When starting your business, it's important to have a business account that gives you access to the right financial tools and resources. Choosing the right business account can make all the difference when it comes to managing your money and ensuring that you are making the most of your finances.
Best business accounts for small businesses
Monzo is one of the most well-known digital banks in the UK. It provides a basic bank account with a debit card, and it was one of the first to offer a contactless card.Monzo recently launched its current account in Malta and will soon be offering business accounts as well.
If you're just starting out, Revolut is a good option to get your business up and running. This mobile app-based bank account is a digital alternative to traditional banks, offering an easy way to manage your finances and make payments from anywhere in the world. Revolut's multi-currency account will allow you to keep all of your money in one place, regardless of whether it's denominated in British pounds, euros or US dollars. It also comes with a business debit card that lets you pay for goods and services using any currency at any time.
Wise is a fintech company, so it's best to think of it like a business bank account. The company is based in the UK, but that shouldn't be an issue if you're setting up shop in Malta. Wise has two different types of accounts for small businesses: one for sole traders and another for limited companies. Both offer access to your money via mobile app or internet banking, plus direct deposits, online bill payments and more.
wamo is a fintech company and all-round digital solution designed especially for small businesses. wamo was in fact first launched in Malta and the UK.
It has an easy-to-use mobile app, and a full suite of features that make managing finances easy.
Create multiple sub-accounts and issue physical and virtual debit cards for your team or business and choose EUR or GBP IBANs per sub-account which means saving money on international transfers. The best thing about wamo is the excellent customer service. A wamo team member is always available to help. Why not try wamo? Open a business account in 10 minutes with your personal ID and company registration if applicable.