Does a sole proprietorship need to have a business bank account?

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Does a sole proprietorship need to have a business bank account?

 🔹 Introduction

 Many entrepreneurs starting a sole proprietorship (JDG) ask the question: do I have to open a separate business account? The regulations do not directly impose this, but there are situations in which a separate bank account is, in fact, mandatory. Check when this is necessary and when a personal account is sufficient.
 

🔸 1. What does the law say?

✅ The regulations do not require a "business account"

The law does not mandate that a JDG has a special business account. You can use a personal account—as long as it meets legal requirements.

❗ But there are exceptions:

According to Article 19 of the Entrepreneurs' Law and regulations on split payment and the white VAT list:
A JDG must use an account listed on the white VAT list if:

  • it is an active VAT taxpayer, and
  • it makes or receives payments exceeding 15,000 PLN gross, and
  • the transaction concerns another entrepreneur (B2B).

📌 In practice: the account must be a business account if you operate as a VAT payer and collaborate B2B in large amounts.
 

🔸 2. What is the “white list” of accounts?

  • It's a registry maintained by the KAS (National Revenue Administration), containing business accounts of VAT taxpayers,
  • A transfer to an account not on the white list may result in the inability to deduct the expense as a cost of obtaining income and joint liability for VAT.

🔍 Check the list: https://www.podatki.gov.pl/wykaz-podatnikow-vat/
 

🔸 3. When does a JDG not need a business account?

You can use a personal account if:

  • you are not a VAT taxpayer,
  • you do not issue invoices to companies,
  • you do not make payments exceeding 15,000 PLN gross,
  • you are not participating in split payment.

📌 For small JDGs (e.g., B2C freelancers on a lump-sum tax), a personal account may be fully sufficient.
 

🔸 4. Advantages of having a business account

Although not always required, a business account offers many benefits:

  • Separation of finances - Easier to account for business income and expenses
  • Visibility on the white list - You will avoid problems with costs and VAT
  • Handling split payment - Mandatory in certain industries
  • History for credit/leasing - Facilitates assessment of financial capacity
  • No risk of blocking a personal account - Banks may block a private account used for business


🔸 5. How much does a business account cost?

 Most banks offer free business accounts for starters—especially for JDGs:

  • 0 PLN for account maintenance (with minimal activity),
  • 0 PLN for transfers to ZUS/US,
  • integration with online accounting and payment terminal.

📌 Some banks offer bonuses for opening an account through CEIDG.
 

📚 Legal basis

  • Act – Entrepreneurs' Law, Article 19
  • VAT Act, Article 108e
  • Tax Ordinance – white list
  • MF Regulation on split payment

✏️ Summary

  • JDG without VAT, B2C sales - ❌ No
  • JDG with VAT, B2B sales < 15,000 PLN - 🔶 No, but worth it
  • JDG with VAT, B2B invoices > 15,000 PLN - ✅ Yes
  • Split payment or payments with VAT invoices - ✅ Yes
  • Account must be on the white list - ✅ Yes