Two bank accounts for Ltd company. Any good?

[contractor58]

There is something to be said for having >1 account in >1 institution too - spreading the eggs among many baskets, esp if you are over the 36K (or whatever the threshold is that the govt protects), and esp if you have the money with a bank that has a lot of mortgage debt in either the british, spanish or US markets.

Just my 2c.

Does the government protect business bank accounts? I thought that only applied to personal accounts?

[Ruprect]

apparently it applies to small business bank accounts too, though it was only on this forum somewhere that I read it, so might not be the case. Still, principle of spreading eggs between baskets applies (even more so I guess if there's a chance of losing the lot)