LPBank has unveiled a new account package, "Omni Account - Comprehensive Prosperity", designed to significantly reduce operational costs for businesses, particularly small and medium-sized enterprises (SMEs). This initiative aims to provide robust support for managing cash flow and enhancing overall operational efficiency.

A key feature of the "Omni Account" is the complete waiver of 100% of domestic and international transfer fees. This policy covers all types of transactions: internal and interbank transfers via LPBank Biz, fast money transfers through Napas at branches, off-system transfers, and both outgoing and incoming international transfers. Correspondent bank charges are excluded.

LPBank has also eliminated numerous other operating fees, bringing them to zero. These include account management fees, the annual fee for LPBank Biz e-banking services, online transfer fees, payroll processing, electronic tax and customs payments, bill payments, and virtual or identified account services. These substantial cost savings can be reinvested by businesses, thereby boosting their competitiveness.

The "Omni Account - Comprehensive Prosperity" product. Photo: LPBank

The "Omni Account - Comprehensive Prosperity" product. Photo: LPBank

Beyond fee waivers, the "Omni Account" integrates powerful financial management tools. Businesses can opt for customized account numbers to enhance brand recognition. They can also manage cash flow flexibly through a system of virtual or identified accounts, all synchronized within LPBank Biz. This functionality allows for real-time cash flow tracking, transparent income and expenditure management, and simplified accounting processes.

To encourage adoption, LPBank offers an accessible preferential policy for new customers: all fees are waived for the first six months without any conditions. After this initial period, businesses only need to maintain an average balance of 50 million dong for three consecutive months to continue enjoying the fee waiver.

According to a bank representative, the product was developed in response to rising operating costs, especially for SMEs. It serves as a crucial tool for cash flow management, helping businesses achieve cost savings and improve operational effectiveness. The "one-touch" design of the product integrates fee incentives and management utilities tailored to current business needs. The end of the year, a peak period for businesses with increased orders and payments, often creates significant pressure on cash flow due to expenditures like raw materials, logistics, taxes, and salaries. This demand highlights the need for financial solutions that enable quick, secure, and cost-optimized transaction processing, particularly for SMEs.

LPBank developed the "Omni Account - Comprehensive Prosperity" to help businesses proactively manage cash flow and reduce service costs. A bank representative emphasized that businesses now require not just loan capital, but also flexible, cost-effective, and user-friendly operational solutions. The product is envisioned as a "financial assistant" that enables businesses to manage costs more efficiently, especially during busy seasons. This solution aligns with LPBank's broader digitalization strategy. Leveraging the LPBank Biz platform and its extensive transaction network, the bank is building a digital financial ecosystem to provide businesses with real-time cash flow monitoring, transparent income and expenditure, and streamlined accounting.

The implementation of financial management solutions such as the "Omni Account - Comprehensive Prosperity" demonstrates LPBank's commitment to supporting businesses. By helping them save costs, enhance operational efficiency, and maintain stability during peak periods, LPBank reinforces its role as a valuable partner.

Hoang Dan