7. Do I need a corporate account if I am a freelancer and work under a business certificate?
In general, if you are working as a freelancer, you can collect payment to your personal account without the need to open a corporate one. However, this may change according to the law and regulation of every country you are based on so we would review this on a case-by-case basis. Please contact our Relationship Manager for specific information regarding your circumstance and your country specifically.
Corporate account procedure requires our client to provide some legal entity documents that a freelancer is unable to submit. For example when a corporate client applies for a DNBC Financial Group corporate checking account, they are advised to submit some documents like Certificate of Incorporation/ Registration, Memorandum and Articles of Association, Register of Director & Shareholder, Company Extract ( for European companies only); and a freelancer cannot provide these papers to apply for DNBC corporate account.
On the other hand, a DNBC personal account is also an optimum choice for personal usages. You can execute wire transfers, pay online with DNBC MasterCard, manage your finance effortlessly with internet banking and mobile banking free registration fees and monthly maintenance fee while you only need to provide your identification and address proof.