Did I mention that having a separate business bank account also has advantages? Tax advantages that is. It makes it much easier come tax time to file your business income and expenses if your personal and business finances are separated into the two different accounts.
It is never to late to develop good business habits, especially when it comes to finances. Begin now and if the IRS audits you, you will have proof of a business banking account showing that you are conducting a business and not a hobby.
Putting proof of a business and tax advantages aside, using a business account also adds credibility to your business. As an artist, wouldn't you like to have an air of professionalism? For example, handing someone you are doing business with a professional check from your business account shows that you are professional, confident and can be taken seriously.
Have a business banking story you would like to share? Would love to hear it.