UBS enables start-ups to open a business account within four days

With UBS key4 business, UBS is launching a digital offering for companies in Switzerland. In a first step, the offering is aimed at companies currently being established. Within just a short space of time, they can open a client relationship online and carry out their basic banking transactions digitally. A capital deposit account can be opened digitally and free of charge in the UBS Mobile Banking App and is immediately available. The full operational banking relationship is available four days after the required entry in the commercial register. This clearly reduces the time needed for the opening process. The basic offering of business account and business prepaid or debit card is free for the first year. In addition, companies currently being founded benefit from attractive exchange rates for payments in foreign currencies during this period.

In addition, the electronic signature will be introduced for existing corporate clients in November, which simplifies the processing of banking transactions on many levels. With the electronic signature, UBS enables corporate clients to digitally sign many more documents and with that save on paper.

As part of UBS key4 business, UBS is launching the UBS key4 business marketplace for new and existing Swiss corporate clients. The offerings include, for example, insurance products, accounting software, point of sale (POS) solutions such as the SumUp card terminal and digital payment solutions, as well as e-commerce solutions such as those from UBS TWINT or Worldline. As an ecosystem for SMEs in Switzerland, the UBS key4 business marketplace will be expanded and supplemented with further partner offerings. 

“With UBS key4 business, we offer founders as well as small and medium-sized Swiss corporate clients attractive, digital solutions and are creating an SME ecosystem with the UBS key4 business marketplace,” says Alain Conte, Head Corporate & Institutional Clients Switzerland at UBS. “We focus on the needs of our clients and want to provide them with our services as seamlessly as possible and according to their needs. Companies decide for themselves how they want to work with us – whether digitally via video consulting by a team of specialists or with in-person advice.”

(Press release / SK)