How to open a bunq Business account?

bunq

Hey bunqers 🌈

At bunq it’s very easy to open a Business account. Simply follow the 3 steps below:

Step 1: Open and verify your bunq Personal account first

As a bank, we're legally required to store all of our users’ personal information in a secure way. Creating Personal accounts for the directors of the Business accounts allows us to keep your and your company’s information safe while complying with this regulation. More info can be found here.

If you still don’t have a Personal account - we’ve made it super easy to sign up for a Personal account that helps you to identify yourself. Simply open and verify an account in 5-minutes by following these steps.

Then you simply follow these steps in the bunq app to open your Business account:

Go to the 🏠 Home tab
Tap on 🟣 Add
Tap on 🟢 Add Bank Account
Tap on 🔵 Add Business account
Follow the registration process! ✨

One step done! Two more to go:

Step 2: Open and verify your bunq Business account

Once your bunq Personal account is verified, up and running, you can open your bunq Business account in just a few taps as explained above. To help you through the process, we recommend you keep the following documentation and info at hand:

Registration number of the Chamber of Commerce
Names and ID-documents of the other directors/board members
Names, and in some cases the ID-documents, of the business' Ultimate Beneficial Owners (UBOs). These names should’ve been previously provided to the Chamber of Commerce as well.
Information about the activities of your business and how you expect to use your bunq Business account
Other info such as the Deed of Incorporation or Articles of Association, depending on the legal form of the company and on the country of registration

Step 3: Sit back and relax

The moment you’ve applied for your bunq Business account, we’ll get to work in order to verify it for you. This will likely take less than 5 minutes. In some cases however we’ll require additional information or documentation about your business. Should this happen, we’ll contact you personally in the app. To keep our communication with you safe and secure we’ll never approach you by e-mail or by phone.

Some useful tips

If you need a personal account just so you can create a business account with us and don't want to pay double fees, rest assured we've thought of you: you can open an Easy Savings personal account for exactly this purpose 💪
For the safety of you, your money and that of the banking system, bunq maintains strict acceptance criteria for companies opening a bunq Business account. You can read all about them here and use this information to get your Business account up and running even faster!

How can I verify through bunq Web?

If you're not a bunqer yet and you want to open your first Business account through bunq Web, here's what you have to do:

Open https://web.bunq.com/
Click on 🚀 "Don't have an account yet? Join the bank of The Free"
Fill in your personal details, set your security code and check our Terms & Conditions
You've just created an account, cool! Now it's time to verify.
Click on the 🟧 bunq Demo pop-up message on the top of your Home page
Follow the verification steps on the screen and provide all the needed info
Done!

Keep in mind that you'll be given with the option to switch to your mobile device before you start the video verification part of the flow. If you switch to your mobile device, the rest of the verification will be completed through the app 📱