A Business Account is a dedicated bank account for your company finances, separate from your personal money. It keeps income, expenses, and tax obligations organized in one place, so you always know where your business stands and you are ready when tax season arrives.

What is a Business Account?

A Business Account works like a regular bank account, but it is designed for commercial use. You use it to receive client payments, pay suppliers, cover operating costs, and manage payroll. Keeping business money separate from personal spending is not just good practice. In many countries, it is a legal requirement for registered companies and strongly recommended for sole proprietors and freelancers.

With a dedicated account, your transaction history reflects your business activity clearly. That makes bookkeeping faster, simplifies invoicing, and gives you a reliable picture of cash flow month to month.

Why a separate account matters

Mixing personal and business transactions creates confusion at tax time and makes it harder to spot whether your business is actually profitable. A Business Account solves that by giving every payment a clear context.

• Cleaner records. Every incoming payment and outgoing expense is tied to your business, not buried among personal groceries or subscriptions.

• Easier tax filing. When business expenses live in one account, you spend less time sorting receipts and more time running your company.

• Professional payments. Clients and partners pay into a business IBAN, which builds trust and keeps your personal account private.

• Better budgeting. You see exactly what comes in and goes out, which makes it easier to plan for slow months or upcoming investments.

Business Accounts at bunq

With a bunq Business Account, you open an account in minutes from your phone. You get a dedicated IBAN for receiving payments, tools like AutoVAT to help set aside sales tax automatically, and integrations that connect your account to the apps you already use for accounting and workflow.

Whether you are a freelancer, a sole proprietor, or running a larger company, a Business Account gives you the structure to manage money with confidence. Pair it with Spending Insights on your personal side to keep both parts of your financial life organized.

Common questions

Do I need a Business Account if I am self-employed?

If you are registered as a business, even as a sole proprietor, a separate account is strongly recommended and often required. It keeps your records clean and makes it straightforward to report income and deduct eligible expenses.

Can I use my personal account for occasional freelance work?

For very occasional side income, some people start with a personal account. As soon as freelancing becomes regular, a Business Account saves time and reduces the risk of mixing transactions you cannot easily untangle later.