18.09.2018 21:03
How to manage the finances of your own enterprise directly on the Internet
How to use Privat24 for business - an overview of Internet banking. Photo: unsplash.com
There are now more than 80 banks in Ukraine. PrivatBank has remained one of them for many years. That is why a lot of time and effort is invested in creating new and expanding the capabilities of existing products.
Everyone has heard about Privat24 for individuals, now the service is even , but financial institutions are working hard to gain popularity as an online bank for business. To conveniently manage the finances of your own enterprise, the bank has created a separate product - Privat24 for business.
Privat24 for business: service review
The Privat24 service for business, like other bank products, is very popular in Ukraine. Last but not least, thanks to the convenient functionality, high security measures and the prevalence of the bank’s products among Ukrainians.
Home page Privat24 for business
Privat24 for business, among others, provides owners with the following opportunities:
- pay with suppliers;
- control income and costs;
- receive detailed account statements;
- pay wages;
- open deposits;
- receive urgent loans;
- Pay taxes;
- make money transfers.
In addition, customers can manage their own business finances even on their smartphones. The Privat24 application for business is available for download on the Android and iOS operating systems and is designed to always and everywhere have access to the necessary financial information.
The bank also has two additional mobile applications for other needs.
IPAY allows you to make payments via bank cards using your gadgets: smartphones or tablets. This service is especially relevant now when. The fee for accepting payments is 2.75%.
Financial Controller, another mobile product, is designed to allow you to access and control your business' financial activities at any time. Among the main features: viewing the current currency exchange rate and an archive of quotes, access to account statements and account balances, information on placed deposits and active overdrafts, with current interest rates.
Both applications are available for both Android and iOS users.
How to use Privat24 for business
The question of how to use Privat24 for business is especially relevant now, after the redesign that took place in 2017.
To register in the system you must either be registered as a legal entity or an entrepreneur (officially).
Even to use the service as a private entrepreneur, you need to obtain an electronic signature from Privat24 for private clients and be a bank client: own a card, possibly have an open deposit, use Privat24. This is necessary so that the bank has contact and personal information. You do not need to provide physical documents for this.
The registration process in the Privat24 service for legal entities is not at all complicated, although it takes a little more time than registering an individual. Actually, to register in the system you need:
- go on the website ;
- enter the mobile number that will be linked to your account;
Enter your mobile number in Privat24 for business
- You will receive a password to this number, which must be entered in a special field;
enter password
- in the form that appears, fill in the details of your company and the head of the company;
Fill in your registration details
- indicate persons with financial signature rights and click the “next” button;
Specify persons with financial signature authority
- select the type of your enterprise from the proposed options and indicate the service region.
After this, a message indicating successful registration should appear on your screen.
Basic tariffs in Privat24 for business look like this:
| Opening an account on the website pb.ua/jur (for legal entities) and pb.ua/fop (for entrepreneurs) | For free |
| Maintenance cost per month | 100 UAH ( For IT – 50 UAH ( if there are client transactions within a month) For charitable organizations – 0 UAH |
| Making payments to accounts in PrivatBank | For free |
| Making payments to other banks | 3 UAH per payment |
| Registration of instant corporate cards and “Key to Account” cards | For free |
| Withdrawal of own funds using corporate cards and “Key to Account” cards | 0.75% of withdrawal amount |
| Withdrawal of credit funds using “Key to Account” cards | 3% of withdrawal amount |
We tried to answer questions about what it is and how to use Privat24 for business. If you have any questions during the course of your work, or related specifically to your company, the service always has the opportunity to ask them to the 24-hour support service.
The Privat24 for Business service retains its dominant position in the market of banking services for entrepreneurs, but other banks do not lose hope of “promoting” it. TASKOMBANK launched TAS24 Business - its version of banking for individual entrepreneurs, small and medium-sized businesses, as well as its version of PrivatMarket. All this was created by people from PrivatBank.
The editor of the site asked the team about what the service is, how it differs from Privat24 for business, as well as about tariffs, functional features and its place in the ownership structure of TASKOMBANK.
"TAS24 Business" is positioned as an innovative banking service for micro-businesses. Among its advantages are the fact that all services can be obtained online, and the tariffs are more favorable than those of other banks.
The new banking has been operating since January of this year, gradually expanding the range of functions and products. At first, only entrepreneurs could open an account, but since March the system has become available to legal entities. The launch was not widely advertised until the testing phase of processes and operations was completed.
Around the same time as the launch of the web version, mobile applications for iOS and Android appeared. In the application, you can register in the system and open a bank account without visiting branches. In it you can view account balances and movements, create and confirm payments, control deposits, etc. Authorization in the application is possible through a code, Touch ID and Face ID.
In TAS24 Business you can connect to business services from partner companies: virtual mobile PBX, IP telephony, Bitrix24, the InCust loyalty system, the WebPush system from Kyivstar and the SkyService POS accounting system. In the near future we plan to include printing services, accounting outsourcing, document translations, verification of counterparties, submission of reports, etc.
They also made an analogue of “PrivatMarket”, which is called “TAS Market”. This is an electronic platform where entrepreneurs can expand sales channels for their goods and services. Services for card payments and customer lending are activated automatically upon registration. The site opened in January; at the end of May, 75,000 products were available on it. The launch of a tender block with the provision of online electronic guarantees for tender participants was also announced.
A month ago, we also launched the electronic document management service “TAS Doc,” which allows clients to exchange digital documents with the bank when applying for services and products, for example, when issuing loans for business development. In general, the portal can be used by anyone for free to abandon paper media and organize electronic document flow with their counterparties or within the enterprise.
"Ex-Privat members" in the service of "TASKOMBANK"
All accounts and products of TAS24 Business are contained on the balance sheet of TASKOMBANK and are integrated into its system, that is, they work in accordance with the bank’s operating day and in cooperation with its divisions and services. However, the team develops and promotes the project autonomously - TAS24 Business has its own IT department, its own operations center, dedicated customer support, etc.
“We work on behalf of TASCOMBANK. At the same time, initially understanding that we needed new products and processes for providing them, adapted specifically for online, we did not take the bank’s existing product line and service processes, but essentially re-created them, with new properties and requirements,” explained the Deputy Chairman of the Board TASKOMBANK Alexander Nikolenko, who manages the TAS24 Business and TAS Market projects.
Until April 2017, Alexander Nikolenko was in charge of servicing small and medium-sized businesses at PrivatBank (SME Business Department). Accordingly, his team at TAS24 Business consists mainly of “Privat members” - employees whom he led at PrivatBank over the past 5 years - deputies and representatives of the main product areas, as well as part of the Privat24 for Business developers.
“We started with 15 exclusively “Privat” employees, half of whom were IT specialists. This “business/IT” proportion has remained to this day, but now there are already 50 of us at the head office - during the year new managers and developers joined us, including from Privat. Regional sales network, which already has 35 specialists, 90% of them are also from there..
"TAS24 business" vs "Privat24 for business"
“TAS24 Business” looks very similar to “Privat24 for business”. The banking interface is made in a flat design, the functionality is also built according to a structure similar to “Privat24 for Business” in a new design launched relatively recently.
“TAS24 Business” differs from “Privat24 for Business” not in the UX/UI of the system itself, but rather in the way the processes are built.
“No matter how popular Privat24 for business is, it is still a very old and clumsy development. During the period of my leadership of SME, we had to “patch it up” rather than radically remodel it - there was almost no time or resource left for this. Nevertheless, a new version was developed in parallel and, probably, continues to be developed after my departure. But I haven't seen any significant changes there over the past year. Therefore, we tried to put everything that we knew about customer experience and the need for modifications in existing solutions on the market into a new Internet banking system here, from scratch,” says Nikolenko.
So in TAS24 Business, as in Monobank, the user can independently register with the client bank and open an account, and only then the bank activates this account: identifies the client and performs other mandatory procedures. Activation of the account and issuance of a business card linked to it is carried out without the need to visit the branch - all information is collected through an electronic form at the client bank itself in 5 minutes. And for a one-time signing of documents, a bank representative is sent to the client’s office or any place convenient for him.
“Absolutely all our products and services are issued electronically - you can become our client from anywhere in Ukraine. In other banks, with rare exceptions, you first need to visit a branch, open an account, and only then register with the client bank, which most often also requires an in-person visit to the bank branch. This whole procedure lasts for days and even weeks. Need any more products? Go to the department again,” Nikolenko comments.
Rates
According to TAS24 Business, compared to PrivatBank and other banks, the service is on average 20-25% cheaper. This was achieved by simplifying the tariff schedule - TAS removed hidden additional fees, such as for cash withdrawals, which for competitors may vary depending on the situation.
“If we write 0.75% for withdrawing your own funds in Ukraine, then it is 0.75% everywhere - even at an ATM, at a cash desk, at your own bank, at least in another, regardless of the amount. Other banks still usually separate withdrawal methods, divide them into “friends or foes” and add to the percentage “minimum” or “+ N UAH / dollar,” “from/to” - and so on up to a dozen variations,” says Nikolenko.
Budget payments, for example, payment of taxes, are carried out by TAS24 Business free of charge (a commission is charged at PrivatBank). They also promise not to charge additional fees for transactions during the post-operative period (usually in the evening, when banks close until the morning).
At TAS24 Business, three accounts with one number are immediately opened for each client without additional commissions - hryvnia, dollars and euros. This decision was made after one of the clients complained about an incident at another bank.
The Privat24 system for business is a specialized, unique service for legal entities and businessmen, thanks to which the client gets access to the organization’s accounts at any time, anywhere in the world. This allows you to timely make payments to suppliers and company employees, control receipts and expenses, and draw up loan agreements without visiting the bank.
Privat24 opportunities for business
Privat24 for business allows you to control expenses and income of the enterprise, carry out mutual settlements with suppliers, pay salaries to employees, transfer funds between company accounts to the accounts of other legal entities that are clients of Privatbank and other financial institutions.
In the personal account, the owner of the enterprise (authorized person) can, after receiving a payment receipt, repay the debt for housing and communal services, pay for the Internet, mobile communications. The advantage of Privat online bank is the ability to purchase tickets to the theater, bus, plane in any direction.
Login
To take advantage of all the functionality of the largest online banking service, the client must go through the registration procedure on the official website - https://client-bank.privatbank.ua/p24/login by clicking the “Register” button.
After creating an account on the site, you must go through the activation procedure. To do this, you can write to a bank employee in an online chat. After successful authorization, you can enter your personal account by entering your login and password, as well as a verification code that the security system sends to the mobile phone number specified during registration.
For more convenient access after authorization, you can download the Privat24 application for business, which can be installed on a smartphone with any operating system. You can download the installation program from the following link https://privatbank.ua/ru/apps/privat-24-business?nomob=1.
The advantage of this download method is the ability to install the application on your phone in several ways, but the most convenient and safest is scanning the QR code, which protects the user’s data as much as possible due to its uniqueness. It is impossible to fake a QR code.
Additional online banking services
To install the application on your phone, you can use the Google Play and App Store online stores, through which you can also download and install many other additional programs that will make the work of entrepreneurs easier and more efficient:
- The financial controller allows you to track the movement of funds between the company's current accounts.
- PrivatVedomost is used to control the procedure for paying wages to employees of an organization.
- Photocass is an application with which you can scan a receipt and send it to the online banking system.
- PrivatTender facilitates the procedure for participating in tenders, allows you to monitor the process and submit applications.
Privat24 for business is an Internet service that allows legal entities to be always online - to control accounts, payments, and cash receipts. The additional functionality offered by Privatbank will greatly facilitate the work of the enterprise and make it as transparent as possible.
Privat 24 is an excellent online banking that allows its customers many opportunities. This service has been operating since 2001, and is very popular in Ukraine. Privat 24 for business allows users to get round-the-clock access to their accounts and cards online in several languages.
Possibilities
This resource is very useful for businessmen who do not have time to carry financial reports with them every month. Using PrivatBank for business, you can create an account statement for the whole year and print it. The program can retain information for two years. All payments that need to be made are sent as a reminder by email or SMS.
The resource allows you to make any transfers to suppliers and employees, have control over the organization’s profits and costs, receive instant loans, and also invest money and investments.
Registration and login
To register for PrivatBank 24 for business, you must go through several stages. Initially, you should go to the web page, then click on the “Registration” link. In the window that opens, the client will see a line where he must write his cell phone number. In the next window you will need to confirm your number using a specially designed code that will be sent via SMS. 
Then the user will be taken to a page where he must provide the following information:
- Login. As a rule, the mobile number is indicated here, only without the “+” symbol. However, no one forbids you to specify a different login name.
- Mail. It is needed for business communication and correspondence.
- Code. Here you should write the most complex password, in which you need to insert numbers and Latin letters, uppercase and lowercase.
- Check. You must enter the company account in this line.
Once all information has been entered, the client creates an account. Next, with the help of support (via online chat), you need to activate your account. After these manipulations, you can log into the Privat 24 for business system.
Additional Applications
After registration and activation are left behind, it is recommended to install some applications from Privat 24 for business for legal entities on your phone for efficient work. Among the most popular applications are the following:
- Financial controller – to control the movement of money.
- PrivatVedomost - to control employee salaries.
- Photo cash register – for scanning receipts and sending them to the bank.
- PrivatTender – for people who take part in the tender. It allows you to monitor the tender online, submit price proposals, register, and so on.
- iPay – for accepting payments from Visa and MasterCard cards via telephone.
Thus, you can see that the client bank for business provides its clients with a huge number of opportunities that make their work much easier.
The key to successful business is cooperation with a reliable bank, thanks to which you can achieve the safety of your own funds. Therefore, when choosing a future partner, entrepreneurs choose reliable credit organizations that allow them to carry out a wide range of operations, have excellent service and the ability to work around the clock.
Privatbank is just such an institution that meets all the parameters described above. Its managers increase the list of services provided, establish long-term relationships with other organizations, which allows them to reduce the cost of services provided. There are not many banks on the Ukrainian market that operate 24 hours a day. Privat 24 for business for legal entities provides unique opportunities.
Login to your personal account Privat 24 for business
Service for business does not require connecting a mobile phone in order to. To register, you will need to provide a login and password. These details must be entered each time you log in, which will allow you to conveniently enter your personal account and take advantage of an extensive list of services. It is better to change your password from time to time, which will further protect you from scammers.
Services available through Privat 24 for business for legal entities
The Privat 24 service provides ample opportunities for implementing a huge number of operations. To make the services comfortable, the developers classified them into groups:
These are just some of the possibilities of the Privat 24 service for business for legal entities. As you can see, it opens up almost limitless possibilities in the field of managing funds for companies and individuals. Clear separation of functions and grouping of data makes it easy to obtain information about the movement of funds across various accounts. In addition, you can create a documentary base and exchange strict data with counterparties.
As you can see, the Privat 24 system for businesses and legal entities has many advantages. It is convenient and effective. It is not surprising that many entrepreneurs and companies work with the Privat 24 system.
