Business Accounts

There are a lot of factors to consider when you're looking for the correct business bank account. But with so many options, it can take time to figure out where to start. That's where we come in. We've put together a list of the top fintech companies that offer business accounts, so you can pick the one that's right for your needs.

Company Business Account Cards Money Transfers Exchange Merchant Account Loans Mobile APP
ecommpay
monese
monzo
n26
Revolut
vialet
Wise

How to Choose a Business Bank Account

There are a few key factors to consider when choosing a company to open a business account with:

  • Fees: Look for a company that charges reasonable fees for things like monthly maintenance, transactions, and account overdrafts.
  • Location: If you need to visit a physical bank branch frequently, choose a company with branches convenient to your business location.
  • Services: Consider what services you need for your business, such as check processing, online banking, and merchant services. Make sure the company you choose offers the services you need.
  • Customer service: Look for a company with good customer service, so you can get help when you need it.
  • Reputation: Choose a reputable company with a good track record of working with businesses.

It may also be helpful to ask other business owners for recommendations or to shop around and compare the offerings of several companies before making a decision.

FAQ

Several FinTech companies offer business bank accounts. Some of the most popular ones include Wise, N26, and Monese.

To open a business account with one of these companies, you'll need to provide basic information about your business, such as its legal name and address. You'll also need proof of your company's incorporation or registration.

Once your account is opened, you can start using it to accept customer and supplier payments. You can also use it to store the money you need later.

There are some ways to deposit money into your business account. One way is to use a FinTech service such as Stripe or Square. These services allow you to accept payments from customers online or in person.

Another way to deposit money into your business account is through a wire transfer. A wire transfer allows you to send money from one bank account to another securely. You can initiate a wire transfer through your bank's website or by visiting a branch office.

There are many ways to withdraw money from your business account. One option is to use a FinTech company such as Wise or N26. These companies offer fast, easy, and low-cost transfers between bank accounts.

Another option is to use a debit card associated with your business account. Withdraw cash at ATMs or purchase with your card. Select a debit card that doesn't charge fees for withdrawals or purchases.

Finally, you can also wire money from your business account to another bank account. This process typically takes a few days and may incur fees from both banks involved in the transaction.

A business account is a bank account specifically opened to manage the finances of a company. The company can use the business account to receive payments from customers, pay employees and suppliers, and make other transactions related to the company's operations.

On the other hand, a personal account is an account that an individual uses to manage personal finances. The individual can use the personal statement to receive payments from employers, family members, and others, pay bills, make purchases, and save money.

Business accounts are typically opened with a company that offers financial services. FinTechs provide online banking tools and mobile apps that make it easy for business owners to manage their company's finances.