Companies can't use personal accounts to collect money. According to the Law of People's Republic of China (PRC) Commercial Bank, no unit or individual may open an account in the name of an individual to store its own funds. The Measures for the Administration of RMB Unit Deposits stipulates that no unit or individual may convert public funds into savings deposits in the name of individuals. The State Council's "Regulations on Savings Management" stipulates that no unit or individual may convert public funds into savings deposits in the name of individuals.

Measures for the administration of RMB bank settlement accounts

Article 39

Personal bank settlement account is used for personal transfer, receipt and payment and cash deposit and withdrawal. The following funds can be transferred to the personal bank settlement account:

(1) Income from wages and bonuses.

(2) Income from labor services such as manuscript fees and performance fees.

(three) the principal and income of bonds, futures, trusts and other investments.

(4) Income from the transfer of personal creditor's rights or property rights.

(5) Personal loan transfer.

(6) Securities trading settlement funds and futures trading deposits.

(7) Inheritance and money donation.

(eight) insurance claims, premium refund and other funds.

(9) Tax refund.

(ten) sales revenue of agricultural and sideline products and mineral products.

(eleven) other legitimate funds.