MEI Business Account: Who Qualifies and What You Get
Learn how to separate your personal and business finances using a dedicated MEI account in Brazil.
A MEI Business Account, often called a "Conta PJ," is a dedicated bank account used specifically for managing your professional finances rather than your personal ones.
Who it's for
This account is designed specifically for individuals who are registered as a Microentrepreneur (MEI).
What you get
Opening this account allows you to keep your business income and expenses completely separate from your personal money. This makes it much easier to track your professional cash flow and manage your business taxes.
What it costs you
Depending on which bank you choose, you will likely have to pay a monthly maintenance fee to keep the account active.
The catch to know
While many traditional banks charge a regular monthly fee for these accounts, some digital banks may offer this service for free.
How to apply
- Decide whether you prefer a traditional bank or a digital banking option.
- Gather your professional registration documents.
- Visit the bank's website or a local branch to request a "Conta PJ."
- Follow the bank's specific verification process to activate the account.