Personal or Business account — what's the difference and which should I pick?

The main difference is simple: Personal accounts are for individual everyday use. Business accounts (Freelancer, Sole Trader, Company) are for professional income and payments. Here's how to decide.

Pick a Personal account if:

→ You want a European IBAN for receiving transfers, sending money, or spending with a Visa card → You're not earning income that needs invoicing or business-level documentation → You don't have clients who pay you for services

Pick a Freelancer account if:

→ You work independently — as a designer, developer, consultant, writer, photographer, or similar → You need to invoice clients without registering a company → You want Juuli to handle VAT, tax compliance, and invoice legality on your behalf → You work across borders and receive payments in multiple currencies

The Freelancer account is Juuli's most popular choice for independent professionals. No company registration is ever required.

Pick a Sole Trader account if:

→ You already have a registered individual business (e.g. Estonian OÜ, UK sole trader, Italian ditta individuale) → You need a business IBAN registered in your company's name → You need to separate your business and personal finances formally

Pick a Company account if:

→ You operate an incorporated business (LTD, GmbH, SARL, or similar) → You need multiple cards for team members → You need a business IBAN in your company's legal name

Can I have both a Personal and a Business account?

Yes. You can hold multiple account types under the same profile. Contact our support team if you need help setting this up.

Still not sure? Contact our support team by email — we'll help you choose in under a minute.