Business Current Account

Find out about opening, using and closing a Jet Bank business current account, including the applicable fees.

What is a Jet Bank business current account?

A business current account allows you to receive funds, make payments and transfers, and manage your business’s day-to-day finances. Once the account has been opened and the bank has activated your access, you can manage these activities through Business Banking.

In which currencies can I open an account?

You can open a business current account in Albanian lek (ALL) or euro (EUR).

How can I open a business account?

Businesses interested in opening an account can contact Jet Bank. The bank will explain the required documents and steps, review your application and supporting documents, and open the account once the relevant checks have been completed.

What information and documents do I need to provide?

The bank may request business registration documents, identification details for legal representatives and authorised persons, information about beneficial owners, business activities and the source of funds, and any other documents needed to meet identification and legal requirements. The documents required depend on the business’s legal form and circumstances.

Do I need to keep my business details up to date?

Yes. Please inform the bank of any changes to your business details, legal representatives, beneficial owners, authorised persons, address, contact details or other information relevant to your banking relationship.

Who can use Business Banking?

Business Banking can be used by representatives and authorised persons who have been granted access. Each user’s permissions, including the ability to initiate and approve payments, depend on the roles and authorisations set for the business.

Can I make payments at any time?

You can access Business Banking and initiate payments online 24/7, wherever you are. Payment processing depends on the type of payment, execution schedules and relevant banking checks.

How will the bank contact me?

The bank may use the contact details and official communication channels specified in the contractual relationship, including email, telephone and Business Banking notifications, as applicable.

Can the terms and conditions change?

Yes. The terms and conditions may change. The bank will notify you of any changes within the timeframes and in the manner set out in the relevant agreement and applicable law.

Can I close a specific product without closing my business account?

You can request the closure of a specific product or service. The bank will check whether it can be closed separately, taking into account any outstanding obligations and its links to other active products.

Can the bank end the banking relationship?

The bank may restrict services or end the banking relationship in the circumstances set out in the agreement and applicable law. These include failure to meet identification and verification requirements, providing inaccurate information, or using the account unlawfully.

Are the funds in my business account insured?

Eligible business deposits are covered by the Albanian Deposit Insurance Agency up to ALL 2,500,000 per depositor, per bank, regardless of the number of accounts or their currency, subject to the conditions and exclusions set out by law. For more information, visit the Albanian Deposit Insurance Agency.

How do I close my business current account?

To request account closure, contact Jet Bank through its official channels. The request must be submitted by a person authorised to represent the business. Before closing the account, the bank will check for pending transactions, linked products, outstanding obligations and any remaining account balance.