what must I enter as the purpose of the account at the bank

Purpose and nature of the business relationship, completed together

This field asks for the purpose of the account and the nature of the relationship between the enterprise and the bank together; most banks include this in a single question or set of fields when opening or periodically reviewing the account. It concerns a brief, factual description: what does the enterprise do, what is the account used for (for example, day-to-day business operations, receiving customer payments, paying suppliers and salaries), and does that align with the activities as registered with the Chamber of Commerce. An answer such as "general business account for revenue from [description of activity]" is sufficient for most enterprises; a more specialist answer is needed if the enterprise handles international payment traffic, cash-intensive trade or third-party funds, because the bank links an elevated risk profile to these.

Supporting documents are usually not required here — this is a statement by the enterprise itself, not a document that is uploaded. However, the bank does test the answer against what is already known: the SBI code and business description from the Business Register, and sometimes against the source of the company's assets if that has already been established elsewhere in the customer due diligence. If the stated purpose differs from the registered activity, this usually results in a follow-up question, not an automatic rejection. If a good description is missing from the chain file, this is typically a question that the enterprise itself can formulate most clearly, because nobody knows the business operations better than itself.

Basis: customer due diligence under the AMLFT

This question does not come from the bank itself, but from the mandatory customer due diligence under the Act on the Prevention of Money Laundering and the Financing of Terrorism: the bank must establish the purpose and nature of the business relationship before and during the holding of an account. This customer due diligence is linked to other components that the bank requests in the same round of questions, such as the bank relationships of the enterprise and the UBO details; see also why the same type of question is posed differently at a bank than at an insurer. The underlying business data, such as the SBI code, come from registration under the Business Register Act 2007.