Can a bank account be used by two businesses which under different ABNs and Names?

 Author: Taxduck(Taxicorn)Taxicorn

21 May 2024

If the business structures are sole traders then there is no requirement to have a separate bank account for each business.

https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/record-keeping-for-business/detailed-business-record-keeping-requirements/running-your-business-records/banking-records