Who can open a bunq Business account in Spain 🇪🇸

Andra (trainee) ??????-Champagne-Dragon

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 Spain
You need to be permanently residing in Spain
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 (Cámara de Comercio), 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.

Empresario Autónomo
Sociedad Limitada

Note: bunq Free is only available for the Empresario Autónomo legal form.

For each legal form, we require the following documents.

Empresario Autónomo - Form 036 or 037 from the Census of entrepreneurs is required upon signup. You should provide us with one of the two forms.
Chamber of Commerce (CoC) excerpt
Sociedad Limitada - you should provide us with Certificate of Beneficial Owner (the name should be similar to "ACTA DE IDENTIFICACIÓN DE TITULAR REAL") and the Deed of Incorporation upon signup.
Deed of Incorporation (DOI)
Joint Authorisation if the company has more than one director
CoC excerpt
IDs of all directors and Ultimate Beneficial Owners (UBOs)
Empresario Autónomo

Please find more information on legal documents here.

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 Spain with us, you will get an ES IBAN.

However, bunq also provides bunq Pro and bunq Elite users the option to open Local IBAN Bank Accounts, allowing you to obtain a German, French, Irish, or Dutch 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!