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.
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 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
An 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
Cheap Invoice payment
Debit Card for Employees
No monthly fees
Best EEA Business Banks
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 business's finances all from your smartphone. Get registered in minutes and start using n26 business accounts. Who is the 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-account
- SEPA Transfer
- Customer support via chat and phone
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 business's 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 vaults, and many more. For more information, read our full Bunq review.
Bunq business account features
- 4 free ATM withdrawals every month
- Purchase security
- Three account types (from €2.99-€19.99)
- No currency exchange fees
- Travel assistant
- Unique IBAN account
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.