A bank account dedicated to the professional activity, that is to say assigned to the activity and separated from personal accounts, makes it possible to separate the business operations of the micro-company from those of the person who runs it (on micro-entrepreneur).

The bank account dedicated to the micro-company activity can be:

• Either one personal bank account (current account separate from the personal account used by the micro-entrepreneur for his personal expenses)
• Either one business bank account : account opened in the name of the micro-company with banking options designed specifically for companies: monitoring accounting, monitoring and reporting tools billingetc.

It is therefore generally more expensive to open a professional bank account than to open a personal account dedicated to the professional activity. The choice between the two depends mainly on the needs of the micro-entrepreneur, the desired services and the associated bank charges.

For more information on choosing the bank:

Banking, Online banking, payment institution: how to choose?

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The opening of a bank account dedicated to the professional activity is mandatory where its turnover (or its receipts) exceeds threshold of €10,000 for 2 consecutive years.

In the event of a threshold being exceeded, a bank should be contacted to open a personal bank account (simple current account) or a business account.

It is recommended to open a dedicated bank account even in case the annual turnover threshold of €10,000 is not exceeded for 2 consecutive years. This avoids confusion between personal and business expenses.

To set up a bank account dedicated to the professional activity in micro-company, a certain number of documents must be transmitted to the banking institution, whether the account is personal or professional:

• Copy of one of the proof of domicile of the micro-company following:
  
  • Lease receipt less than 3 months
  • Invoice for water, gas, electricity, internet or landline telephone less than 3 months old, in paper or dematerialized printed form
  • Certificate of housing insurance less than 3 months
  • Certificate on the honor of the host stating that the declarant resides at his home, identity document and proof of residence of the host less than 3 months
  • Last tax or non-tax notice
  • Title to the principal residence
  • Commercial Lease Agreement or professional
  • Domiciliation contract if the company is located in a domiciliation business
• Proof of identity of the micro-entrepreneur next:
  
  • Identity card
  • Passport
  • Residence card

If the chosen bank refuses to open a bank account (personal or professional), it must provide a attestation or a rejection letter account opening.

This refusal letter then makes it possible to approach the Banque de France for the latter to designate a banking institution that will be required to open a bank account. This is the so-called account entitlement procedure.

The right to the account allows any natural person to benefit from a bank account with an institution designated by the Banque de France with a access to basic benefits guaranteed by law (account keeping, collection, bank transfers or payment card for example).

The refusal to open a bank account therefore does not prevent you from having an account in another bank determined by the Banque de France.

If the bank refuses to open a bank account, it must provide a attestation or a rejection letter account opening.

We must then approach the Banque de France to designate a banking institution that will have the obligation to open a bank account in the name of the micro-entrepreneur.

For more information on applying for the right to the account, see all steps to follow on our file.