After targeting individuals, online banks have been developing for several years now, targeting businesses and company founders.

How to define an online bank ?

Online banks make it easier to access banking services completely dematerialize or almost. For example, you will be able to make transactions or view information on your phone or from a computer via secure access. It is a more interactive and simplified mode than a physical bank.

Is it mandatory for companies to create a professional online bank account?

Regardless of the legal form of your company (SASU, SARL, EURL, SAS), you are required to create a professional bank account in order to separate your professional and personal operations as well as to carry out the capital deposit when creating your company.
It is recommended for micro-entrepreneurs to have a bank account separate from your personal account but you are not obliged to subscribe to a professional bank account. A second personal account could suffice.

Comparison between traditional banking and online banking

– The prices : People are increasingly signing up for online banking because they are cheaper for all common transactions. By choosing an online bank rather than a physical one, you can save between 100€ and 300€ on average over a year.

– Contacts with bankers : Most customers who turn to online banks are young people because they feel that advisors (traditional banks) are not attentive enough or often unreachable. In addition, they are very aware of new technologies. The full use of your bank via a smartphone is a real plus.

– Security : The security between traditional banks and online banks is almost the same. You don't have any particular fears to have except to be careful before carrying out a transaction.

What are the advantages and disadvantages of online banking?

Benefits : Through digitalization you can obtain services instantly without having to make an appointment with a bank advisor. Thus the company can also obtain a certificate of deposit of funds more quickly when you create a company. On an economic level, the prices are also more competitive compared to a physical bank.

Disadvantages : Online banks make it more difficult to manage check and cash payments. As well as more technical financial services such as: loans or wealth management. Also, you do not have physical contact with an advisor.