Should I open a Fintech or Traditional Bank Account for my financial / business account?
Try to figure out what you’ll need in the future for your business finances and evaluate both financial providers.
The type of financial or business bank account you open is determined by your business needs.
We created a summary of their differences to guide you further:
Fintech (financial technology) is a new type of technology that automates and optimizes the delivery of financial services in order to provide clients with a more seamless and comfortable banking experience.
A financial institution that is licensed to receive deposits from its customers is known as traditional banking. This type of institution provides financial risk management and security.