What it is
A business current account handles a company's or sole proprietor's day-to-day money: receiving payments, paying suppliers and staff, issuing cheques and running online and bulk payments. Only licensed commercial banks can offer current accounts in Sri Lanka.
Accounts differ mostly in fees, minimum balances, transaction limits and the digital tools that come with them. The account is also where lenders look when sizing overdrafts and loans later.
How to compare
Minimum balance and below-balance charges
A high minimum ties up cash; missing it triggers fees.
Transaction and cheque-book fees
High-volume businesses feel per-transaction charges most.
Online and bulk payment tools
Salary uploads, CEFTS/SLIPS, approvals by multiple signatories.
Branch and ATM reach
Matters if you deposit cash often.
Path to overdraft and loans
The bank holding your account usually offers credit most readily.
What the bank will ask for
- Business registration certificate (and incorporation documents for companies)
- Board resolution and signatory mandate for companies
- NICs and proof of address of owners, directors and signatories
- Beneficial ownership declaration (KYC)
- Initial deposit as set by the bank
Requirements vary by bank and facility size; this is the usual starting list.
Related business services
Business Cash Management
Collect, hold and pay money efficiently across accounts and branches — bulk payments, collections, sweeps and real-time visibility.
Merchant Payment Services
Accept cards, QR and online payments — terminals, LankaQR, payment links and e-commerce gateways, and what each really costs.
Corporate & Business Credit Cards
Cards for business spending with company-level limits, staff cards and spend controls — and how to compare them.
Not sure which bank fits your business?
Send one enquiry; we'll come back with the options that match.