self-entrepreneur.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/self-entrepreneur.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/self-entrepreneur.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/self-entrepreneur.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/rpstagingdot.wpcomstaging.com\/wp-content\/uploads\/2026\/02\/personal-banking-vs-business-banking-2.jpg?fit=1200%2C628&ssl=1","_links":{"self":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/18428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/users\/268230141"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/comments?post=18428"}],"version-history":[{"count":1,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/18428\/revisions"}],"predecessor-version":[{"id":57230,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/posts\/18428\/revisions\/57230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media\/1829"}],"wp:attachment":[{"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/media?parent=18428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/categories?post=18428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comparehero.my\/blog\/wp-json\/wp\/v2\/tags?post=18428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}