As can be seen below, conditions for business accounts vary quite a bit. This overview will be completed further.
KNAB
Costs per month sole proprietorship: €7,-
Cost per month limited liability company: €9
Free transactions: 500 per year
Bunq
Cost per month from: €7.99
ING
Cost per month from: €9.90
Transaction: €0.13 each both additions and withdrawals
Tips:
If you are a sole proprietor, there is no legal requirement to azerbaijan mobile numbers list have a business bank account. However, banks' terms and conditions usually state that you cannot use a private account for business purposes. If you use a private account for your business, then the bank may force you to take out a business account but as long as they don't, it may be interesting to use your private account.
Accounting software can be linked directly to a business bank account. Look carefully to see if your bank can link to your accounting software and what the additional costs are.
With a business account, you can usually apply for a business credit card. It is usually more interesting to take a credit card from a separate party such as American Express.
Good luck with your business venture and managing your finances!
Banks with terms and conditions business account
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