While there is nothing wrong with starting a business with just your personal savings, if you want it to thrive, it will become important to open a dedicated business banking account as soon as possible.
Having a dedicated deposit account for all your commercial banking needs ensures better separation between your personal and business finances while also reducing potential confusion when you’re writing up financial reports and filing taxes. Importantly, having at least one dedicated account with a digital business bank also makes transparent settlements possible, making it particularly beneficial for startups and small- and medium-sized enterprises (SMEs) that want to sustainably grow their brand.
Opening a Maya Business Deposit and making it your settlement account offers the most seamless financial experience, especially if you’re also using Maya Business’s suite of payment solutions.
To start saving with Maya Business Deposit, you’ll need to open a Maya Business account first. Create a Maya Business account today to enjoy convenient online business banking and easy settlements.
The Benefits of Opening a Maya Business Deposit Account
Choosing Maya Business Deposit as your business’s settlement account offers several benefits:
1) A Seamless Experience
Getting a Maya Business Deposit account and using that as your settlement account will give you a smooth banking experience, ensuring that funds received through your Maya in-store and online payment gateway solutions are available as soon as possible. Should there be any issues, you can simply contact Maya to get quick customer support.
2) Incredible Interest Rates
Maya Business Deposit is currently offering the highest business deposit interest rate in the Philippines at 2.5% per annum. This means that funds in your account can grow up to 25x than if you were to open an account with an average Philippines commercial bank. By choosing Maya Business Deposit, the funds that you receive from your transactions immediately start creating additional value for your business.
3) Fast and Free Transfers
One of the best reasons to choose Maya Business Deposit as your settlement account is that you can use it to send money to your partners and suppliers for free through PesoNet and InstaPay. With no fees for these services, your SME or startup can save on critical everyday transfers, allowing it to grow faster.
4) No Minimum Balance
With a Maya Deposit, you won’t have to worry about losing money in your account.
Maya Business Deposit account holders enjoy zero maintaining balance on their savings. This means better flexibility when managing funds as well as better cost optimization for your business operations.
5) Bulk Payments
One of the best reasons to choose Maya Business Deposit for your settlement account is that it lets you make bulk payments with just a few steps. This can save your business a lot of time and money when paying suppliers, partners, and employees, allowing you to spend more time and allocate more resources to productive work instead.
6) Efficient and Secure
Maya Business Deposit account holders can assign a maker, checker, and approver for transactions. By designating specific individuals in these key roles, businesses can establish a robust system of checks and balances, reducing human errors and keeping transactions secure from fraud.
7) Fully Integrated with Maya Business Manager
You can manage your Maya Business Deposit account from Maya Business Manager, the same tool used for managing your various Maya payment solutions. This means you can stay on top of your finances and track all your transactions through the customizable Maya Business Manager dashboard, making it easier to manage your business’s day-to-day operations.
How to Open a Maya Business Deposit Account
If you’re already a Maya Business solutions user, getting a Maya Business Deposit account is simple. Simply provide the following:
Simplify Settlements with Maya Business Deposit
For fast and hassle-free settlements, the Maya Business Deposit is your best option. Thanks to its seamless integration, low fees, and great features, Maya Business Deposit is the best account for business banking Philippines has to offer, not just for users of Maya business solutions but for all Philippine-based SMEs and startups who want to fully optimize their growth.
If accelerated growth is what you’re after, make sure to join the Maya 1-2-3 Grow promo. Signing up for Maya 1-2-3 Grow entitles you to huge savings, with a 1% MDR onQR Ph sales for 3 months from promo onboarding. By joining this promo, you can save about PHP 14,600 in processing fees for every PHP 1 million worth of sales.
Leveraging the 1-2-3 Grow bundle also entitles you to a Maya Flexi Loan offer as large as PHP 2 million in just 3 months or less, unlocking even more financial flexibility for your growing business. Enroll in Maya 1-2-3 Grow today and propel your business to its next chapter.
