The Zempler Business Go bank account is an innovative, 24/7 online banking current account. It’s designed with ease of use in mind, and the expedited application process makes it fast and easy to sign up.
It’s a different option for businesses looking to move away from the bigger banks, and with over 1.6 million customers using Zempler, it appears to already be making some big waves.
In this article, we’ll examine the Zempler business bank account’s offerings to customers and some of the pros and cons of using this banking solution.
What is the Zempler Business Go bank account?
The Zempler business bank account is a type of online banking for businesses. Unlike traditional banking, there isn’t a brick-and-mortar bank to go to.
Instead, you can access your account through an application on your online device, which is available 24/7.
It provides you with a standard debit MasterCard so that you can perform your banking transactions normally. It also includes a UK-based customer service team to handle any queries you might have about your account.
Your business can add up to 20 additional cards to the account so that colleagues and staff members can access business funds when required.
Other useful aspects of the Zempler business bank account are the ability to use Faster Payments, use the Post Office for transactions, and seamlessly integrate with popular accounting software, such as FreeAgent.
Zempler is a fully regulated British bank, so your deposits are fully protected under the FSCS scheme.
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Pricing for the Zempler Business Go bank account
The Business Go account is free.
Certain transactions, such as Post Office transactions and ATM cash withdrawals, incur pay-as-you-use fees. However, they offer 3 free transactions per month, and after that, it’s 30p per transaction.
One of the most significant benefits of the Zempler business bank account is its rich list of features that make business banking a little easier. Below are some of the most valuable features:
Instant account number and sort code
As the Zempler platform is fully digital, the company provides you with a sort code and account number instantly. This means you can make and receive payments as soon as you sign up.
Integration with accounting software and other bank accounts
Your Zempler account integrates seamlessly with accounting apps like QuickBooks, Xero and FreeAgent. You can also connect your account to your other bank accounts via Open Banking.
MasterCard
Zempler provides you with a contactless MasterCard debit card a few days after signing up with them. This is a great feature as MasterCard is accepted almost everywhere, allowing for payments at most establishments and businesses.
Fast online banking
The Zempler banking application is a dynamic and easy-to-use platform that speeds up your banking transactions.
You can instantly pay your bills, send staff their salary, or pay off contractors without waiting for confirmation from your bank.
A central hub for financial management
You can combine all of your accounts under Zempler’s unified platform, which allows you to manage all employee cards and business expense cards from a single location.
Seamless digital banking
Unsurprisingly, the Zempler business bank account is excellent for digital banking. The company places a strong emphasis on online banking, which means you have 24/7 access to your account from any online-enabled device. From within the application, you have full access to your bank balance, statements and the ability to send payments in just a few clicks.
Full fraud protection
One area where Zempler excels is its fraud protection for users. They perform 24/7 fraud monitoring on all Zempler business bank accounts to prevent fraudulent activity. Moreover, your funds (up to £85,000) are protected through the Financial Services Compensation Scheme (FSCS).
The drawbacks of choosing a Zempler Business Go account
To be objective and to help you decide whether or not the Zempler business bank account is suitable for you, take a look at the list of drawbacks below:
No way to use cheques
Money can only be transferred inside the UK
Lack of 24/7 customer support line
No way of contacting Zempler via mail
There are no physical branches.
Open a free Zempler Business Go account
You can apply for an account and have a sort code and account number within minutes.
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