Raiffeisenbank in the Czech Republic makes entrepreneurs’ work easier and proposes to keep their business accounts free of charge. They will also have several benefits, such as the possibility of having an account in several different currencies, connection with accounting systems, or perhaps creating a POS from a mobile phone. In addition, it improves the application with some novelties, such as online payment limits or the establishment of time deposits online.
Running a business, especially in the early stages, can be a stressful time. For that reason, it is worthwhile to save time on operations that can be easily solved online in a few clicks. For these cases, Raiffeisenbank offers several improvements compared to a current account, namely management of up to 18 different currencies under one account, and unlimited withdrawals from all ATMs around the world for free or instant payments without a fee.
In addition, the entrepreneur will also receive a package of benefits that will facilitate purely business activities. For example, he/she can connect his/her account to accounting systems using an API, which will allow him/her to easily download statements and process bulk payments. In addition, owners of Android phones and tablets can use their devices to make a POS for accepting payment cards, for which the customer doesn`t pay a monthly rental fee, only a fee on completed transactions.
Quick control of the account via the mobile application is also an indisputable advantage and a time saver. It has recently undergone innovative changes. It is now possible for business account users to view the card number and CVV code in it, which will facilitate payment transactions. Another improvement is a notification that informs the customer that there is a signature payment waiting for him/her that needs to be processed.
“We try to satisfy entrepreneurs in the widest possible scope. Thanks to this, they can create an account remotely in a few minutes. Previously, they could receive a reward of CZK 500 (approx. EUR 21) every month for half a year. Moreover, they can apply for a business loan online, but at the same time, the option remains to make an appointment at a branch and discuss more complex requirements. A clear application in which the account can be managed is then a benefit that the user will especially appreciate in the long term,” – explains Jiřà Zeman, Segment Manager at Raiffeisenbank Czech Republic.
Source: the Bank`s press release dated August 08, 2023
