Business bank account

Question

Hello team,
I would like to ask if someone under subsidiary protection is not allowed to open bank business account because most of the banks are refusing to open me account.  I have registered business and got all papers but bank are refusing me to open my business bank account.  Kindly advise me one friendly bank.

Answer 1

Hi @Malcolm 

Banks are not obliged to let you open a business account with them, unlike private accounts. What reason have they given for refusing you? Have you tried at both traditional and online banks?

Have you asked to see your credit rating from SCHUFA? You can request this free of charge here:

https://***.meineschufa.de/de/datenkopie?etcc_cmp=schufa.de&etcc_med=%20Link/Referrer-schufa.de&et_cmp_seg5=themenportal&et_cmp_seg4=dako

Here is an example of an expert answering a question about this on a site for people setting up a business:

https://***-existenzgruender-de.translate.goog/SharedDocs/BMWi-Expertenforum/Foerderung-Finanzierung/Bankkontakt-gespraech/Bank-verweigert-Geschaeftskonto-was-tun.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

The site offers some useful information in English about starting a business:

https://***.existenzgruender.de/EN/Home/inhalt.html

Best,

Éanna