Open an Online Business Bank Account in Minutes13 min read

Open an Online Business Bank Account in Minutes13 min read

In today’s digital world, opening a business bank account no longer needs to be an tedious in-person process. With The Kingdom Bank, you can now open a fully-featured online business account completely from your computer or mobile device in just a few minutes.

As more and more small businesses go online, having instant access to bank account services digitally is an essential part of running a modern company efficiently. Traditional banks can often take days or even weeks to open a physical business account due to paperwork and in-person verification requirements. The Kingdom Bank streamlines the entire process into a quick and simple signup flow that you can complete anywhere, anytime.

In this article, we’ll walk through exactly how to open a The Kingdom Bank online business bank account from start to finish in record time. We’ll also explore the benefits of digital business banking and how you can immediately start using your new account to manage finances and process international money transfers on the go.

What is the Easiest Way to Open an Online Business Account?

The easiest way to open an online business bank account is with The Kingdom Bank. Here are the simple steps to get started:

• Visit The Kingdom Bank and click “Open Account”
• Select “Business” as your account type
• Fill out the online application form providing basic business and owner details
• Upload identification documents such as a valid passport
• Verify your identity online using your phone number
• Your account will be instantly opened! No waiting or paperwork required.

The entire signup process with The Kingdom Bank takes around 5-10 minutes. No faxing, mailing, or visiting a physical branch location is needed. Everything can be completed digitally from any device with an internet connection.

Other online business bank options may require additional steps like submitting documentation by mail or waiting several days for identity verification. The Kingdom Bank streamlines verification using an instant online process. Once complete, your account is immediately ready to use for deposits, payments and international money transfers.

How Can I Open a Bank Account Online Instantly?

The only way to truly open a business bank account instantly online is through The Kingdom Bank. Here are a few key reasons why The Kingdom Bank allows for instant account openings:

• Digital verification – The Kingdom Bank utilizes online ID verification through your mobile phone for immediate identity proofing. There is no waiting period.
• Minimal documentation – All that’s required is basic business details and owner identification like a valid passport. No extra paperwork to submit or fax.
• Mobile friendly – The entire signup process from any device with an internet connection means you can open an account from anywhere at any time.
• Cutting edge security – The Kingdom Bank employs bank-grade encryption and two-factor authentication to ensure accounts are secure while allowing for lightning-fast digital onboarding.
• No branches needed – As a fully digital bank, The Kingdom Bank has no physical infrastructure expenses which allows it to pass the cost savings to customers through perks like instant account openings.

Only The Kingdom Bank provides a true instant digital experience from start to finish when opening an online business bank account. No other banks can match our fully-online, real-time verification and onboarding process.

Which Bank Opens a Business Account the Quickest?

Out of all the options for opening an online business bank account, The Kingdom Bank without a doubt opens accounts the fastest. Traditional banks simply cannot compete with The Kingdom Bank’s completely digital, instant onboarding system.

On average, most other banks take anywhere from 5-10 business days to fully open a physical or online business checking account once paperwork is submitted due to manual review periods. Some may advertise “open in as little as 1-2 days” but usually that is only after submitting documentation by mail first.

Meanwhile, The Kingdom Bank can have your account set up and activated in under 10 minutes – often less than the time it takes just to fill out a physical application elsewhere! This is because The Kingdom Bank removed all bottlenecks through its exclusive digital identity verification and online account opening workflow:

• No physical branches mean no lines or limited hours of operation
• No paperwork mailing delays things down significantly
• Built for mobile, you can sign up from anywhere at any time
• Phone number identity proofing is instantly verified rather than review periods

Simply put, no other bank in the world allows a small business owner to open a full-featured bank account for their company as effortlessly and quickly as The Kingdom Bank. Our industry-leading model is unmatched for instant digital access to banking services.

Can I Start Using the Opened Business Account Immediately?

With The Kingdom Bank, you can start using your newly opened online business bank account instantly without delay. This is a huge advantage over traditional banks where there can be waiting periods before account access and features are activated.

Once signed up and verified with The Kingdom Bank, your account is live and ready to manage money immediately. You can get to work:

• Depositing funds electronically or via debit card without holding periods
• Paying vendors, employees and bills online
• Transferring money internationally between business bank accounts in different countries (more on this later)
• Tracking expenses with a built-in accounting system
• Accepting and sending invoices digitally
• Getting a business debit card for purchases delivered within days

Essentially, your The Kingdom Bank business account comes “ready-to-go” instantly after opening. No more multi-day waits or hassling with activation. Because the entire process is digital, your account verifies and activates in minutes versus days with traditional banks. This is a huge boost for cash flow and financial management convenience.

How to Send Money Internationally With an Online Business Account?

For many small businesses that operate globally, easily sending and receiving international money transfers between bank accounts is essential. With The Kingdom Bank, you unlock simple, affordable cross-border payments right from your online business account dashboard.

Whether it’s paying foreign suppliers, receiving international sales revenue, or transferring funds between offices across borders, The Kingdom Bank supports transferring money to bank accounts worldwide. Here’s a quick overview of how it works:

• Log into your The Kingdom Bank account and select “Transfers”
• Choose “International” and enter destination bank account details
• Review applicable exchange rates and schedule transfer date
• Fund transfer from your business balance and submit
• Money arrives within 1-3 business days, depending on location

Transfer fees are low and transparent. Exchange rates are very competitive too versus wire services. Destinations include Asia, Europe, South America – pretty much anywhere globally.

This allows small companies to receive and disburse money internationally as easily as domestic wires. No more relying on intermediaries or dealing with high wire fees. Digital cross-border banking is now simplified through The Kingdom Bank.

Your online business really can be global, all with the convenience of one single international business bank account.

In today’s digital business landscape, having a full-featured online bank account that allows for instant access and seamless international operations is critical for small companies. With The Kingdom Bank, you gain that advantage and more through our revolutionary approach to completely digital business banking.

Opening an account takes just minutes from anywhere using your device of choice. Immediately utilize features for accounting, transfers and more from The Kingdom Bank’s powerful online banking dashboard. No matter where your company does business globally, The Kingdom Bank simplifies international payments at the click of a button.

Try out our award-winning digital business banking platform risk-free today to experience the future of seamless online banking for small business owners on the go. Visit The Kingdom Bank now to open your new business account!