Have you noticed some crypto exchanges in the UK now create bank accounts in your name to deposit funds to.
SwissBorg and CoinCorner both do this.
A bank can’t see anything suspicious in transferring funds to yourself.
Discussion
Where there is a will, there is a way.
What if an account in your name eventually gets abused. Let's say with a 10,000 GBP loan? You're liable. Also, how can they open accounts in your name without your consent? This recently happened in the USA. Banks created credit cards with customer names without their knowledge or consent.
Not a fan.
It’s a sub account same as solicitors use when receiving monies for property purchases.
It is sometimes called a client account.
It has no functionality, nor does it exist in its own right.