SMEs choose the online banking offer

With the explosion of the digital world, we have seen the appearance of many virtual banks. Some of them offer services tailored to SMEs, while others simply serve private individuals. In recent years, it has become clear that these online banks are increasingly attracting professionals at the expense of traditional banks.

SMEs, looking for an offer adapted to their needs!

Let's first define what an SME is. A company in the SME or small and medium-sized enterprise category has at least 250 employees and an annual turnover of less than €50 million. Having a bank account is an obligation for SMEs who wish to register. Online offers may vary from one bank to another. Some of them are only for microenterprises and sole proprietorships. Others, on the contrary, extend their offers by offering a wide range of services to companies, especially SMEs.

The advantages of virtual banking!

The biggest advantage of neo-banks is of course the price. Indeed, the fees are lower compared to traditional banks. This will enable entrepreneurs to make considerable savings every year. In addition, online banking is accessible at any time and the procedures for opening accounts are simplified. Similarly, the offers on the professional market can be adapted to all needs and some banks can offer their clients a very comprehensive range of services:
  • opening a current account
  • Day-to-day operations: collection, payment, transfer, credit card, etc.
  • the various financing solutions: for professional credit, online offers have never been so generous
  • overdraft facility
  • insurance
  • Credit card collection, etc.
In addition, for SMEs that export, the offers are very interesting. Why are they interesting? Because currency conversion fees during supplier payments are more affordable. The same applies to the use of bank cards abroad.

Elements to be taken into consideration when choosing your pro bank!

Since opening a pro account is a legal obligation, it is very important to make the right choice to avoid any unpleasant surprises. For traditional banks, the packs are often identical. The difference lies in the price. However, when choosing an online bank, one should remain cautious. Above all, you should inform yourself about the quality of service offered by the establishment and its reputation, without forgetting the additional services: international bank cards, distance selling contracts, transfers abroad... Finally, don't forget to make price comparisons. To do this, ask for a few quotes before making a decision or use a comparator.

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