There are various benefits of having a business account for businesses from any sector. Business accounts work like regular bank accounts, allowing you to automatically receive payments collected from your customers' debit or credit cards.
To receive payments, you must have this account established by your card payment provider and identified by a unique identification number. The fees you receive are kept and accumulated here until the funds are transferred to your real bank account.
It is not possible to receive payments online without opening a business account. These accounts enable all types of financial transactions between the retailer, bank, and payment processor without interruption.
As Jetonbank, an online banking platform, we create these accounts for you and provide your merchant ID. This makes it possible for you to accept all types of online payments for your business.
Business accounts allow you to transfer money via electronic payments between your customers' bank accounts or credit cards and your business account.
A hardware device you will use gives you access to the account and allows you to physically gain maximum control over your money. As Jetonbank, we are ready to provide this hardware to our customers for a reasonable fee.
What is a Business Account in Digital Banking?
Business bank accounts, unlike individual accounts, are bank accounts through which businesses meet their financial needs.
Almost all traditional and digital banks offer the opportunity to open a business bank account in addition to personal bank accounts.
Small and medium-sized businesses meet their daily financial needs online through business bank accounts.
These transactions generally include maintaining control and monitoring of the business' income and expenses, completing periodic payments such as salary payments, making invoice payments, and managing other asset transfers.
When businesses carry out their financial needs through personal banking accounts, they may face higher transaction fees and legal issues.
For this reason, businesses must carry out their financial transactions through officially opened business bank accounts.
What Transactions Can Be Performed with a Business Account?
A wide range of transactions, from daily transactions to complex and complex financial transactions, can be carried out through business bank accounts.
Businesses may need to make different, more frequent, and complex financial transactions, unlike individual financial needs.
For this reason, it is recommended that business owners manage the processes through business bank accounts offered by banks or financial institutions for businesses.
The most common financial transactions made by businesses through business bank accounts are:
- Money transfer and EFT transactions
- Bill and rent payments
- Automatic payment of employees' salaries
- Set up recurring payments
- B2B banking transactions
- Accept customer payments
- Providing the infrastructure to accept different payment types
In addition, businesses can access business credit cards through business accounts.
These commercial credit cards, unlike individual credit cards, facilitate the use of credit by businesses and include large-scale credit limits.
Can Money Be Sent Via a Business Account?
The answer to this question is the same for personal banking accounts and business bank accounts. Transferring assets through business bank accounts is a very practical process.
Regardless of the size of your business, you can transfer assets on a global scale through your online business bank account and grow your business by reaching many potential customers from different parts of the world.
Transferring assets through a business bank account is a very practical and easy process. You can also transfer assets globally via your business bank account.
Especially today, with the increase in the number of digital banking tools and solutions, many businesses can receive customer payments through digital business bank accounts and also transfer assets to different accounts quickly and online for payments.
Business accounts are great solutions for not only you to transfer money, but also for your customers to enrich payment options with different asset classes by using digital banking tools via mobile phones.
Is It Safe to Open a Business Account?
Just as opening a personal bank account is a very legal and safe process, opening a business bank account is equally safe.
However, businesses still need to take certain security measures to open a business bank account. These security measures are:
- Choosing a reputable and reliable bank
- Using biometric verification methods
- Benefiting from strong encryption and double authentication methods
In addition, choosing a reputable and reliable bank is the most critical security measure. Nowadays, among the countless digital banks, you need to make an agreement with one of the reputable ones such as Jetonbank, and determine the one that is compatible with the financial expectations of your business.
Which is the Safest Bank to Open a Business Account?
Today, with the development of digital banking and the increase in the number of digital banking solutions, countless digital banks have been established.
Determining the most suitable one for you among these financial institutions and choosing the most reliable one can be a difficult process.
In this process, you should evaluate the feedback of other customers and prioritize those that are compatible with the financial expectations of your business. Transaction fees are also a factor to consider.
As Jetonbank, we have been offering our experience in digital banking for years for your business bank account needs and solutions.
If you are looking for a business bank account for your small and medium-sized business, you can reach Jetonbank now and meet the financial needs of your business digitally in the safest and fastest way.
What are the Advantages of a Business Account?
Opening a business bank account offers numerous advantages to businesses.
With the contribution of digital banking solutions, especially for small and medium-sized businesses, all financial transactions can be managed practically through the business bank account online.
Thanks to business accounts, business owners have the opportunity to separate their financial processes from the financial transactions and assets that concern the business.
Thanks to the business account, you can reach your potential customers more quickly and professionally with digital banking tools.
In addition, accounting transactions such as regular payments and income and expense tracking can also be managed through business accounts.
In addition, you can also access business credit cards for small and medium businesses.
