Obligation of dedicated business account: Who Qualifies and What You Get
Learn if your business turnover requires you to maintain a separate bank account to stay compliant with French regulations.
This regulation requires certain small business owners to keep their professional funds separate from their personal money.
Who it's for
This applies to auto-entrepreneurs whose business turnover has exceeded €10k for two consecutive years.
What you get
By following this rule, you ensure your business remains in compliance with national banking regulations.
What it costs you
There is no specific fee mentioned for this requirement, but you may need to manage a separate account for your business transactions.
The catch to know
You do not necessarily need to open a specialized "professional" bank account; having a separate personal account used only for business is usually enough to meet the requirement.
How to apply
- Monitor your annual turnover to see if you have met the threshold for two years.
- Check with your bank regarding their requirements for separate accounts.
- Open a second account if your current one is only for personal use.
- Use this dedicated account exclusively for all business-related income and expenses.