Digital account for MEI: 3 best options

Nowadays, having a bank account is becoming less bureaucratic thanks to the numerous online options. A digital account for MEIs (Individual Microentrepreneurs) becomes very practical, especially for these individual microentrepreneurs who, despite not being required to use a legal bank account, have the option of keeping their finances separate.

What is a digital account?

A digital account is a type of bank checking account where a person can manage their finances entirely online. In most cases, this account isn't linked to a physical bank, so any situation can be resolved online.

The difference with this account is its convenience and lack of bureaucracy. It allows you to access the same services as a traditional bank, such as transfers, deposits, and bill payments, but without the fees and hassle.

It's a very interesting option for those who don't have much time to go in person to resolve their issues and prefer remote service. It's also interesting for those who don't want to pay the monthly service fees charged by traditional banks.

What are the advantages of a digital account?

In summary, the advantages of a digital account are as follows:

No queues to make bank transactions;
Agents who provide assistance through different, easily accessible channels;
No fees or annual fees;
Most of the time, it also provides a credit card;
You can control all your finances through the app, which notifies you immediately when a transaction is confirmed;
Most digital banks already have easy-to-use online investment options;
And many others.

Other benefits can be obtained from the bank you choose, for example, the possibility of making international transactions, or earning miles on the credit card linked to that account.

Why is a digital account interesting for MEIs?

A digital account can be very interesting for MEIs, as it allows them to have all of the aforementioned facilities when solving problems.

Those who embark on the journey of individual microentrepreneurship need to take care of many details, most of them without help from anyone else, so the more problems that can be resolved with fewer complicated procedures, the better.

Managing your business, for example, can be a challenge, especially for those taking their first steps in the world of entrepreneurship.

The costs of hiring different tools, software, purchasing products, and other details involved in your negotiations also play a significant role in this decision.

From the moment a bank account, which is so important in anyone's daily life, offers convenience, zero fees, financial autonomy, and all the benefits already mentioned, newcomers to the competitive world of commerce have more time to take care of other demands.

For this reason, a digital account for MEI can be a strategic decision.

3 digital account options for MEI

With that in mind, we've selected three digital account options for MEIs to help you make that decision. Check them out below:

Nubank Business Account

You've probably heard of the famous "purple" bank. With an overwhelming online presence, Nubank has gained followers from all walks of life, almost regardless of income, providing opportunities for more people to have an active financial life.

To open a legal digital account at Nubank, first, you need to have a physical account. Then, within the app itself, you can request an exchange, very conveniently.

eC6 Bank MEI

The digital bank C6 has also won the hearts of many people for offering all the advantages mentioned and being one of the easiest to approve credit and card machines with no annual fee.

It has the option of a digital account for MEI, which is also very easy to use and even easier to request.

Inter's MEI digital account

The digital account option for MEIs is also available at the online bank Inter, which is gaining more users every day. This option is also available to existing customers with a physical account, and just like the C6 bank's corporate account, the user has access to a credit card.

Take care of your finances

It's always important to be mindful of your finances; after all, it's very easy to get lost among so many options, especially credit cards.

Individual microentrepreneurs, especially at the beginning of their venture, are likely to have new expenses to pay and may end up mixing personal and business accounts.

If some precautions are not taken, problems can occur and the situation can quickly get out of control.

As a bonus, check out some essential tips for maintaining your personal and company's financial health with good practices:

Have a financial planning;
Separate personal accounts and company accounts;
Do not delay payments to avoid interest;
Study financial control and, if possible, get personalized consultancy;
Keep your transactions recorded and check them whenever possible;
Remember: your company needs cash flow. Have a pro-labore;
Study about cash flow;
Take time to make budgets before making purchases and try to eliminate unnecessary expenses;
Define the working capital required for your company (an emergency reserve);
Set financial objectives—or goals—for your business. This will give you a clearer vision for growth.

Did that make sense to you?

A company's financial situation is directly linked to its survival in the market. Take some time to consider these details, from the possibility of creating a digital account to following the 10 tips in the final section of this post.

May this content drive you to grow more and more financially!

digital account digital account for MEI Nubank corporate account

Nathalia P. Silva 11 de September de 2021