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.