Hey bunqers 🌈,

When opening your Business account, we may ask you to provide a Joint Authorization Form in order to proceed with approval.

We request this for several reasons:

• Company structure requirements: According to information from the Chamber of Commerce, your company’s structure requires that all directors agree on major company decisions. This includes opening and operating a business bank account.

• Director awareness & transparency: It is essential that all jointly authorized directors are informed of the existence of this bank account, as it will be operating under the name of the company. This helps ensure full awareness and consent among all parties involved.

You can access a template for the joint authorization here.

Do I really need to fill out this form even if I’m the only director or owner?

No, we won’t be requesting a joint authorization form from you if you’re the only director.

Who needs to sign the joint authorization form?

All directors who are jointly authorized within the company are required to sign the joint authorization form.

What exactly am I authorizing?

You're authorizing:

• The opening of the account
• Specific people to access, operate, and manage your bunq Business account

How often do I need to update this authorization?

Only when:

• You change directors or signatories
• You restructure the business
• We personally request as part of our periodic reviews

Related topics

• What are the accepted company structures for a bunq Business account?
• Why do you need a Personal account with your Business account?
• What are the accepted legal forms to open a bunq Business account?

Want to learn more? Explore more bunq knowledge here ✨