> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://help.companio.co/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# How to Open a Corporate Bank Account?

Once your business is registered, you need to open or connect a bank account to **invoice your customers, pay suppliers and distribute profits**. 

Unless you have a good reason to opt for a traditional bank account, **online solutions** such as Revolut Business or Paysera are perfectly valid alternatives for your business, and they **have many advantages**, such as:
* You save money and time since everything is online so you don't have to visit offices.
* You can transfer money for free to other countries that are in the SEPA (Single Euro Payment Area).

| Ready to dive into digital banking? As a valued Companio client, we're excited to offer you an exclusive perk: Set up your account with Wise and enjoy a fee-free transfer up to 10,000 EUR [here](https://wise.com/invite/ecac/54a55d5?utm_source=email-campaign-copylink&utm_medium=invite&utm_campaign=&utm_content=&referralCode=54a55d5). You can also start with Payoneer [here](https://payouts.payoneer.com/partners/or.aspx?pid=z7Vk7jTkZXSinnn6RjJ%2f3A%3d%3d&utm_source=affiliates&utm_medium=CompanioEstonia+O%C3%9C&utm_campaign=RevShare+-+24&transaction_id=102d185cb5c6718fdbf386b0c06a48&offer_id=507&aff_id=44066), or choose Revolut Business [here](https://www.revolut.com/en-EE/business/partner-offer-companio1m/).


* *🇪🇪 If you decide to choose a **traditional Estonian bank for your Estonian company,** keep this in mind:
* **You will have to travel to Tallinn**, the capital of Estonia. This is because traditional banks have a KYC (Know Your Customer) policy, which requires them to meet their customers face to face to open a bank account for them.
* Most Estonian banks **will ask you to prove a certain link with Estonia**, in addition to proving that you are an e-resident. This is quite subjective, and proving it may not be that easy.