5 Benefits of Current Accounts for Businesses

Posted on Monday, November 6th, 2023 | By IndusInd Bank

From a higher number of transactions and access to digital payment solutions to secure online banking services, a current account offers several benefits to businesses.

Running a successful business involves engaging in numerous financial transactions daily. A current account is an essential financial tool that can streamline the entire process. A current bank account enables businesses to handle various transactions – including deposits, withdrawals, and transfers – with relative ease, ensuring smooth business operations. Read on to learn about the five salient benefits of current accounts for businesses.

1. Higher Transaction Limits

As a business grows, handling an increasing volume of transactions becomes inevitable. A current account provides the flexibility of a higher number of transactions – both cash deposit and withdrawal – enabling your business to run smoothly and efficiently. 

2. Access to Digital Payment Solutions

For a business to grow and thrive today, whether it is a physical retail store or an online business,  it must offer digital payment options to its customers. Thankfully, a new-age current bank account today will usually offer an array of digital solutions such as QR code, POS device, and Soundbox & Payment Gateway solutions to help business owners accept cashless payments from customers, vendors, and channel partners among others.

3. Access to Credit

Current accounts give businesses easy access to an array of credit options, including overdraft facilities, business loans, and credit cards among others. This can be of great help to start-ups, scale-ups, and small businesses in general that need immediate access to funds for fulfilling various requirements such as purchasing inventory, paying salaries, and making vendor payments. 

4. Secure Online Banking

Most current accounts nowadays offer comprehensive online banking solutions, making it easier for entrepreneurs to manage their finances on the go. Thanks to the convenience of Internet banking and mobile banking apps, they can transfer funds, monitor transactions, and pay bills with ease. What’s more, the online banking solutions come equipped with robust security features, protecting businesses against fraud and unauthorized access.

5. Additional Features

In addition to the above-mentioned benefits, current accounts may come with additional features that add another layer of convenience to business banking. For instance, IndusInd Bank offers a string of unique benefits including an auto-sweep fixed deposit facility, business debit card, cash management services, trade & forex services, and access to the all–in–one Indus Merchant Solutions app among others.

Open A Current Bank Account with IndusInd Bank

Specially designed to add value to traditional and new-age businesses, IndusInd Bank is one of the best banks for a current account. IndusInd Bank offers a range of current accounts for businesses. Here are some of the compelling benefits of an IndusInd Bank current account:

1. Availability of industry-specific current accounts with tailored banking solutions for IT/ITes, textile, telecom, shipping, and other sectors
2. Freedom to choose your preferred account number
3. Facility to group current account with savings accounts for consolidated balance monitoring
4. Dynamic cash deposit limits to meet your business’s evolving needs
5. Access to a host of digital payment solutions such as POS devices, QR, Soundbox & Payment Gateway solutions, to facilitate cashless transactions
6. Simple, secure, and convenient internet and mobile banking apps to bank on the go
7. Hassle-free and secure doorstep banking services like cheque pickups and on-call cash pickups

Unlock new financial opportunities for your business. Open a current account with IndusInd Bank – the best banking partner for your business – today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.