Business account
The laws in force in Poland require every business to have a bank account. It does not have to be a business account, although that is the best solution. Dedicated business accounts are intended specifically for business settlements. They offer dedicated features and many additional products useful to entrepreneurs.
Using a business account itself does not differ significantly from using a personal account. Mobile apps and online services look similar. Customers often simply choose a business account at “their” bank. This is hardly surprising: they do not then have to learn how to use the account’s features from scratch or even download an additional mobile app. However, better offers can often be found from competitors.
How to open a business account?
So let us consider how to open a business account. First of all, we need to find the best business account offer. The ranking available on https://finhack.pl/ranking-kont-firmowych/ may help with this. After finding an account that meets our expectations, the next step is to collect the documents required by the bank. For basic business accounts, a document confirming the owner’s identity is sufficient—for example, an identity card or passport. Sometimes the company’s registration documents, articles of association, or statutes may also be required. The bank will provide information about all the formalities.
At this point, we can proceed to fill out the application to create a business account. We can do this at a bank branch or electronically. Usually, the entire procedure does not take very long, and soon we can use all the account’s features.
People who are already customers of a given bank may benefit from a somewhat simplified procedure. In that case, the entire process is shorter because the bank already knows the business owner’s identity.
If you are only planning to set up a business, you need to open a business account beforehand. In that case, we first open a business account and then register the business. Later, we only need to add the company’s registration details to the bank account, such as its NIP number.
Where can I find the best business account?
To find the best business account, it is worth using a business account ranking. You can find the current comparison on finhack.pl. The information available there makes it possible to compare many business account offers within just a few moments.
This solution is much simpler and faster than browsing dozens of bank websites and the promotions available there. Entrepreneurs can therefore focus on their business without getting involved in checking “tables”.
On https://finhack.pl/ranking-kont-firmowych/, in addition to a list of recommended business accounts, we can also find basic information. We can immediately see the cost of maintaining the account, having a payment card, and making ATM withdrawals. After opening the offer details, we can read a more detailed review of the given bank.
A business account at the bank where I have my personal account—is that a good idea?
Some people do not spend any time looking for the most advantageous business account. They simply choose an account at the bank where they already have a personal or savings account. This may be a good solution because opening such an account is faster. Ultimately, the terms for maintaining a basic business account are similar across different banks anyway. There is also no need to learn how to use the banking app and online banking service all over again.
On the other hand, other banks may offer better terms for maintaining a business account. Some banks also have attractive promotions for new customers. We may be eligible for a bonus of even several thousand zlotys! Another advantage of having accounts at different banks is the deposit guarantee. It protects the account owner’s funds up to a value of EUR 100,000. The limit applies to one bank, so by holding accounts at different banks, you multiply it. This is a good way to effectively protect your money, for example against a bank’s insolvency.