Finding the best online banking for your small businesses doesn’t have to be difficult. Start with the requirements a good business evaluation account and work from there to see what you need now and what you need in five or 10 years.
We compiled some of the best banks for small businesses and compared the best options in terms of their offers of checks and deposits on account, access to branches and ATMs, and other services such as business credit cards, loans, and business services.
List of Some Best Online Banking for Small businesses
Revolut: The Best Online Banking
The British company Revolut took the banking world by storm. Launched in 2015, the company almost immediately pursued its noble goal: to transfer your entire financial life into one easy-to-use application. Over the last 5 years, Revolut has been trusted by more than 250,000 companies worldwide due to its good functionality and fair price.
From a User “I use Revolut Business for my business and I am very ok with this jump. Moving from my old traditional bank to Revolut would save us 5 places a year, but above all, we would save a lot of time. Things always work, smooth user interface, use API for automating things – thanks to Revolut.” Revolut is one of the best banks for entrepreneurs.
Wise: Best for Money Transfer
Wise, formerly TransferWise, is a company that is even bigger in life. Their revolutionary approach is called the “TransferWise movement,” and even large banks are afraid of it. The company was built in 2010 by two Estonian friends and now operates for more than $ 4 billion a month.
The basis of business is a simple principle: to ensure honest and short money transfers, without all the hidden fees and insane hassles you will encounter in a traditional bank.
In many ways, Wise has paved the way for all the modern online banking we know and hold today. It also hurts a lot when you get a Wise account. Wise is one of the best online banking platform for small businesses because the registration and approval process is fast.
N26: Best for Freelancers
Launched in 2013, N26 is one of Europe’s first fully digital banks to bring much-needed freshness to the European banking world.
Its main strength lies in the fact that the banking application is more than revolutionary: it is so user-friendly that it sets a bit of a pattern for what consumers want to see from their banking application.
From card locking and overloading to saving a very detailed statement of your expenses: you can do it all with a single click in the application.
SEE: Quotes For Homeowners Insurance – All You Need To Know
Currencyfair: The Best Online Bank for Expats
In many ways, CurrencyFair is similar to Wise and is also a great banking option for traders. This Irish company has been operating successfully for 9 years and is at the forefront of international currency transfers and offers fair exchange costs.
CurrencyFair is at the core of the marketplace. Send them your money and they will exchange currency, but you will set the rate you want. Then a suitable exchange rate will be from the market, which results in a better exchange rate. It works as a peer-to-peer platform.
Monese: The Best Online Bank for British Companies
Monese is another good online bank that offers tough competition to Revolut with a much faster user interface. Also, Monese was founded on the idea of providing direct banking without paperwork and documents. For this reason, it has become one of the preferred options for ex-pats in the UK, as Monese will provide you with a legitimate bank account in the UK in a matter of minutes.
Monese hosts more than $ 3 billion in payments annually and sees approximately 3,000 new applications every day. It gradually replaced Europe. Are online banks secure? When it comes to online banking security, you must first know one thing: security starts with you.
No security system can cover every problem. This does not only apply to online banking but any system, including traditional banking.
There are always fraudsters looking for your passwords and login details. First of all, therefore, you also need to be careful.
But as already mentioned, online banking is completely safe! Their security systems are always the same as (or better yet) traditional banks.
SEE Top Email Marketing Tools – For Big And Small Businesses
