Which bank for self-employed – Apply for a loan
Freelancers and freelancers: Free checking account or “real” business account? Especially in the start-up phase, many self-employed people still use their private current accounts for business payments. This is not welcomed by many banks, but mostly tolerated. The current account for self-employed is one of the mandatory requirements for the settlement and settlement of all transactions. It is the bank for entrepreneurs and self-employed, where the customer relationship goes beyond the execution of simple, anonymous financial transactions.
Corporate and business customer comparison
The company network, the Niju, the company Fuhu or the bank Niju offers a free account with online account management without a monthly fee. The overnight money for corporate customers is at the end. General information on the annual financial statements can be found in the reconciliation. What is a business or corporate account? Company accounts are investment and payment processing accounts used by companies, professionals or self-employed persons for day-to-day transactions or for the purpose of investing funds that are not allocated to private assets.
These include corporate accounts such as the current account, daily deposits for corporate customers or time deposits for commercial use and other companies. Below you will find only details of the operating accounts for the day-to-day payment process, ie the checking accounts. Note: You can set up a free business account as a self-employed or self-employed with low income at virtually any bank, if you set it up in your own name and for your own account.
However, if the turnover is too high, the bank can demand an exchange! A legal compulsion to account management exists only for limited liability companies such. B. GmbH and AG. For all other types of companies and self-employed the obligation to keep accounts is eliminated. So z. B. freelancers or small businesses create a second private account as a working account.
The establishment of a business account is obvious at the beginning of the self-employment. The bank is also required to increase the clarity of an account for business purposes. A later change in the current account is linked to an increased cost. The chargebacks are costly and costly. Note: Perform a business account comparison as soon as possible and resolve private and commercial accounts.
If you are looking for a free business account, you will usually be discouraged. The booking of company accounts is usually not free. On average, I take 0.10 USD for online bookings (paperless bookings) and 1.50 USD for check deposit or check-out statements (paper-based bookings) from the information in my company account comparison.
Master or Visa credit cards are charged an average of 25.00 USD per year. For company accounts with the responsible banking associations, the purchase of cash is free. The interest on overdrafts and tolerated overdrafts is higher for corporate accounts than for private individuals. In principle, the credit institutions negotiate the amount of the interest with the corporate customer only after opening the account.
Tip: If you often need money, choose a business account bank with a large network of ATMs or free cash withdrawals by credit card. The opening of company accounts is only possible for companies, the self-employed and freelancers. Before you look for a suitable checking account, you should ask yourself the following question: Do I need a correct checking account for my type of business or is a second one sufficient?
How many paperless and paper-based applications do I need per year?
Are overdrafts a problem for me and do they play an important role? 4. A “free company account” is usually an account for business payments that does not charge a base price or pay for paperless reservations. In my business account comparison in the overview above, you can search the individual categories with a mouse click.
I recently received an e-mail from a company founder who wanted to know the prices for sharing with a Polish partner. For transfers to other EU countries, use your bank sort code for BICs as used by your partner. But if you need a company account without your own company or company, you have the wrong bank card for the classics.
For example, the operating account Niju (only self-employed and freelancers), the company wood, the company pension (also company) or the corporate customers. The latter holds a company account without creation under the name Nujutsi business account. I think a good way for self-employed with credit problems. The base price, document-related and paperless booking, the fees for checking and credit card as well as the planning interest are compared.
The link “to the offer” takes you to the bank’s website, where you can create a trade account and see more details in the price list. Many banks have a business or corporate account. Transfers or other account transactions to and from a company account are also hardly free.
Often, banks require surcharges for credit and debit cards or debit cards. In the business account comparison you can see the essential requirements and provisions of some business accounts in the opposite. With a free company account you can keep the fees low. Freelancers and small businesses often tolerate the use of a private account as a corporate account.
For this group of people a company comparison is basically not necessary. However, it is imperative that you agree on the use of your private account in advance with your bank. Niju, Niju, Holvi and Pension currently have a free business account. However, corporate accounts with no accounting fees for businesses are the exceptions. None of the major bank branches has a free corporate account.
There will always be a monthly base price, booking and account statement will be charged separately. Use my Business Account Comparison to find a suitable user account for your day-to-day business. Note the base price and the applicable booking and transfer costs. For some company accounts higher prices are charged.