{"id":876,"date":"2020-09-14T15:27:13","date_gmt":"2020-09-14T09:57:13","guid":{"rendered":"https:\/\/open.money\/blog\/?p=876"},"modified":"2023-03-17T15:07:47","modified_gmt":"2023-03-17T09:37:47","slug":"why-do-you-need-to-open-a-business-account","status":"publish","type":"post","link":"https:\/\/open.money\/blog\/why-do-you-need-to-open-a-business-account\/","title":{"rendered":"Why you need a business account, now more than ever"},"content":{"rendered":"Let\u2019s face it – businesses, in general, have taken a massive hit due to the outbreak of COVID-19.<\/span>\r\n\r\nThough the global economy is starting to show signs of gradual recovery from this \u2018virus slump\u2019 – there\u2019s no denying the fact that surviving the pandemic has been a herculean task for businesses, both big and small.<\/span>\r\n\r\nThis only means one thing – it\u2019s time to take charge of your business and navigate it to success. Get back to doing what you love – growing your business!\r\n\r\nAs an entrepreneur, there\u2019s no doubt that you have to take on one too many roles. <\/span>Now here’s the downside<\/span> – managing business finances has always been a challenge and takes up way too much of your time. As per the stats from a recent study, more than 40% of small business owners say that <\/span>accounting is the task that they least enjoy doing<\/span><\/a>.\u00a0<\/span>\r\n\r\nSwitching between platforms, spending hours together to track business expenses and let\u2019s not forget manually updating accounting entries (*phew*) – we don\u2019t blame you for not being fans of it.<\/span>\r\n\r\nIn fact, we\u2019ve got just the thing you need – a business account that helps you manage all your banking, payments & accounting in one place.<\/span>\r\n\r\nLet\u2019s knock down the barriers and show you how you can <\/span>manage business finances, the smart way<\/span><\/a>. <\/span>\ud83d\udc81\u200d\u2640\ufe0f<\/span>\r\n

Business Account – Explained<\/b><\/span><\/h2>\r\nWe\u2019re taking it right from the top and telling you why you need to get a business account, in the first place.\u00a0<\/span>\r\n\r\nNow, your business might have multiple bank accounts and you might be spending most of your time toggling between platforms to manage your finances. This has got to stop – there\u2019s a rising need to streamline business banking and have everything in one place.<\/span>\r\n\r\nWhether you are a small business owner, a startup founder or even a freelancer – getting a business account will make it a whole lot easier for you to manage your business. Adding to that, business accounts come packed with plenty of benefits that are essential for your growing business.<\/span>\r\n

Open\u2019s bank account – Your ticket to managing business finances #LikeAPro<\/b><\/span><\/h2>\r\nAll right everyone, let\u2019s hear it for the online bank account that does all the work for your business – \ud83d\udd0a<\/span> Open\u2019s bank account.\u00a0<\/span>\r\n\r\nSo here\u2019s what we\u2019ve got – Open\u2019s online bank account is everything your regular bank account isn\u2019t. First up, this business account comes with its very own credit card that has a pre-approved limit of INR 10,000.\u00a0<\/span>\r\n\r\nYes, we\u2019ve really outdone ourselves with this one *takes a bow*.<\/span><\/em>\r\n\r\nHang on, it only gets better.<\/span>\r\n\r\nFintech institutions, like the neobanks, <\/span>are putting their expertise to work and are building innovative solutions<\/span><\/a> that help businesses simplify their finances and manage banking, accounting & payments on a single dashboard.\u00a0<\/span>\r\n\r\nThat’s where Open\u2019s online bank account steps in – this business account comes with a credit card that integrates payment gateway, payouts & accounting in one place, saving you a ton of time. Trust us when we say this, your accountant is gonna love you for this!<\/span>\r\n

Why you need to bank the Open way<\/b><\/span><\/h2>\r\nWhen you get your very own online bank account with Open<\/a><\/span>, you\u2019ll be saying goodbye to all your hardships of getting a credit card for your business, hefty transaction charges, the never-ending task of adding a gazillion beneficiaries\u2026 the list goes on.<\/span>\r\n\r\nWe\u2019re letting you in on a few of the many things that you\u2019re signing up for:<\/i><\/strong>\r\n\r\n> More time on your hands by managing payments, banking & accounting in one place<\/span>\r\n\r\n> A business credit card with a credit limit of upto Rs 200,000 at 0% interest\u00a0\u00a0<\/span>\r\n\r\n> Automated accounting\u00a0<\/span>\r\n\r\n> Making payouts without adding beneficiaries<\/span>\r\n\r\n> Filing expenses, approving & managing reimbursements in one place<\/span>\r\n

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Grow your business by leaps and bounds with Open<\/b><\/span><\/h2>\r\nIt\u2019s time to get back to the real deal – growing your business and building your empire.<\/span>\r\n\r\nWe’re here to power you with smart and simplified business banking, while you set sail to success.<\/span>\r\n

Do banking the way you’ve always wanted to and take your business to the next level.<\/em><\/strong><\/span><\/h3>\r\n \r\n\r\n\r\n\r\n