You Technologies Group strikes again with their new financial product YouBiz.
After their huge success with YouTrip, this new product is designed to help small businesses streamline their business payments, especially with other overseas businesses
How you may ask? 🤔
Apart from allowing companies to manage expenses in up to nine currencies with zero foreign currency transaction fees, companies can earn unlimited 1% cashback on all spending using the YouBiz corporate card. 🤯
The setup is quick and easy, with zero hidden fees.
This card is perfect for any small to medium businesses that have regular transactions with other overseas entities, who want a simple and easy-to-use payment platform.
If that is your company, you must read on to find out more!
Sign up at https://biz.you.co/register?promo-code=YFZAB1GA, or use our referral code YFZAB1GA.
You’ll get S$50 when you spend at least S$5 with your card within 90 days after account approval.
Get 1% Unlimited Cashback Using The YouBiz Corporate Card
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There is no better feeling than getting back some of the money you are going to spend anyway. 💰
With this card, you will receive the best unlimited cashback rate in the market.
However, take note of the types of transactions that are not eligible for cashback.
YouBiz cards are accepted at any Mastercard acceptance point worldwide, so you will have no trouble with your foreign transactions.
Manage Your Business Account With Up To 9 Different Currencies
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Does your business transact with many other foreign businesses?
If you do, YouBiz is perfect for you.
With YouBiz, businesses can receive funds in nine currencies at no cost.
Furthermore, your business expenses in foreign currencies only incur a 0.1 to 0.4% difference from the wholesale exchange rate.
This is by far the best in class FX rates in the market!
The Setup Process To Start A YouBiz Business Account
Opening a business account with traditional banks can be a hassle.
But with YouBiz, the sign-up is simple and quick⌛
Simply use your Singpass (MyInfo Business) to auto-fill the signup form.
Wait for an email confirmation that will be sent within 1 to 2 business days.
(Pro Tip: Head over to this link to sign up, and get S$50 when you spend at least S$5 with your card within 90 days after account approval.)
There you go, you are all good and ready to go. 🙂
Zero Annual Fees Required For YouBiz And Seamless Financial Management
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Unlike traditional corporate accounts, YouBiz does not charge annual fees to keep your account open.
Open up to 30 accounts for your different budgetary needs.
The Youbiz card operates like a debit card, where you can create multiple virtual debit cards for your team.
No matter the size of your team, you can have unlimited virtual cards and choose an account that each card will draw from.
Top up funds into your account and never be afraid of overspending or having the card stolen.
How To Activate YouBiz Card?
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If you have created a virtual card, there is no additional step required to activate it.
It can be used immediately!
But if you had made a physical card, you have to activate it by going to your YouBiz dashboard.
Then navigate to the cards tab and then find the “Activate Card” button.
Set a pin to use for overseas cash withdrawal and voila, you can start using the card. 💳
Earn Interest On Your Current Account With Wise
Fortunately, there are no rules against having multiple business accounts.
Enter Wise!
Wise has recently added a new “Interest” feature to their product.
Receive daily returns on your balance based on a 3.32% and 4.42% annualised rate for your SGD and USD accounts respectively.
However, do take note that there are some fees involved:
| SGD Account | USD Account | |
| Wise Annual Fee | 0.43%, including 9% GST | 0.25%, including 9% GST |
| Fund Manager Fee | 0.25% | 0.60% |
But good news!
The feature is currently in beta, so you will not be charged the wise annual fee.
So, get started with your wise account (use this link for a fee-free transfer on the first 900 SGD) and make your money work more for you.
Find Ways To Maximise Your Dollars As A Small Business
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It is not easy to run a business, especially with a tighter cash flow as a small business.
Thus, such new financial products always offer an opportunity for businesses to get the best value out of it.
Over here, we have demonstrated a simple way to start a business current account(s) that can earn interest, while also receiving cashback on spending.
Such efforts go a long way to stretch every dollar and every dollar earned is 1 more you can invest into your future business
Sign up at https://biz.you.co/register?promo-code=YFZAB1GA, or use our referral code YFZAB1GA.
You’ll get S$50 when you spend at least S$5 with your card within 90 days after account approval.
Related to Youbiz:
YouTrip Promo Code 2024 $5: More Money Than Arcade (Card Review)
