Millennium Bank in Poland enables customers to set up a business (a sole proprietorship) via the Internet. Future sole entrepreneurs will be able to apply for business registration in mobile and online banking.
Poles willingly use remote channels when conducting business. Millennium Bank supports entrepreneurial customers and tries to make everyday banking easier for them. Currently, without a visit to the office, by completing one online form, interested parties will be able to register a sole proprietorship in the Central Registration and Information on Economic Activity (CEIDG) and set up a My Business Account together with a debit card.
“We accompany our customers every day. This time we respond to the needs of those who want to easily start their businesses and become sole entrepreneurs. At Millennium Bank, they will not only register their businesses and set up a business account, but also use additional tools in mobile and online banking that will support them in building competitive businesses. When designing our solution, as usual, we relied on user research. We learned from them, how stressful for many people are the formalities related to business registration. Therefore, in our process, we support the user at every stage of applying,” – says Marcin Pogorzelski from the Electronic Banking Department at Millennium Bank.
Millennium Bank`s customers will find the application for registration of a sole proprietorship in mobile and electronic banking. The Bank wants its customers to significantly facilitate the task of starting their businesses. By completing one form, interested parties will not only submit an entry for business registration signed with a Trusted Profile but also open a My Business Account with a debit card. Customers will also be able to take advantage of substantive support. The Bank has made available several information materials on the portal, and when completing the application, the customer can use the assistance of a consultant prepared in terms of content to support the process of setting up a business. During the conversation in the chat, the expert will clarify doubts about what should be included in the individual sections.
What distinguishes Millennium Bank`s service on the market is the fact that customers can complete the application not only on their computers but also in the mobile application on their phones. For the most popular business industries, the Bank has launched a convenient search engine for business codes. By entering keywords, the system will suggest appropriate numerical codes from the Polish Classification of Activities (PKD). After completing the online form, the customer will also receive notifications about the current status of the submitted application to the Central Registration and Information on Economic Activity. Thanks to this, the customer will know when he/she has been assigned the Tax Identification Number (NIP) and the Business Identification Number (REGON). Knowing the account number of the business account, the customer will be able to provide it to future contractors in advance. However, the account, together with the accompanying products will be opened after confirming the entry in the Central Registration and Information on Economic Activity.
“Every day, about a thousand new businesses are established in Poland. The pandemic and the entry of a generation that doesn’t know the world without the Internet into the market have also effectively moved the establishment of businesses to the “online” mode and now over 60% of new sole proprietorships are registered in the Central Registration and Information on Economic Activity electronically. To further simplify the start of the customers` businesses, we have introduced a fully remote process at Millennium Bank, in which they can set up both a business and a business account completely remotely at one time. Entrepreneurs who take advantage of this solution are offered an exceptionally advantageous offer of My Business Account and convenient online banking,” – says Anna Wydrzyńska-Czosnyka, Head of the Business Customer Department at Millennium Bank.
Detailed terms and conditions of the promotion are available at: www.bankmillennium.pl/biznes/rachunki-biezace/konto-moj-biznes (in Polish).
Source: the Bank`s press release dated January 4, 2023
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