Bank account or EMI that lets a freelancer / sole proprietor use a business name (trade name) instead of personal name?

[OffshoreDude]

Hi all,

Do you know any bank account or EMI that allows a freelancer / sole proprietor use a business name (trade name) instead of his personal name?

So if, for instance if a person, let’s call him "John Smith", is a freelancer / sole proprietor, who offers his services through his (fictive, I just made that name up) website ABC123XXLsuperconsulting DOT com, can send his clients invoices not giving his personal name ("John Smith") as the bank account holder, but rather "ABC123XXLsuperconsulting" as the account’s holder ..

This could be achieved in two ways:

a)
Through a bank / EMI that explicitly allows to receive money into the account of the freelancer / sole trader, even if the sender does not use his personal name as account holder for the transfer, but some business name, which was previously communicated to the bank / EMI from the freelancer / sole proprietor who owns that account ..

or

b)
Through a bank / EMI that does not explicitly offers or allows this, but does not care if the account holders name matches exactly with the registered bank account holder ("John Smith"), and therefore nevertheless credits a transferred amount into the account, as long as the other bank account details like IBAN are correct ..

Can anybody recommend me such a bank or EMI, or has another solution for this?

 

[daniels27]

German banks are known to be quite open to accept money with non-matching names. You could try Amnis for example and see if that works. Or DKB, Comdirect, N26, C24 etc. and see what happens.

Otherwise, you can open a US LLC or association etc. to achieve that.

I guess main question here would be which jurisdiction you need to receive money. US, EU, etc. I just guessed that you are talking about EU-wide SEPA payments.

 

[ilke]

Yoursafe allows custom name based on social media handle with some limitations for personal accounts.

Otherwise @daniels27 is right, some European banks are insensitive to mismatched names. Otherwise, if you use trade name + real person name (like "ABC123XXLsuperconsulting John Smith"), there is no issue at all almost anywhere.

Partnership/US LLC also works fine for this but it may impact the tax status based on the jurisdiction.

 

[uplana]

Some banks allow you to use a name for "Doing business as" that's a second name for a company.