Can a business/ company have two corporate accounts?

[Kera]

Companies and registered businesses are mandated to have corporate accounts. This is in line with the legal requirements. I want to ask if a company can be permitted to have two corporate accounts with two different financial institutions or it is allowed to have only a single corporate account?

 

[King Belieal]

A company is at liberty to run more than one corporate accounts. My business has two corporate accounts. It helps me with cash flow management.

 

[Springtime]

In my city, businesses are allowed to have more than one corporate account with financial institutions.

 

[Suba]

In my country there is no prohibition for companies to have more than one corporate account, so you as a businessman can create as many corporate accounts as you like in different banks, as long as they are registered in the company's name.

 

[eLdavis]

I don't think there is anything wrong with this though, it mainly depends on the company and if they can manage both accounts.

 

[Fidelia]

I think you can have multiple corporate accounts. What I don't know is if you are free to submit multiple accounts to the regulatory agency.

 

[neku]

Here businesses can have multiple current accounts, with zero interest payable on balance, so most businesses open a corporate account only when it is necessary.

 

[Min George]

A company can have as many corporate accounts as possible. They have the right not to bank with just one bank.