Do I need a business account if I am a freelancer and work under a business certificate?

In general, if you are working as a freelancer, you can collect payment to your personal account without the need to open a business one. However, this may change according to the law and regulation of every country you are based on so we would review this on a case-by-case basis. Please contact our Relationship Manager for specific information regarding your circumstance and your country specifically.

Business account procedure requires our client to provide some legal entity documents that a freelancer is unable to submit. For example when a business client applies for a DNBC Financial Group business checking account, they are advised to submit some documents like Certificate of Incorporation/ Registration, Memorandum and Articles of Association, Register of Director & Shareholder, Company Extract ( for European companies only); and a freelancer cannot provide these papers to apply for DNBC business account.