1. Companies are not allowed to sign contracts and transfer money to private accounts. The company shall transfer the money into the company account according to the requirements of the contract signed by the company.
2. The act of signing a contract in the name of the company and transferring the project payment to a personal account violates the bank's payment and settlement methods. So it can't be done, and it has no legal effect. Entering a legal person account also has no legal effect.
Legal basis:
Payment and settlement method
Article 67 The funds in this account can only be transferred to the deposit account of the unit or individual industrial and commercial households, and it is strictly prohibited to transfer them to savings and credit card accounts.
Article 235 If a unit or individual violates the provisions of these Measures and the bank stops using relevant payment and settlement instruments, the consequences shall be borne by the unit or individual.