Online business banking comparator

Business finance management solutions and online-only banking solutions don't necessarily own the same licences as traditional banks. However, they can offer similar services for a business account: payment cards, a local IBAN, real time payments etc. They also have an edge in that they are digital only. You don't need to make an appointment to open a business account or to deposit your share capital. You can use the same services, but in a more convenient way.

Besides fees, you will also want to compare the bookkeeping services that online banks can provide. All entrepreneurs who have experience of doing their accounting will be able to confirm that it's an energy- and time-consuming task. Having the opportunity to execute it via a banking service will help you focus on your business.

It's important to compare bank fees. Indeed, online banks don't offer the same price plans and they might vary significantly from one to another. Besides the account opening fees, some extra costs could apply for special features or options. A good indicator of your needs is the legal form of your company.

Customer service is key when it comes to online banks. You have to make sure someone will be able to answer your questions when you need them to. To compare the different customer services, an entrepreneur can always consult reviews online, but a qualitative comparator will help to identify the most appropriate ones.