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Customers of Poland's Biggest Bank Can Now Start a Business Via Its Transaction System

PKO introduced a functionality that allows customers to register a new company in the national register and open a business account at the same time

PKO BP announced a new functionality in its transaction system. It will allow customers to register a new business from the comfort of their own homes. A form available after logging in to their private account will allow the customer to register their business in the Central Register and Information on Economic Activity, activate a trusted profile (a means of electronic identification used for online government services) and open a business bank account.

Related: Polish Customers Can Now Choose Among Twelve Banks That Accept Android Pay

To use the new service, the customer needs to fill out an application, providing the business owner's personal data and information about the new business, and then select a business account from PKO’s offer. The application needs to be confirmed with a one-time password and the trusted profile, which will be activated automatically. A registration application to the Polish Social Insurance Institution, Fiscal Office and Central Statistical Office, which assigns a Regon number to the company, is sent out together with the Central Register application.

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PKO's plans for introducing online business registration to its services have been known for several weeks. The bank has already published a press release announcing it and a successful test company registration was performed a few days ago. We know that PKO's competitor, mBank, is working on a similar service.

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