Banco Sabadell launches first fully digital account for self-employed individuals

SME Banking
18/05/2024 News

Banco Sabadell has launched the first fully digital account tailored for self-employed individuals, strengthening its commitment to this customer segment. This new Online Account features a 100% digital onboarding process and extends the benefits of retail accounts to self-employed customers. It also offers an annual bonus of 120 euros for those who set up a direct debit for their Social Security contributions.

Carlos Ventura, Director of Business Banking, Network, and Private Banking, emphasized the unique needs of self-employed individuals, highlighting the bank's dedication to providing specialized services. The new digital product allows customers to manage their banking activities anytime, eliminating the need to visit branches, and offers customized support and advantageous conditions.

Launched in March, the new account includes no fees or conditions and provides 2% annual interest on balances up to 20,000 euros. Customers will also receive an annual bonus of 120 euros for direct debit Social Security payments. The account features free debit and credit cards, as well as free transfers and cash deposits. Additionally, customers can open a second personal account with the same benefits, including 3% cashback on direct debits for electricity and gas bills.

Banco Sabadell is committed to providing a fast online service with access to specialist managers, eliminating the need for branch visits. Customers also benefit from a network of over 1,400 Business Banking managers available through ATMs and branches.

With deep roots in the industrial sector, Banco Sabadell offers comprehensive solutions tailored to the needs of each business and sector. The new online account grants access to essential services for self-employed individuals, including PoS systems, digital payment solutions, and quick financing assessments with a 48-hour response time. This initiative underscores Banco Sabadell's commitment to supporting self-employed customers with innovative and convenient banking solutions.

Related news & insights

SME Banking
14/06/2024 News

UOB launches SAGE programme to support SME sustainability

This initiative simplifies sustainability-linked financing for SMEs by offering preferential loan rates from UOB for those meeting pre-agreed sustainability performance...

Digital Reinvention
13/06/2024 Article

Financial Innovation Spotlight: June 2024 edition

We've handpicked five new and intriguing projects that caught our attention.

SME Banking
11/06/2024 News

HSBC UK and Ember launch financial tool to boost small business growth

HSBC UK, in partnership with Ember, has introduced My Business Finances, an innovative tool designed to help small businesses better...

SME Banking
10/06/2024 News

DBS launches Bridging Business Horizons programme to support business expansion

This initiative leverages DBS' extensive network and expertise, supported by the Singapore Business Federation (SBF) and Enterprise Singapore (EnterpriseSG).

SME Banking
08/06/2024 News

BPI and NOS launch free app to facilitate small business management

Pulsoo provides an aggregated view of a company's financial position and transactions, while streamlining regulatory and tax compliance.

SME Banking
08/06/2024 News

HSBC UK launches carbon calculator for SMEs

HSBC UK has introduced a carbon calculator to help small and medium-sized enterprises (SMEs) measure and manage their carbon emissions....

SME Banking
04/06/2024 News

Swile and Enfuce launch innovative all-in-one payment card to transform employee benefits

This innovative card integrates various benefits such as lunch and gift vouchers, travel expenses, and more into a single, secure,...

SME Banking
04/06/2024 News

Ramp launches integrated travel booking product to optimize business travel expenses

This product integrates Ramp's policy controls, expense automation, and spend analytics with Priceline's extensive inventory and competitive deals, streamlining corporate...