Snug BankBusiness Account
Opening and managing a Business Account with Snug Bank is supremely easy, secure and efficient. Register and submit all your documents and company updates online, without ever having to call or visit a bank branch. Do all your banking from the comfort of your boardroom or business lounge.
Your Snug Bank Business Account moves around with you, wherever you go. Carry out transactions and use all our banking features wherever you are around the globe, whenever you need them.
5 great reasons to start business banking with us.
Effortless online business banking.
Here at Snug Bank, we know your time comes at a premium. That’s why the entire ethos and structure of our online business banking platform empowers you to carry out all your banking requirements online, from the comfort of your boardroom.
Snug Bank does not run a network of physical branch offices but supplies all its services online, breaking borders and making your banking supremely easy.
Open a new business account and submit all your company documentation online in your own time. With Snug Bank, you will never waste time on the phone or at a bank branch again.
Transfer money instantly and for free.
- Choose a beneficiary by inputting his or her name, email address, phone number or Snug Bank account number.
- Transfer the amount of money of your choice from your Snug Bank account to your chosen beneficiary.
- The money you send is immediately at the disposal of the beneficiary.
- If the beneficiary is not a Snug Bank user, he or she will receive an invitation to join Snug Bank.
- Once the account of the non-Snug Bank beneficiary is activated, he will be granted immediate access to his money.
Snug Bank offers its users the ability to transfer money worldwide instantly and for free through the revolutionary SIP – Snug Instant Payment.
Create Snug Bank business accounts for your different businesses and subsidiaries and propose the Snug Bank system to your key business partners to reap all the benefits of a business payments ecosystem. This allows you to complete payments across geographical borders and currencies in real time.
Wave goodbye to hidden fees and charges as your credit moves from one account to another instantly and at no cost.
Our banking platform adapts to your specific business needs
Snug Bank caters for a huge variety of businesses and business needs. Our online banking platform is supremely flexible and adapts to your requirements, whether you’re looking for small business online banking or a broad range of corporate banking services.
Whatever your business is like, your business bank account with Snug Bank will be fully ready to serve your need.
The documentation you will need to open a business account
- Copies of ID/Passport of all company signatories, qualifying shareholders and directors
- An electronic bill to prove residence of all signatories, qualifying shareholders and directors
- Company memorandum and articles
- Your business’ incorporation document
- Tax identification Number
- Share register and share certificate (Optional for small businesses)
- Document outlining the business of the company