When you start as an entrepreneur you need a business account. But a negative BKR registration can influence this. When applying for a business account, all banks check Your details with the Credit Registration Office. Depending on how you are registered with the BKR, some banks may refuse you as a customer.
Most mature people have a BKR registration, for example through a mortgage or personal loan. A BKR registration is nothing more than a registration of all debts and loans you have. All loans and debts from mortgages to a telephone subscription are registered here.
A BKR registration does not have to cause any problems when opening an account.
How does a BKR registration influence the opening of a business account?
If you want to open a business account, your application will always be assessed first. This is done automatically or is partly done manually, different per bank. Checking Your BKR registration is part of the assessment process.
Every Dutch person is entitled to open a personal account, but with business accounts banks have more freedom. It is not legally required to perform a BKR check for an application of a business account. However, all Dutch banks have included in their general terms and conditions that they can refuse you with a negative BKR registration.
Banks usually check how much payment arrears are and how big the arrears are.
A negative BKR registration
You can get a negative BKR registration when you are in arrears with one or more loans or obligations such as a telephone subscription. If you are behind by a term, nothing will happen, but after several reminders you will receive an announcement that the arrears will be reported to the BKR, resulting in a negative registration.
If you have a negative BKR registration, most banks will reject Your application to open a business bank account.
You will not be immediately rejected in all cases. Many banks let the acceptance depend on the amount of Your payment arrears. It is therefore wise to do an application at different banks when you have a BKR registration. Knowing that some banks have stricter conditions than others. It is more likely that you will be accepted somewhere.