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 the Netherlands.
- You need to be permanently residing in the Netherlands.
- 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.
- The various layers of your company should be registered as separate active legal entities with the Chamber of Commerce (Kamer van koophandel).
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.
- Eenmanszaak
- Besloten Vennootschap
- Stichting
- Vennootschap onder firma
- Maatschap
- Vereniging / Vereniging van eigenaars
Note 1: bunq Free is only available for the Eenmanzaak legal form.
Note 2: In some cases we might require a Certificate of Beneficial owner or other document confirming the company's UBOs for every legal form listed above, apart from Eenmanszaak.
For each legal form, we require the following documents.
- Eenmanszaak
- Besloten Vennootschap
- Deed of Incorporation (DOI)
- Joint authorisation (if the directors are jointly authorised)
- IDs of all directors and UBOs (only in some cases)
- Record of shareholders (only in some cases)
- Stichting
- Deed of Incorporation (DOI)
- Joint authorisation (if the directors are jointly authorised)
- IDs of all directors and UBOs (only in some cases)
- UBO form using our template (only in some cases)
- Vennootschap onder firma
- Joint authorisation (if the directors are jointly authorised)
- IDs of all directors and UBOs (only in some cases)
- UBO form using our template (only in some cases)
- Maatschap
- Joint authorisation (if the directors are jointly authorised)
- IDs of all directors and UBOs (only in some cases)
- UBO form using our template (only in some cases)
- Vereniging / Vereniging van eigenaars
- Joint authorisation (if the directors are jointly authorised)
- IDs of all directors and UBOs (only in some cases)
- UBO form using our template (only in some cases)
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 3+ layers. As per our acceptance policy, we should consider the following acceptance criteria:
- a company has a maximum 1 ‘layer’ in ownership and control structure between the user company (‘signing-up company’) and UBO, and all layers in NL.
- a company is directly controlled by the UBO, and all layers in the same EEA country.
- a company has a “straight-line” 4-layer structure and with all layers in NL.The second layer can consist of 1+ companies or people, but the 3rd layer can only consist of people.
- 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:
- Foundations (Stichtingen) not managed by a natural person.
- Any legal entity managed by a Stichting.
- Companies with shares owned by companies without shares.
- STAKs (Stichting Administratiekantoor) or companies with a STAK in their ownership structure.
- Companies whose second layer includes one or more companies which are not a Besloten Vennootschap (or a foreign equivalent)
- Stichting Derdengelden
Further information can be found 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 the Netherlands with us, you will get a NL 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, and Spanish one. Further information on how to open one can be found here.
How can I open a new bunq Business account?
You can check here 🙌
Related topics
Want to learn more? Explore more bunq knowledge here ✨
