If you’re a sole trader looking to open an account with Altery, here’s everything you need to know.

Sole traders and business accounts

A sole trader is an individual who runs their own business as a self-employed person, taking full responsibility for its operations and liabilities. We understand your interest in managing your business finances with a dedicated Altery business account.

However, at the moment, Altery doesn’t support sole traders for our business account services.

Why don’t we support sole traders for business accounts?

Currently, our business account services are designed for registered companies. Sole traders often fall under personal account categories for compliance, regulatory and operational reasons. 

While we value sole traders and the amazing work they do, our system isn’t yet set up to provide business accounts for sole proprietorships.

What are your alternatives?

While we can’t offer a business account for sole traders, you can still open a personal Altery account, which might suit your needs. Our personal accounts include features that can support day-to-day transactions, such as:

• International payments: Send and receive money globally with ease.
• Multiple currency support: Hold and transact in various currencies.
• Secure transactions: Benefit from the same robust security measures as our business accounts.
• Spending money with an Altery card: Order payment cards for easier management of your transactions.

A personal account could be a practical option for managing your finances efficiently while we work on expanding our services to better support sole traders in the future.

Need help?

If you’re unsure about whether a personal account will work for you or if you have specific needs, don’t hesitate to reach out. Our friendly support team is here to help! Contact us at support@altery.com or via Telegram.

Thanks for considering Altery - we’re excited to support you however we can.