Start-ups: how do you choose between a neobank and a professional bank?

Startup: choose between a neobank and a traditional bank to open an online business account?

France is increasingly asserting itself as a country of startups. Witness the presence at CES 2017 of 275 startups, making it the third most represented country behind the USA and China. If you're setting up a startup and need a pro account, Anytime can help you choose between a pro neobank and a traditional pro bank.

What status for a startup?

It's important to choose the right legal status for your startup.

A start-up often brings together several founders, and sometimes even investors, from the outset, so it's essential to opt for a multi-person company.

Because of the risks involved in setting up a business, we advise you to choose a legal status that does not involve liability for your personal assets.

Select a flexible legal form that allows shareholders to join or leave the company.

We recommend that you choose SAS status for the following reasons: + There is no limit on the number of associates (2 minimum), and you can easily add or remove associates. + The amount of share capital is free, with no minimum ceiling. + The share capital can be made up of different categories of shares, with different rights. + A chairman is automatically appointed when the company is created, and you are then free to organize management, with a board of directors, managing directors, etc. + You are liable only for your contributions. + The organization's various articles of association can be set freely by the partners.

We do not recommend the following types of status: + Sole propri etorship, because you cannot have any partners and you are committed to all your personal assets. + SARL status:...o you are limited to 100 associates, which can pose problems in the long term. ...o share capital is divided into company shares, with no possibility of choosing different categories of shares ...o you are obliged to appoint a manager, and cannot choose any other form of control. ...o procedures for capital increases or transfers of company shares are rigid (registered mail, meetings of all associates and votes).

Deposit a startup's share capital in an online business account

If you've chosen to set up a startup in an SAS, you'll need to open a business account to obtain a certificate of capital deposit. This certificate is required to register your company with the Chamber of Commerce.

With a professional neobank like Anytime, you can obtain a certificate of deposit in just a few clicks, without having to go anywhere.

You need to fill in an online application form, and provide the following supporting documents: + proof of identity + proof of address dated less than 3 months, in your name and showing your home address (electricity bill, gas bill, water bill, last tax assessment, fixed-line or ADSL telephone bill) + a copy of the lease for your company's registered office + information about your new company and its directors (articles of association, shareholders' identity documents).

Anytime then gives you the bank details of the notary's escrow account, to which you can transfer the money corresponding to the amount of your share capital. On receipt of the funds, a capital deposit receipt is immediately emailed to you. This enables you to finalize your application for registration with the Registre du Commerce et des Sociétés.

Once your startup has been registered, you need to send Anytime the Kbis, which will finalize the opening of your pro account. Anytime then transfers your share capital, which is now available to you.

Choosing between a bank and a neobank to open a business account when launching a startup

Because of the particular way in which a startup operates, the question of whether to choose a traditional bank or a neobank arises.

All business banks offer packages including a business account, means of payment (Mastercard or Visa cards, RIB, IBAN) and management of your business accounts (consultation, bank statements, insurance). In addition, you can benefit from collection and credit solutions, a personal advisor and a checkbook.

We recommend that you choose a traditional pro bank for your start-up only if you're planning to apply for credit facilities, or if you're planning to borrow. But you should know that in 99% of cases, pro banks won't lend to companies unable to provide at least their last 3 balance sheets.

The advantages of a pro neobank when running a startup

Choosing a neobank like Anytime for a start-up seems to us to be a great solution, for the following reasons.

  • Startups are by nature flexible, modern and autonomous businesses. It's in their DNA to choose a fully digital solution that can be customized to their needs.
  • Setting up a start-up is an ambitious project that takes time. By choosing a neo-banque pro, you can cut down on wasted time, as registration takes just a few minutes. Everything can be done in three clicks, at any time of the day or night.
  • The conditions for obtaining a business account with Anytime are extremely flexible: you don't need a fixed income or a minimum turnover. There's no credit check. And unlike a traditional bank, you won't be asked to prepare a business plan, which is by its very nature designed to evolve over time.
  • The management fees for a pro account with a neobank are reduced. This allows you to save cash for what's most important: launching your startup.
  • With Anytime, you can order up to 200 plastic Mastercards per pro account and manage your company's expenses efficiently by budget.
  • Practical tools to manage or develop your sales

Pro neobanks are constantly innovating, offering tailor-made services to modern entrepreneurs to facilitate their activities and simply manage their business accounts.

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