Optimization of business activities is the concern of many entrepreneurs today, because it is important not only to increase profits, but also to increase brand awareness, attract a large audience, and gain a foothold in the market. In this case, it is important to know why and how to open a corporate online account.

WestStein financial service experts told us why you need a current account for business and how to open it on our website. To do this, you should go through registration and verification, and then wait for a response from a competent manager. Our employee is not only ready to agree on all the nuances, but also to answer the client’s questions at all stages of cooperation.

When is it necessary to open a corporate account?

Entrepreneurs dealing with non-cash transfers simply cannot cope without a business account. Its main task is the implementation of commercial goals: receiving and sending non-cash payments between customers, contractors, partners, investors and other subjects of market relations. In addition, the presence of this account allows the company to participate in state tender systems – this is a good option for development.

Can a free online business account be replaced with a personal one? The answer is no, because a personal account has strict limits on transactions. Also, such an entrepreneur may have questions from the tax service. Why put your business at risk if you can open a business account with just a couple of clicks on our website?

WestStein prepaid card is a reliable and convenient financial instrument

It is important to mention that several cards can be linked to an account, which greatly simplifies its use. For example, one person may be responsible solely for financial transactions with clients, the other for services within the company: filling the office, etc. At the same time, all monetary transactions in the form of receipts are reflected in Internet banking, which significantly reduces the risk of unintentional or unnecessary spending. If any payment is selected from the budget, the company’s management immediately notices this and takes appropriate measures.

The account helps in the formation of accounting and tax reporting, which favorably affects the credibility of the company. There will be no questions from the regulatory authorities, which are often followed by penalties.