From the very beginning of the business, the entrepreneur should introduce a division between personal and corporate finance. Separation of private and business transactions guarantees a transparent picture of the company’s finances and the control of received revenues and costs incurred. It can also ease the assessment of the efficiency of operations. We have also a greater sense of privacy without the insight into the private transactions of the company’s owner in the case of fiscal control. We are as well able to determine all the expenses related to running the account to the costs of obtaining income. Therefore, it is a good idea for the company to have its own bank account.

Before signing the contract, it is worth considering how to use the account to select the most convenient type of account service – traditional in a bank branch or independent via the Internet or telephone. To save money, pay attention to the various fees charged by the bank. Such fees are charged for example for account management, basic operations like commissions for transfers at home and abroad, deposits and withdrawals at a bank branch, standing orders, paper statements. The important cost is also the card service, the cost of its issue, use and the amount of the commission for withdrawing money from an ATM.