Dedicated Professional Bank Account: Who Qualifies and What You Get
Learn if you are required to open a separate bank account for your micro-entrepreneur activities in France and what the costs involve.
This scheme requires certain micro-entrepreneurs to maintain a bank account that is strictly for professional use, separate from their personal money.
Who it's for
This applies to micro-entrepreneurs whose business turnover has exceeded €10,000 for two years in a row.
What you get
You gain a clear legal separation between your professional finances and your personal money. This helps ensure your business transactions are distinct from your private spending.
What it costs you
You will need to pay monthly bank fees. These typically range from €10 to €30 per month.
The catch to know
Many people try to use a standard personal bank account for their business, but banks will often block these accounts if they detect professional activity is being conducted through them.
How to apply
- Check your turnover for the last two consecutive years to see if you meet the threshold.
- Contact a bank to request a dedicated professional account.
- Confirm the monthly fee structure with your chosen provider.