Personal bank accounts are for your money and expenses as a consumer. Business or commercial accounts are specially designed for companies. Business accounts have: (a) Protections, rules, and auditing that keep company money separate  (b) Features for business transactions that individuals don't need (c) Reporting tools to track company finances It's essential to keep your business and personal money completely separate. Business accounts keep company finances organized and protected. The main difference is that commercial accounts give helpful business-focused features and protections. Personal accounts are for your consumer expenses as an individual.