A zero-deductible bank account is no longer available even for start-up companies

Now, newly started partnerships can also open their first bank account with BinX, which significantly increases the room for maneuver for companies looking for a sustainable account with low costs – points out Attila Fülöp Norbert, financial expert at BiztosDöntés.hu. Until now – he adds – partnerships could only open an account with the first Hungarian neobank if they already had a current account with another service provider.

The change is also significant – points out the financial expert of BiztosDöntés.hu – because according to the data of the Central Statistical Office, typically 1,600 – 2,000 new partnerships – the largest number of which are limited liability companies – are registered every month. In Hungary, which also need to open a current account. And start-up businesses understandably try to keep their banking costs as low as possible, so BinX packages can be a worthwhile alternative for them.

BinX currently offers four business account packages, two of which offer free account opening and monthly account management. The BinX-S package, which is specifically recommended for start-up businesses, is unconditionally free of charge, while there is no fee for sending money between BinX users. The fee for transfers outside BinX is also favorable with this package, at 0.25 percent, but up to 10,000 forints per transaction.

The fee for transfers outside BinX is even more favorable than the BinX Pro package – 0.15 percent, but a maximum of 10,000 forints –, but here the condition for free account management is that the customer has the Számlázz.hu #profi package and connects their BinX and Számlázz.hu accounts.

Of course, for start-ups or businesses at the beginning of their development path, competition is also very strong among universal financial institutions active in the corporate market, according to data from BiztosDöntés.hu: thus, free account management is just as much a part of the banks’ offerings as the option of discounted electronic transfers, or even a one-time credit given in exchange for opening an account.

OTP Bank‘s Business Sprint Package includes several free and discounted services: for example, electronic transfers to NAV accounts are free of charge, and there is no monthly cost to the customer for the first two ad hoc electronic forint transfers sent domestically. The bank does not charge an annual fee for the Mastercard Unembossed business card that comes with the account, and the eBIZ PRO billing service is also free of charge. OTP Bank is also currently running a credit promotion: new customers who meet the conditions can receive up to 60 thousand forints for opening an account. In addition, customers who open an account by the end of this month will be entered into a draw for a 5-pair travel package to the Champions League semi-final.