Contents.
What Is a Bank Account?
Almost everyone has a bank card nowadays. But people rarely think about the account behind it - even though it’s the key financial tool enabling all your monetary operations.
“A bank account is a record in a bank reflecting the client’s funds and mutual obligations between the bank, its clients, and counterparties. It allows for making payments, storing money, and conducting transactions via the bank’s payment systems.”
In essence, a bank account is your unique financial identifier. It’s tied to your name and ensures that your money belongs only to you. In today’s world, living without a bank account is like living without a smartphone - technically possible, but needlessly complicated.
Types of Bank Accounts
Want to pay with a wave of your card? Need a secure way to save money or access credit funds? Or looking for a business-friendly solution? There are many types of bank accounts, each serving a specific purpose: some help you receive your salary, others let you save and grow your money, while some provide access to international financial operations.
Under Ukrainian law, the following types of bank accounts are defined:
- current account;
- deposit account;
- current account type “H”;
- current account type “P”;
- account for a foreign representative office or international organization;
- account of a non-resident conducting investment activity;
- election fund account;
- UEFA current account.
Let’s take a closer look at the most common types of bank accounts that might be useful for you.
Current Account: Everyday Convenience
Settlement Account: For Entrepreneurs and Businesses
If you need an account to run your business, a settlement account is the ideal choice. It allows you to receive payments, settle with partners, pay salaries, and manage your finances efficiently. Transactions can be monitored in real time, and the account is fully manageable online.
Deposit Account: Let Your Money Work for You
Instead of just storing money in what seems like a safe place, you can make it grow. A deposit account lets you earn income through interest rates. You can view deposit terms and choose the best option online. Just open an account in the app and watch your capital grow.
Credit Account: Financial Freedom
A credit account gives you access to funds even when your own money runs out. It’s a convenient tool for big purchases, travel, or just in case. At GlobusPlus, you can check your credit limit and repay your debt fully online - no paperwork or bureaucracy.
What Are Bank Account Details and What Do They Include?
Hopefully, you now have a clear understanding of what a bank account is. But that’s just the beginning - now it’s time to explore account details.
Bank account details are a set of unique identifiers used for non-cash transfers and deposits into a client’s account. If a bank account is your personal financial space, then the details are the keys to it. They ensure accurate payment processing, transaction security, and enable transfers at any time.
Details are always unique - they identify the account owner and ensure correct transaction execution. Without them, you can’t transfer money, pay bills, or even receive a salary. Account details typically include:
- account holder’s name;
- account number;
- payment purpose;
- bank name and address;
- IBAN (International Bank Account Number);
- MFO (bank code - national financial institution identifier);
- SWIFT code (for international payments).
Now that bank account types and their details are no longer a mystery, one final question remains - how to open an account. Let’s explore that next.
How to Open a Bank Account with GlobusPlus
The answer to “how to open a bank account?” is the first step toward responsible financial management. GlobusPlus makes this process as simple as possible.Steps to open a bank account at Globus Bank:
- Download the GlobusPlus app and register using Diia.Signature, BankID, or document photo.
- Go to the "Other" tab and select the “Cards” section.
- Click the “New Card” button.
- You’ll see three options: add a card from another bank, scan an existing plastic card for activation, or open a new card. We’re interested in the last one. GlobusPlus offers cards for every occasion, so you’ll find what you need.
- View the card’s terms directly in the app. If everything suits you, click “Continue” and wait for confirmation.
- Activate your new card and make your first purchase — treat yourself, you’ve completed all six steps and deserve it!
You can open an account anytime without visiting a branch — all types of accounts are available online via the GlobusPlus app. You can also open a deposit account, so your funds don’t just sit on the card but grow actively. The process is equally simple:
- In the app, go to the “Deposits” tab.
- Click “Open Deposit.”
- Globus Bank offers deposits in UAH, USD, and EUR — choose your preferred currency. You’ll also see all deposit details such as terms, interest rates, and contract templates.
- You can use the deposit calculator to estimate your future income.
- Click “Open Deposit,” transfer your desired amount, and start growing your wealth.
From now on, a bank account won’t just be a long string of numbers - it will be a tool for fast, secure, and efficient money management. Financial comfort isn’t a luxury - it’s a necessity. GlobusPlus will help you achieve it, so you’re always in the plus.
