Creating a company: Opening a Business Bank Account

Opening a business bank account allows you to separate your business operations from those you carry out in your personal life.

In addition, a business account can give you access to certain rights and benefits exclusively reserved for professionals, including personalised support in managing your business account.

Opening a Business Bank Account is not required for an individual contractor at the time of the company's creation, because there is no deposit of share capital to be made.

It is required to have a bank account. Your personal account is enough.

On the other hand, if your annual turnover exceeds €10 000 during 2 consecutive years, you will have the obligation to create a dedicated account to your professional activity.

Dedicated account is not a business account, it is just an account separate of your personal account and which is dedicated to your activity.

It allows you to differentiate between your personal and business transactions.

You must provide your bank with the following:

• ID of
• If you are working in a business premises: proof of use of the premises (examples: commercial lease, proof of domicile at the director's address with proof of domicile)

If your bank refuses to open a bank account in your name, it must provide a certificate or a letter of refusal to open an account.

You will then have to get closer to the Banque de France to designate a banking institution that shall have to open a bank account.

Opening a business bank account allows you to separate your business operations from those you carry out in your personal life.

In addition, a business account can give you access to certain rights and benefits exclusively reserved for professionals, including personalised support in managing your business account.

Opening a business bank account is required for creating a business.

This step usually occurs just beforebusiness registration. Indeed, it is often the account on which you make the capital deposit which is a pre-registration process.

The following documents should be sent to the bank:

• Request to open a business bank account
• Leader ID
• Draft Statutes
• If the activity is carried out in a business premises, proof of use of the premises (example: commercial lease)

The bank will open provisional business account on behalf of the business and will provide certificate of fund blocking following the deposit of the share capital.

Once you have registered your business, you will need to provide a proof of registration for the funds to be released and the business account is definitively open.

If your bank refuses to open a bank account in your name, it must provide a certificate or a letter of refusal to open an account.

You will then have to get closer to the Banque de France to designate a banking institution that shall have to open a bank account.