In France, the number of entrepreneurs has exploded since the launch of the French Tech initiative in 2013. In 2021 alone, there are no fewer of one million sole proprietorships created in France. Artisans, traders, farmers, startuppers, liberal professionals are joining the ranks of entrepreneurship en masse.
However, all of these people need a checking account as soon as they declare more 10,000 euros of income for 2 consecutive years. The offer is wide and it is not easy to navigate. Among the online banks that lend themselves well to this we find Hello bank! and its formula Hi Business.
This formula dedicated to micro-entrepreneurs and other individual entrepreneurs has been very successful since its launch. In addition to the current account and credit card, Hello Business aims to be a global answer to all the financial and administrative problems of entrepreneurs. The bank offers its professional customers a range of products ranging from credit to mobile TPE, a billing management tool and even multi-risk insurance.
The Hello Business formula is accessible without conditions or long-term commitments, at a cost of 10.90 euros excluding taxes per month. At this time and until November 30, 2022, it also offers a two-month subscription. You just have to be of legal age, reside in France and have a valid SIREN.
An account and a credit card
Hello bank! it remains above all a banking institution and that is why Hello Business is mainly based on a current account and a bank card. The latter is very flexible compared to a private card: payments and withdrawals are free and unlimited both in euros and in foreign currencies. For those who work or have a source of supply outside the EU area, Hello Business knows how to meet your needs. Instant transfers are also free and unlimited.
If Hello bank! it is an “online” bank, however it maintains a physical presence thanks to the 2,200 branches of the BNP Paribas network. Bank for Entrepreneurs allows entrepreneurs to deposit checks and cash in ATMs, which has become rare. With neobanks or other online banks for professionals, this option is not even available anymore.
Always to help its customers, Hello bank! it has also facilitated cash management: the credit card can be charged, which offers more freedom in managing funds. You will thus be able to be deducted from all your expenses at the end of the month, once the receipts have been issued. If you have any questions, the bank’s customer support has priority for Hello Business customers.
When you’re a pro, you want to be treated… like a pro.
— Hello bank! France (@Hellobank_fr) October 27, 2022
Other than bank
As a self-employed person, you’re likely required to manage quotes and invoices yourself, which isn’t always the easiest thing to do. Above all, it is an activity that can take a long time if it is not carried out in a very conscientious and precise way. The Hello Business account accompanies you with a tool “My Business Assistant Begins” (developed internally by BNP Paribas) which offers a structure in the management of invoices. It’s streamlined software ideal for managing your daily accounts and is included in your subscription.
For receipts, the online bank has developed a solution for all credit card payments: Hello Pay Pro. Instead of systematically rejecting card payments, you have the option of equipping yourself with a mobile EPT that will allow you to accept payments via your smartphone (and Bluetooth connection and 4G). Hello bank! charges 1.60% including tax on each transaction, the amount of which will be transferred to your account on D+1.
Finally, if you need even more flexibility in financial management, Hello Business gives you access to two options: an overdraft (equivalent to an authorized overdraft) of €1,550 and a professional credit line of up to €25,000.
To discover the pro offer, it’s here: