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Free business account
Thomas Vles
3 Sept 2025
6 minute read
As an entrepreneur, you are always looking for ways to save costs and simplify your business operations. A free business account can help you with this. It allows you to manage your business income and expenses in an organised manner without being tied to fixed monthly costs.
A free business account gives you immediate insight into your financial situation and provides a professional appearance to customers and suppliers. Additionally, it helps you keep personal and business finances separate, which makes the administration clearer and makes it easier to comply with the requirements of the Tax Authority. For many entrepreneurs, it is therefore a logical first step to open a free business account.
Is a business account mandatory?
A business account is not legally required for sole proprietorships or partnerships (vof). However, banks often prohibit the use of a personal account for business purposes, which means you are frequently compelled to open a business account in practice.
For entrepreneurs with a private limited company (bv) or another legal form where a clear distinction between personal and business is essential, a business account is indeed required. This ensures that you meet legal requirements and immediately demonstrates that your company is being run professionally and reliably.
Can I open a business account for free?
The advantages and disadvantages of a free business account
A free business account offers various advantages for entrepreneurs who want to start smartly and cost-effectively. At the same time, there are also some points of consideration that you need to keep in mind before making a choice. Below you can see the main advantages and possible disadvantages clearly presented.
Advantages | Disadvantages |
No fixed monthly costs | Less extensive functionalities than paid packages |
Separates personal and business finances | Limitations on the number of cards or users |
Professional appearance to customers and suppliers | Possible inactivity fees if there are no transactions |
Access to basic functionalities for business operations | Less suitable for large companies or complex organizational structures |
Convenient administration and easy tax filing |
Which banks offer a free business account?
There are various banks and financial service providers that offer a free business account, including Rabobank, BUNQ, Knab, Finom, N26 and of course GoDutch. This means that as an entrepreneur, you have multiple options to open and manage a business account without fixed monthly fees.
Additionally, providers such as ING and Wise also advertise with a 'free' business account. However, at ING, the account is only free for the first six months, after which standard fees are charged. With Wise, you pay a one-time fee of € 50 to open the account, which means that the account is not entirely free of cost.
A business account can only truly be considered free when the fixed monthly costs amount to € 0 and you do not have to pay any fees to open the account. And that is exactly what you get with GoDutch: open a free business account directly without hidden costs.
The free business account from GoDutch
With the Free package from GoDutch, you can open a fully-fledged free business account that is specifically designed to save entrepreneurs time and money. You immediately benefit from a local IBAN, access to a virtual payment card, and all the basic functionalities you need to receive and make payments. This makes the Free package ideal for entrepreneurs who want to start professionally without any monthly costs.
Unique to GoDutch is that, in addition to a free business account, you also gain access to smart features that simplify your administration and payment processes. Think of direct SEPA payments, integrations with accounting software, and built-in fraud prevention. Additionally, GoDutch offers you 24/7 multilingual customer service and an IBAN that is available within 3 hours of your application, so you can get started without delay.
Although GoDutch's paid packages include more advanced options, such as extra cards, team access, and bulk payments, the free business account certainly does not fall short for entrepreneurs with a sole proprietorship, partnership (VOF), or limited company (BV) of small scale. You benefit from speed, transparency, and convenience; exactly what you need to operate professionally and efficiently without unnecessary costs.
For which legal forms is our free business account suitable?
The free business account from GoDutch is suitable for sole proprietorships, partnerships (VOF), private limited companies (BV), and charitable foundations (ANBI). This means that both self-employed entrepreneurs and companies with multiple partners or a formal legal structure can benefit from the advantages of our Free package.
The available features make our free business account widely applicable. For sole proprietorships and partnerships, it is ideal because you can easily keep your business and private expenses separate, making your administration clear and manageable.
For private limited companies, the account provides the necessary separation between private and business assets, ensuring compliance with legal obligations. Charitable foundations benefit from the transparency and easy collaboration that GoDutch enables, facilitating financial accountability towards donors and the Tax Authorities.
Do you want to immediately take advantage of the benefits of a free business account? With GoDutch, you can open your own business account in just a few minutes without fixed monthly fees. You simply fill out the online application, complete your identification, and receive your personal IBAN within 3 hours. From that moment on, you can start making payments, sending invoices, and automating your administration smartly.
Join thousands of entrepreneurs today who have already chosen convenience, transparency, and innovation. Open your free business account with GoDutch now and experience for yourself how simple and beneficial business banking can be.
