Professionalism and Credibility
Maintaining a dedicated business account adds a layer of professionalism to your SMB. It instills confidence in clients, partners, and vendors, signaling that your business is serious, organized, and committed to sound financial practices.
Legal and Tax Compliance
Separating personal and business finances is not just a good practice; it's often a legal requirement. A dedicated business account ensures compliance with tax regulations and simplifies the process of tracking and managing business-related taxes, deductions, and transactions.
Liability Protection
A dedicated business account helps protect personal assets from business-related liabilities. In the event of legal issues or financial difficulties, keeping personal and business finances separate can shield personal wealth and assets.
Efficient Financial Management
Managing business finances through a dedicated account streamlines financial operations. It provides a clear and consolidated view of your business's financial health, making tracking revenue, expenses, and profits easier. This efficiency is paramount for SMBs striving for growth and sustainability.
Tailored for Business Transactions
Onyx Private's Business Account is not just an account; it's a financial hub exclusively designed for business transactions. Operating in your business's name simplifies payments and receipts, making financial management smoother and more efficient.
Ease of Onboarding
The onboarding process with Onyx Private is designed with SMBs in mind. With a swift and straightforward digital process, businesses can open an account quickly, gaining access to the robust features Onyx offers.
Efficient Onyx Support
Onyx Private's commitment to customer satisfaction is evident in its efficient support system. Whether you need assistance with onboarding, suspect fraudulent activity, or have general inquiries, Onyx's support team is ready to provide comprehensive and timely support.
No Fees for Business Accounts¹
Financial transparency is a cornerstone of Onyx Private's offering. Unlike some banks that impose fees on maintaining business accounts, Onyx Private understands the financial challenges SMBs face and offers business accounts with no associated fees.
Integration of Personal and Business Finances
Onyx Private goes beyond offering just a business account. It recognizes the need for seamless integration of personal and business finances. Thanks to Onyx's user-friendly interface, using a single platform for personal and business finances has never been easier.
Cashback Rewards2 for Business Debit Card3
Onyx Private rewards your business transactions. Every purchase made with the business debit card earns Cashback at a rate of 1.5%, providing an added incentive for using Onyx Private's business account for your financial transactions.
For SMBs, a dedicated business account is not just a financial tool; it's a strategic investment in the growth and stability of the business. Onyx Private's Business Account emerges as a frontrunner in providing SMBs with the tools they need for efficient financial management. From onboarding simplicity to tailored business features, Onyx Private stands out as a partner committed to empowering SMBs on their financial journey. Open the door to a new era of financial management – choose Onyx Private for your SMB's dedicated business account needs.
1. Onyx is not a bank. Banking services provided by i3 Bank, Member FDIC. 2. Additional terms and conditions apply to cashback rewards. 3. The Onyx Visa® Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc.
