Have you also been looking for the best bank for your small business? Steve, too and now, he’s got a clear winner!
Steve has tried four different business banking apps in the last few years to find the best for all the small business requirements.
In this episode, he shares the one that comes out in front and also explains why.
KEY TAKEAWAYS
The business banking world for small businesses can often be archaic, clunky and backward in its approach and operation.
HSBC is difficult to get an account with; getting one can take three months. Metro required visits to the actual bank to set up, and Tide was a difficult process to complete. Revolut was by far the simplest to apply for.
One of the key functionalities you require as a small business is also the ability to authorise other people to operate the account. HSBC allows for this but is not ideal. Tide does not even allow for this. Metro facility is long, archaic, difficult and expensive. Revolut was extraordinarily easy.
Revolut also allows multiple currencies to be managed by allowing you to open multiple accounts under one app. Their charges are also less, and their exchange rates are better.
The authorisation is achieved using biometrics within the Revolut app, which speeds things up tremendously and also allows for app integration.
Revolut offers ‘one-off’ payment cards. You can also create cards you can send to staff with authorisation for one fixed payment. The best small business bank!
BEST MOMENTS
‘And without a doubt, the winner out of those four, I’m not going to hold you in suspense for the entire of this episode for you to find out what this is, the winner without a shadow of a doubt is Revolut.’
‘HSBC shut down entirely over the COVID period. You could not even apply for an account. It took me three months to open an account.’
‘It’s pretty painless with Revolut. It’s not as quick as it could be, but it’s actually not too bad. I did that remotely, I live in Sweden, and my staff members live in the UK.’
‘I’ve got a US dollars account. I’ve also got a Euro account. I’ve got a British Pounds account as well.’
VALUABLE RESOURCES
Revolut Referral Link: https://www.revolut.com/referral/stephe34e!JUN1-22-AR
Facebook Group: https://www.facebook.com/SystemsAndOutsourcing/
LinkedIn: https://www.linkedin.com/company/systemsandoutsourcing/
Website: http://www.systemizeyoursuccess.com
YouTube: https://www.youtube.com/c/drsteveday
The RIGHT Assistants For Your Business by Dr Steve Day: http://bit.ly/sys-10
ABOUT THE HOST
Steve used to be a slave to his business, but when he moved to Sweden in 2015, he was forced to change the way he worked. He switched to running his businesses remotely, and after totally nailing this concept, he also decided to spend his time helping other small business owners do the same. Steve’s been investing in property since 2002, has a degree in Computing, and worked as a doctor in the NHS before quitting to focus full-time on sharing his systems and outsourcing Methodology with the world. He now lives in Sweden and runs his UK-based businesses remotely with the help of his team of Filipino and UK-based Virtual Assistants.
Most business owners are overwhelmed because they don’t know how to create systems or get the right help.
Our systems and outsourcing Courses and coaching programme will help you automate your business and work effectively with affordable virtual assistants. That way, you will stop feeling overwhelmed and start making more money.
Revolut is the best small business bank. Comment if you agree!
If you also got value out of this episode, then so will someone else you know. So please hit the share button and don’t forget to subscribe to this podcast, so you don’t miss future episodes!