How to open a professional bank account?

Published on : 28 June 20213 min reading time

Before opening a business bank account, you need to choose your service provider well. You can do it online or in a branch. On the Internet, you will not be obliged to move to open your business account. If you want to have a direct contact with a manager, it is better to turn to a branch.

All the steps to follow to open a business bank account

To open a business bank account, you need to highlight the steps to follow. It is above all a way to separate your professional and personal assets. Opening a business bank account depends on your status. Moreover, you must follow certain formalities in order to guarantee the desired result. It is fundamental to provide the bank with all the documents related to the company. If you are a sole trader, you need to submit a document proving your registration with the RCS (Registre du Commerce et de Sociétés/ the Commercial and Companies Registry). If you are operating as a company, it is imperative to bring all the documents related to the company’s statutes. Before opening a business account, it is recommended to be selective in the choice of the banking institution.

Opening a business bank account according to your status

Currently, you will have the opportunity to open a business bank account online. It is strongly advised to be selective in choosing your online bank. You can consult customer reviews in order to understand the quality of the service. The creation of a company obliges the managers to open a professional account. It can be a SARL (Limited Liability Company), a SAS (A Simplified Joint-Stock Company), a SASU (Simplified Single Shareholder Company) or others. To carry out your activity, you must open an account in order to obtain a certificate of deposit of funds. This document will allow you to obtain the registration of your company.

What are the supporting documents required to open a business bank account?

To open a business bank account, you must present your identity document (National ID or passport). If you are in the process of creating a company, you must provide a draft of the statutes. In some cases, it may be necessary to occupy premises. You must provide proof of use of the business premises. Online, you will have the opportunity to open a business account for a short period of time. Indeed, the steps are quite simplified and they do save both your time and money.

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