Hey bunqers 🌈,
Opening a business account with us is quick and easy — you can do it in just 5 minutes! To make it as smooth as possible, there’s a bit of information about your Company which you should have on hand. Here’s what we’ll ask for:
We need to know a few key details about your company:
Your company’s activities
The purpose of the business account
Expected transaction volume per month
Who the UBO (ultimate beneficial owner) is
Company directors
Company website
💡Pro tip: if you provide us with your company website, we can speed up the verification process even more!
Additional documentation we might ask for
Depending on where your company is registered and its legal structure, we may also need some of the following documents:
Company Structure and Registration
Articles of Association (Statuten): Legally binding document drafted by a notary that defines your company's purpose, internal regulations, and governance structure.
Chamber of Commerce excerpt: An official document showing your company's current registration details.
Deed of Incorporation (Akte van Oprichting): The legal document that establishes your company.
Partnership agreement: The contract that outlines the terms of your business partnership, if you have one.
Organizational chart: A simple visual representation of your company’s structure, showing roles, responsibilities, and ownership.
Ownership & Management
Record of Shareholders (Aandeelhoudersregister): A list of all individuals or entities who own shares in the company.
Certificate of Beneficial Owners: Proof of the individuals who ultimately own or control the company. Please make sure this document includes all required signatures. We can only accept the original version issued by the Chamber of Commerce — no other formats will be accepted.
Written Confirmation of Ultimate Beneficial Owners: Our form for declaring the Ultimate Beneficial Owners.
IDs of your company directors/UBOs: A clear copy of the identification documents for the company directors and Ultimate Beneficial Owners.
Written consent for jointly authorized directors: A form showing all jointly authorized directors agree to the opening of a Business Account at the time of creation.
Director’s proof of residence: A document showing the current residential address of a company director.
Appointment decision naming the Verwalter: Where applicable, the appointment decision naming the chair of the Verwaltungsbeirat.
Verwaltervertrag: Where the Verwalter is acting as the authorised representative, a property management agreement confirming their authority to manage and operate a bank account on behalf of the association.
Minutes of the General Assembly appointing the Syndic: Legal proof of the appointment.
Contrat de syndic: A mandate defining powers and responsibilities.
Resolution: A resolution authorising the opening of the bank account
Managing agent agreement: Where a managing agent has been appointed, an appointment agreement of the managing agent/property manager.
Delegation/mandate confirming authority of the managing agent (if they operate the account): Where a managing agent is involved in account operation, a mandate confirming their authority.
Minutes confirming appointment of the President: Where applicable, the minutes confirming the appointment of the Administrator
Power of Attorney (if the administrator is a legal entity): Where an administrator is appointed, a legal document appointing the administrator as a legal entity.
Financial Information
Audited financial report: Your company’s latest financial statement, reviewed and verified by an independent auditor.
Tax return: A copy of your company’s most recent tax return.
Source of funds document: Proof of where your company's money comes from, like a loan agreement or savings account statement.
VAT declaration: Your latest VAT filing. If you don't have one, an official document confirming your VAT exemption works too.
Tax Identification Number (NIF): Your company's ID for tax purposes, through a Modelo 036 or 037
Specific Business & Agreement Documents
Taxi License (Taxi Card): A document confirming you are a registered taxi driver.
Proof of website domain ownership: To help us confirm your business website belongs to you. This can be a domain registration invoice, a payment receipt, or even a screenshot from your domain registrar showing your ownership details.
Proof of management agreement: A contract between a business owner and a manager or management company. We'll need the complete document with all pages and signatures, either as a PDF or a clear photo.
Letter of Intent: A letter confirming the plan to obtain shares in or manage a company. Please provide the full document with all signatures.
Current Grundbuch: Land register to confirm your company's ownership structure.
Teilungserklärung: A notarised deed defining the division of the property.
Règlement de copropriété: The bylaws of the building.
Proof of address of the building: A document confirming the address of the building.
Please provide us with clear pictures or a PDF version of the complete, original document. Screenshots are not accepted.
Why do we need to know this?
Long story short — it’s a legal requirement. Under the 4th EU Money Laundering Directive (4MLD), we're required to collect the name, date of birth, and ID of your company’s Ultimate Beneficial Owner (UBO).
For capital companies: A UBO is anyone with more than 25% ownership, whether direct or indirect, or who has control over the entity.
For foundations and associations: The UBO is someone who holds over 25% ownership, has voting rights for more than 25% when amending articles of association, or has control over the entity.
For partnerships: The UBO is a person who directly or indirectly holds more than 25% of ownership or voting rights, or who has control of the partnership.
At bunq, we define UBOs as individuals holding exactly 25% or more ownership in a company. That’s why we ask each person at this level to provide the necessary information.
To get your business account up and running, you may need to provide us with some documentation, which you’ll receive as a request directly in the bunq app.
Overview of the business account requirements per country
What about a VAT number?
A VAT number is NOT mandatory for opening a bunq business account but may be required in certain cases.
Where should I provide these documents?
You can provide all the needed documentation during your verification. If a document is requested additionally from our responsible department after you've finished your verification, you'll receive a pending event on your Profile tab - simply click on it and provide the info requested there. In case you experience issues providing the requested info through the in-app event, you can contact us through our Support Center and provide the needed documents there.