Can a company have accounts at more than one bank?
Updated 2026-09-19
Yes. It is common for a company to have accounts at several banks, for example:
- Business needs (a customer or supplier specifies a bank)
- Separating funds (operating, payroll and tax accounts)
- The original bank's online banking is inconvenient
Just remember that every transaction in every account needs a voucher and must be booked, so nothing is missed in the accounts.