Hey bunqers 🌈
Your safety and well-being are our priority. We have an acceptance policy in place to abide by legal regulations and follow some of our own risk standards as a company.
After you complete the sign-up process in 5 minutes, we'll quickly review your application. We assess each application individually to make sure every company is held to the same standard and fulfils all requirements.
bunq Free, bunq Core, bunq Pro and bunq Elite let you save time, so you can focus on what's truly important: your business. Wondering if you can sign up for a business account? Check out the requirements for opening an account below:
Note: bunq Pro Business users enjoy a 20% discount, and bunq Elite Business users receive a 50% discount on their Personal account plan, regardless of its type.
Who can open an account?
Here are the basic conditions you need to meet in order to open a bunq business account:
- You need to have a verified personal account with bunq.
- You as a director cannot be a minor.
- You need to run a legitimate business in Germany
- You need to be permanently residing in Germany
- Your business should operate under one of the legal forms currently accepted by bunq. Find the full list here.
- Your company’s corporate structure and activities should comply with bunq’s requirements. More details on this below.
- Your business entity cannot have more than one account with bunq.
- If your company has multiple trade names (under the same registration on the Chamber of Commerce) - you can effortlessly open a Bank Account with the different names like we explain here.
- If the various layers of your company are registered as separate legal entities with the Chamber of Commerce (Handelskammer), each one would need its own Business accounts.
Once we confirm the above-mentioned conditions are met, we need to determine whether your business entity is registered with the local Chamber of Commerce or, in specific situations, you are operating on a freelance basis. Depending on that, we require different documents in order to approve your account.
Please also keep in mind that as a bank, we are legally required to store all of our user’s personal information in a secure and protected way. If there is more than one director, we create personal accounts for each director of the business accounts. It allows us to keep your information and your company’s information safe while complying with regulations. Check out this topic for more information.
Legal forms and documents
In order to open a business account with bunq, you need to provide a legal form together with a few documents. We accept the following legal forms.
- Eingetragener Kaufmann
- Gesellschaft mit beschränkter Haftung
- UG (haftungsbeschränkt)
- Freiberufler
- Gewerbetreibender
- Gesellschaft Bürgerlichen Rechts
- Einzelunternehmen
Note: bunq Free is only available for the Eingetragener Kaufmann, Freiberufler, Gewerbetreibender, and Einzelunternehmen legal forms.
Based on the legal form of your business, we necessitate the following documentation:
- Eingetragener Kaufmann
- Einkommensteuererklärung / Gewerbeanmeldung
- Gesellschaft mit beschränkter Haftung
- Articles of Association
- Joint Authorisation if the company has more than one director
- Chamber of Commerce (CoC) excerpt
- Shareholders register
- IDs of all directors and Ultimate Beneficial Owners (UBOs)
- UG (haftungsbeschränkt)
- Articles of association
- Einkommensteuererklärung / Gewerbeanmeldung
- Joint Authorisation if the company has more than one director
- CoC excerpt
- Shareholders register
- IDs of all directors and UBOs
- Freiberufler
- Einkommensteuererklärung / Gewerbeanmeldung
- Gewerbetreibender
- Einkommensteuererklärung / Gewerbeanmeldung
- Gesellschaft Bürgerlichen Rechts
- Articles of associations
- Joint Authorisations
- IDs for all directors and UBOs
- Einzelunternehmen
- Einkommensteuererklärung / Gewerbeanmeldung
Please find more information on legal documents here.
Company structure
A corporate structure can consist of many layers, depending on its legal form and characteristics.
We cannot accept your company if your legal structure is too complex. We classify this as being outside of our acceptance policy if your company structure is 2+ layers. The second layer and can only consist 1+ people.
We can only accept a company if the second layer is registered in the same country as the first layer. The director opening the account must be in the same country where the company is registered, and any other directors or UBOs must reside in the European Economic Area (EEA).
All companies in the corporate structure have to be one of our accepted legal forms.
The following fall outside of our risk appetite and will not be accepted:
- Limited companies that are being founded (So called GmbH/UGs (i.G.).
Company activities
In accordance with our acceptance policy, we do not support all types of businesses and activities. You can find more information on activities and check whether your business activity meets the requirements here.
What IBAN will I get?
If you open an account in Germany with us, you will get a DE IBAN.
However, bunq also provides bunq Pro and bunq Elite users the option to open Local IBAN Bank Accounts, allowing you to obtain a French, Dutch, Irish, or Spanish one. Further information on how to open one can be found here.
How to open a new bunq Business account?
Opening a new business account is quick and easy! Just follow the steps below:
- Go to the Home tab
- Tap on + Add accounts
- Select Business Account and follow the flow!
Related topics
Want to learn more? Explore more bunq knowledge here ✨
