Greater simplicity in the procedures
Online banks are particularly appreciated for their ease of use. To open an online bank account, all you have to do is fill in different information and send documents online. It’s as simple as that, there is no need to go to a physical bank, everything is available online and you just have to wait to receive your bank card to have access to all the features. Thus, it is a particularly simple option that attracts customers who want a quick and very intuitive solution.
The same goes for the various banking operations such as transfers or receipts. For the management of a company, this poses no problem, it can even be reassuring since you have access to all banking operations at any time via your application or your online space.
Advantageous rates
A very good argument for opening an account in an online bank is simply the amount of fees. Opening an account with an online bank is usually free. Since online banks do not have the same constraints as their physical competitors, the fees are lower. Thus, we will not necessarily pay management fees to have a bank card or to carry out banking transactions.
Many transaction costs are more advantageous and allow you to spend less in the event of brokerage fees or transfers. It is also possible to benefit from various loyalty offers or referral bonuses. Thus, not only can you take advantage of advantageous rates, but you can also get bonuses of a few hundred euros sometimes.
Various services, but what security?
Online banks offer many services other than banking. We are talking about opening a booklet, life insurance or PEA. However, it will really depend on the online banks. In a traditional bank, these options are very widespread, but it is possible not to have access to all these offers depending on the online bank that you choose. It is then necessary to take the time to choose your online bank by consulting all the offers in advance.
Safety is also an important point. It is obvious that nobody wants to deposit their money in a bank which risks closing one day and potentially losing everything. This is a situation that can unfortunately happen and thousands of customers can lose their money or have their accounts blocked. When choosing an online bank to open a business account, take the time to carefully choose banks supported by reliable players or even directly by traditional banks.