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Opening a bank account
OPENING A BANK ACCOUNT
Every entrepreneur who carries on its activity on the Polish territory is obliged to conduct their financial accounts through the bank account. The exceptions cover the entities without legal personality, such as partnerships and natural persons that are subject to flat-rate taxation.
Business transactions must be made from or to the account, if the party in the transaction is an entrepreneur, or if a single transaction value, regardless of the number of subsequent payments, exceed the equivalent of EUR 15 000. This amount is converted into PLN at the average rate of foreign exchange issued by the Polish National Bank on the last day of the month proceeding the month in which the transaction was made.
In order to open a bank account, entry into an agreement with a selected bank is required. This requires also submission of all the documents relating to the company arising from the date of its foundation, in particular: an extract from the court registry, copies of the identity cards of partners, copies of REGON registration, and NIP. It is also necessary to bring the company’s stamp in order to file the stamp specimen and to fill out the signature specimen card. If you have a set of required documents, setting up an account is possible during a single visit in a selected banking establishment.