Open your business bank account

What is this?

A corporate account used for capital, receipts, payroll and tax payments.

Why do you need it?

• Receiving capital and revenue
• Paying salaries and taxes
• Audit trail

How to do it

1. 01Gather company registration documents and identification.
2. 02Prepare tax information and beneficial ownership details.
3. 03Compare account fees, foreign currency handling and online banking.
4. 04Submit the application and complete verification.
5. 05Set signatories and payment approvals.

What to look for

• Company registration certificate
• Identification of directors and signatories
• Tax information
• Beneficial ownership information
• Foreign currency accounts if you import or export
• Monthly fees and transfer charges