Keep client payments separate from your rent and groceries from day one. You always know what you earn, what you owe, and what's actually yours, without digging through months of transactions at tax time.

What is a business account?

A business account is a bank account for your company or your self-employed work, kept separate from your personal finances.

Invoices, expenses, and taxes all run through one account, giving you a clear view of your business finances. Freelancers, sole traders, small business owners, and companies like a GmbH or UG can all open one.

Business account vs. personal account: what's the difference?

A personal account is for your everyday spending and saving. Here's how it compares:

Do you need a business account as a small business owner?

A separate business account makes your bookkeeping clearer and your income and expenses easier to report,. Whether you need one depends on your legal structure. A GmbH or UG needs its own account, but as a sole trader or freelancer, you're free to choose.

Check our Business Account use cases to find the right setup for your business.

Because the rules vary by legal structure, this article isn't a substitute for individual tax or legal advice. When in doubt, check with your tax advisor.

Is a business account more expensive than a personal account?

The cost depends on the plan you choose.

As your business grows, compare bunq's Business Plans to see which plan fits your business needs:

• bunq Core Business gives your team access to the account

• bunq Pro Business adds more accounts and cards to organize your income

• bunq Elite Business covers international business banking

Pick a plan for where you are today. Upgrade in the app the moment you need more.

Frequently asked questions

Why do you need a business account?

A business account keeps your bookkeeping simple and saves you time during tax season because every business payment stays in one place. With bunq's multiple IBANs and a real-time view of spending, managing your team is easier too.

How do I open a Business Account with bunq?

Download the bunq app, choose to open a business account, add your business and personal details, and complete identity verification. If we need more information, our verification team will contact you.

What do I need to open a Business Account with bunq?

Be an authorized representative of your business and a resident of Germany, where your business is registered. Meet those two, and you can open your account in the app.

Start with the right account

A dedicated Business Account keeps your bookkeeping in order and your business finances clear. Open one today, and you're ready to invoice and track your spending in the bunq app.

bunq B.V. is licensed by De Nederlandsche Bank (DNB).