Business: opening a business bank account

Opening a professional bank account allows you to to separate commercial operations from those carried out in the personal life of the Head of company .

In addition, a business account can provide access to certain rights and benefits exclusively reserved for professionals, in particular a personalized accompaniment in managing the business account.

A business bank account must be opened to create a business.

This step generally occurs just before theregistration of the business. This is often the account on which the deposit of share capital is done. This is a pre-registration process.

The following documents must be sent to the bank:

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

The bank then opens a provisional business account on behalf of the business and provides a certificate of freezing of funds following the deposit of the share capital.

Once the registration of the business has been completed, a proof of registration so that the funds are released and the business account or permanently opened.

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

It is then necessary to approach the Banque de France in order for it to designate a banking institution which shall be required to to open a bank account for business.