Why you need a business account, now more than ever

Smeetha Ann Thomas
bankopen
Published in
3 min readOct 1, 2020

Let’s face it - businesses in general, have taken a massive hit due to the outbreak of COVID-19.

Though the global economy is starting to show signs of gradual recovery from this ‘virus slump’ - there’s no denying the fact that surviving the pandemic has been a herculean task for businesses, both big and small.

This only means one thing - it’s time to take charge of your business and navigate it to success. Get back to doing what you love - growing your business!

As an entrepreneur, there’s no doubt that you have to take on one too many roles. Now here’s the downside - 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 accounting is the task that they least enjoy doing.

Switching between platforms, spending hours together to track business expenses and let’s not forget manually updating accounting entries (*phew*) - we don’t blame you for not being fans of it.

In fact, we’ve got just the thing you need - a business account that helps you manage all your banking, payments & accounting in one place.

Let’s knock down the barriers and show you how you can manage business finances, the smart way. 💁‍♀️

Business Account - Explained

We’re taking it right from the top and telling you why you need to get a business account, in the first place.

Now, 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’s a rising need to streamline business banking and have everything in one place.

Whether 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.

Open’s bank account - Your ticket to managing business finances #LikeAPro

All right everyone, let’s hear it for the online bank account that does all the work for your business - 🔊 Open’s bank account.

So here’s what we’ve got - Open’s online bank account is everything your regular bank account isn’t. First up, this business account comes with its very own credit card that has a pre-approved limit of INR 10,000.

Yes, we’ve really outdone ourselves with this one *takes a bow*.

Hang on, it only gets better.

Fintechs like the neobanks, are putting their expertise to work and are building innovative solutions that help businesses simplify their finances and manage banking, accounting & payments on a single dashboard.

That’s where Open’s 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!

Why you need to bank the Open way

When you get your very own online bank account with Open, you’ll 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… the list goes on.

We’re letting you in on a few of the many things that you’re signing up for:

> More time on your hands by managing payments, banking & accounting in one place

> A business credit card with a credit limit of up to Rs 200,000 at 0% interest

> Automated accounting

> Making payouts without adding beneficiaries

> Filing expenses, approving & managing reimbursements in one place

Grow your business by leaps and bounds with Open

It’s time to get back to the real deal — growing your business and building your empire.

We’re here to power you with smart and simplified business banking, while you set sail to success.

Do banking the way you’ve always wanted to and take your business to the next level.

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Smeetha Ann Thomas
bankopen

Finds solace in words, preferably those with a sarcastic undertone | Social Media Manager at Open