Do I need a business account as a freelancer with a business certificate?

If you operate as a freelancer, generally you can accept payments through your personal account without needing a separate business account. However, regulations and requirements vary depending on the country you operate in. Therefore, it’s essential to check the specific regulations in your jurisdiction. You can also reach out to our Relationship Manager for tailored advice regarding your particular situation.

Applying for a DNBC business account necessitates certain legal entity documents that a freelancer might not possess. For instance, our business clients are often asked to provide documentation such as a Certificate of Incorporation/Registration, Memorandum and Articles of Association, and a Register of Director & Shareholder. Some European companies may also need to submit a Company Extract. Given these requirements, freelancers might find it challenging to provide the necessary paperwork for a business account.

Nevertheless, DNBC’s personal account remains an excellent option tailored for individual needs. With a personal account, you can easily execute online wire transfers, make online purchases , and manage your finances seamlessly through our payment platform and mobile payment system. Plus, opening a personal account involves minimal documentation – primarily identification and proof of address.