To open a bunq business account, you'll need your tax ID, business details (such as company name, legal form, and registration number), a smartphone with the bunq app, and a European business address. The entire process is fully digital and takes under 5 minutes, so you can get started right away.

For new users, here’s how to get started:

1. Download the bunq app

2. Click on Try for free

3. Choose your interests for a Personal account, then scroll down to select the features for a Business account as well

4. Add your personal information

5. Add your business information

6. Identify yourself

7. Complete your Business account signup by providing the additional requested business information via the app

8. Our KYC team will review your application and let you know if we need more information about your company. We’ll keep you updated!

The moment you’ve applied for your bunq Business account, we’ll get to work in order to verify it for you.

Opening a Business Account with us is quick and easy, but there’s a bit of information we’ll need to make it happen in just 5 minutes. Here’s what we’ll ask for:

We need to know a few key details about your company:

• Your company’s activities

• The purpose of the business account

• Expected transaction volume per month

• Who the UBO (ultimate beneficial owner) is

• Company co-founders (if applicable)

• Company directors

• Company website

Pro tip: If you provide us with your company website, we can speed up the verification process even more!

Depending on where your company is registered and its legal structure, we may also need some of the following documents:

• Articles of Association (Statuten)

• Chamber of Commerce excerpt

• Deed of Incorporation

• Written consent for jointly authorized directors or co-founders

• IDs of your founders, company directors/UBOs

• Shareholders registry

• Partnership agreement

• Certificate of Beneficial Owners

• Organizational chart

• Audited financial report

• Tax return

• Source of income document

• VAT declaration

• Director’s proof of residence

Why do we need to know this?

Long story short .. it’s a legal requirement. Under the 4th EU Money Laundering Directive (4MLD), we're required to collect the name, date of birth, and ID of your company’s Ultimate Beneficial Owner (UBO).

For capital companies: A UBO is anyone with more than 25% ownership, whether direct or indirect, or who has control over the entity.

For foundations and associations: The UBO is someone who holds over 25% ownership, has voting rights for more than 25% when amending articles of association, or has control over the entity.

For partnerships: The UBO is a person who directly or indirectly holds more than 25% of ownership or voting rights, or who has control of the partnership.

At bunq, we define UBOs as individuals holding exactly 25% or more ownership in a company. That’s why we ask each person at this level to provide the necessary information.

To get your business account up and running, you may need to provide us with some documentation, which you’ll receive as a request directly in the bunq app.

You can provide all the needed documentation during your verification. If a document is requested additionally from our responsible department after you've finished your verification, you'll receive a pending event on your Profile - simply click on it and provide the info requested there. In case you experience issues providing the requested info through the in-app event, you can contact us through our Support Center and provide the needed documents there.

We accept the following legal forms:

• Eenmanszaak

• Besloten Vennootschap

• Stichting

• Vennootschap onder firma

• Maatschap

• Vereniging / Vereniging van eigenaars

You can add up to 3 co-founders or company directors when you have the bunq Core, Pro or Elite subscription. Account Co-founders have complete access to the company accounts and can add or remove other Account Co-founders directly within the app.

Yes! With bunq, you can open and manage both a Holding BV and an Operating BV, all under one personal account setup. Each BV will have its own separate business account, but you can easily switch between them and manage everything in one place