Bank account

A bank account is a financial account held at a bank that enables a company to manage funds, make deposits, and process payments.

In Luxembourg, opening a business bank account is a crucial step during incorporation and must comply with local financial regulations, including strict AML measures. This account facilitates everyday business transactions and provides a record for audit and tax purposes. The process has been modernised by digital platforms, allowing entrepreneurs to complete bank integrations remotely as part of their overall corporate formation.