Top Digital Bank Accounts for Business 2021

Fact checked! This material is written by an expert

5 min read 08.09.2021 87

Top Digital Bank Accounts for Business 2021

There are several companies offering business accounts online. Digital business banks provide all the same services as a traditional bank business account. However, Digital business banks offer easy access online, virtual, plastic and metal cards, merchant services, and business loans all from the comfort of your home.  Let's take a look at some of the best digital business banks that could help jump start your small business or take it to another level.

Ibrahim Busari
Ibrahim Busari
Ibrahim is a fintech writer at AskWallet

Fact checked! This material is written by an expert

5 min read 08.09.2021 87

Best International Business Banks

One of the best things about fintech companies is that they provide opportunities to apply for business accounts regardless of where you are. However, there are only a handful of companies providing business accounts to users internationally. Let’s jump in to the best international business banks: 

Revolut 

Revolut is one of the biggest names in the fintech industry with loads of services ranging from personal checking accounts, credit cards, business accounts, merchant services and many more. Founded in 2015, the fintech company was looking to break industry standards by providing low cost international and local transfer fees, mid-market exchange rates and many more. 

Revolut launched its business account recently with a number of services. Revolut business account is available to companies and sole traders in over 31 countries. This includes countries including the United States, Countries part of the Economic Economic Area (EEA) and Switzerland. For more information, Read our Revolut review.

Revolut Business Account Features 

  • Account with several currencies
  • Integration with Business APIs
  • Mid-market exchange rates for over 150 currencies
  • Free international and local money transfers 
  • Loans and overdraft 
  • Debit Cards With Prepaid Balances for employees 
  • Fixed foreign exchange rate for the future
  • Payroll payments in bulk
  • Accept payments on your website

 

Wise (Formerly TransferWise)

Wise is the UK's leading peer-to-peer online foreign currency money transfer service. The service's website supports ten site languages. Users may easily send money to over 59 countries. Wise provides an excellent business account allowing you to make business transactions around the world. Wise business accounts are great for contractors, small and medium business owners, and freelancers. 

Opening a business account with Wise is very easy, you can either download the mobile app and register that way. Or you can just register for an account on their website. The business account has many features including low transfer fees, IBAN, Multi-currency banking and many more! 

Read our Wise review

Wise Business Account Features

  • Multi Currency account 
  • Cheap Invoice payments
  • Debit Card for Employees
  • Cash Management 
  • Xero integration
  • No monthly fees

 

Best EEA Business Banks 

N26

N26 is a sophisticated service that provides some of the characteristics of a traditional bank but in an entirely digital format. They have a lot to offer, from ATM cash withdrawals to international money transfers at affordable exchange rates. Users of N26 can open a variety of bank accounts, as well as business users who can open accounts for their operations.

N26 business account lets you sign up and take control of your businesses finances all from  your smartphone. Get registered in minutes and start using n26 business accounts. Who is N26 business account for?  Freelancers, and small and medium business owners. However, the features will be appreciated by business owners who have to travel frequently. 

Read our N26 review

Features of N26 Business Account

  • Free and paid accounts 
  • Colorful Mastercard
  • 5 Free ATM Withdrawals 
  • Easier tax returns and invoicing
  • 10 Spaces sub-accounts
  • SEPA Transfers
  • Customer support via chat and phone

Bunq 

Bunq is a dutch fintech company founded back in 2012 and offers its service to countries in the EEA. Bunq business account has a lot of features to streamline your businesses finance. Like most digital business banks, registration takes a few minutes and a mobile app is available for more control over your funds. 

Bunq’s business account  offers customers sub-accounts, IBAN, special VAT vault and many more. For more information, read our full Bunq review.

Bunq business account features

  • 4 free ATM withdrawals every month
  • Sub-accounts
  • Purchase security
  • Three account types (from €2.99-€19.99)
  • No currency exchange fees
  • Travel assistant
  • Unique IBAN account

In Conclusion

If you are searching for a digital business bank with a ton of services and features, you can go wrong with any of the digital banks mentioned above. We have included banks for freelancers, enterprise, small business owners so we just show how versatile the services of these digital banks have.

 

Ibrahim Busari
As a fintech writer at AskWallet, he uses his metaphorical pen to guide you through the world of EMIs. He has been working in the financial and iGaming industry since 2016.