{"type":"document","data":{"id":"5d2e2d8e-a9c6-4c66-a24f-1e5064ad827f","localeString":"en-GB","publishDate":"2025-08-20T13:50:10.794+02:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"Why a business account? What is it for and how can you use it? See all the benefits of a business account."},"mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"Banking, administration and tax returns - as an entrepreneur, you don't want to spend too much time on these things. But it is important to take care of them. And it helps to keep your personal and business affairs separate. That is why ING has a special bank account for (starting) entrepreneurs for your business income and expenses. A business account has many advantages.","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/28c6dcde-dd64-4d87-be72-781c44489afb/Young-woman-using-mobile-phone-at-camera","type":"image","width":6000,"original":"https://assets.ing.com/m/700b2a508879009d/original/Young-woman-using-mobile-phone-at-camera.jpg","extension":"jpg"},"title":"A business account?","subtitle":"Check out the benefits"},"backLink":{"textLink":{"url":"/en/business/self-employed","text":"Convenience for the self-employed"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"1. To keep it clear"},{"componentType":"paragraph","richBody":{"value":"<p>Overview starts with separating your private and business payment streams. With a business account, you keep your company&apos;s money separate from your own. That makes it clearer for yourself, but also for your accountant, for example. And it&apos;s handy for your tax returns.</p>"},"textLinks":[{"text":"More on business accounts"}]},{"componentType":"sectionTitle","title":"2. Save time"},{"componentType":"paragraph","richBody":{"value":"<p>With a business account, you no longer have to search for your business transactions among all your grocery receipts. Convenient because you can see at a glance which receipts you need to keep for the taxman.</p>"}},{"componentType":"sectionTitle","title":"3. It looks professional"},{"componentType":"paragraph","richBody":{"value":"<p>As a business owner, you want your customers to get a professional impression of your company. That&apos;s why you&apos;ve chosen a company name that reflects what you do. Naturally, this includes a business account with the same company name. </p><p>And with IBAN Name Check, where banks check both the account name and the account number, your customers know they are in the right place. A good feeling.</p>"}},{"componentType":"sectionTitle","title":"4. It is easier for bookkeeping"},{"componentType":"paragraph","richBody":{"value":"<p>With a business account, you can download credits and debits in a format that will make your accountant happy. And a happy accountant is often a cheaper accountant.</p><p>Do you use an accounting package? You can easily link a business account to an accounting package. This saves a lot of re-keying.</p>"}},{"componentType":"sectionTitle","title":"5. Payments made more easy"},{"componentType":"paragraph","richBody":{"value":"<p>What about the possibility to automatically collect from customers who regularly purchase services from you? Or, for example, importing payment batches from your accounting system. That way you don&apos;t have to enter each payment separately. Why make it difficult when you can do it automatically!</p>"}},{"componentType":"sectionTitle","title":"6. Handy tools for entrepreneurs"},{"componentType":"paragraph","richBody":{"value":"<ul><li>The mobile banking app: personal and business accounts in 1 app. Everything at your fingertips.</li><li>Payment request: Your customer forgot his wallet or there is no card machine at hand? Just send a payment request. The money is instantly available on your business account.</li><li>With our business savings account, you can set targets for expected and unexpected expenses, such as VAT returns and planned investments. This gives you more insight into your financial situation and an instant overview.</li><li>Protect yourself against business risks and financial losses by taking out insurance directly in the app or on My ING Business.</li></ul>"}},{"componentType":"sectionTitle","title":"Is a business account mandatory?"},{"componentType":"paragraph","richBody":{"value":"<p>At ING and many other banks, it is mandatory to open a business (bank) account if you want to use an account for business purposes. A personal current account is for personal use only. However, the tax authorities do not require you to open a business account.</p>"}},{"componentType":"sectionTitle","title":"Differences between a business and a private account"},{"componentType":"paragraph","richBody":{"value":"<p>If you don&apos;t have a business account, you&apos;ll need to track every business transaction from your personal account and prove that it&apos;s a business transaction, which can be a time-consuming task. Also, you cannot link an accounting package to a personal account. A business account makes you look professional to customers, suppliers and your accountant, if you have one.</p>"}}]}}}