Open business account review

Snapshot

Open, at open.money, is an Indian business finance platform that connects existing current accounts into one dashboard and adds invoicing, payments and reconciliation. It is a financial technology platform that works with partner banks, not a bank in its own right.

Who it suits
Indian small and medium businesses, startups and freelancers
Broadly available in
India
Headline monthly fee
Free tier offered, paid plans in Indian rupees, verify current pricing
Account type
Business finance and connected banking platform, not a bank
Fees and features as of 8 June 2026Last reviewed 8 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 8 June 2026, Open is a business finance platform for Indian companies, reachable at open.money. It connects current accounts held at multiple banks into one workspace and layers on GST compliant invoicing with payment links, payments and payouts, expense management and automated reconciliation. It is not itself a bank, so the underlying deposit account sits with a partner bank. Open is focused on India and does not market a business account outside India. Confirm current features and pricing with the provider.

Overview

Open was founded in 2017 and built a business finance platform aimed at small and medium companies, startups and freelancers in India. Rather than holding deposits itself, it sits on top of current accounts from partner banks and pulls them into a single dashboard so a business can see balances, raise invoices, collect and make payments and reconcile transactions in one place. Over time the platform has added finance automation features for receivables, payables and reconciliation. Because Open is a technology layer rather than a licensed bank, the account that holds your money is provided by a partner bank, and the exact setup can change, so confirm the current structure with the provider as of 8 June 2026.

Strengths

Open brings several day to day finance tasks into one place for an Indian business. It supports GST compliant invoicing with built in payment links, payments and payouts to suppliers and staff, expense tracking and automated matching of payments to invoices, which can cut manual reconciliation. Linking more than one current account into a single view can suit a company that already banks with several institutions. These are workflow strengths rather than claims about deposit pricing, which sits with the partner bank.

Limitations

Open serves India only, so it does not help a business that banks outside India as of 8 June 2026. Because it is not a bank, the deposit relationship, protection and account terms come from the partner bank, and you should read those terms separately. Pricing is split across tiers and changes over time, and some automation features sit on paid plans. Confirm the current plan, pricing and partner bank arrangements with the provider before relying on them.

Fees and features

All figures as of 8 June 2026. Verify current terms with Open.
Monthly feeFree tier offered, paid plans priced in Indian rupees, confirm current pricing with the provider
Transaction feesPayment and payout charges apply and vary by method, unclear, verify with the provider
FX feesCurrency conversion depends on the partner bank, unclear, verify with the provider
Minimum depositSet by the partner bank, verify with the provider
Multi currencyPrimarily Indian rupee, verify multi currency support with the provider
IntegrationsAccounting, tax and payroll tools, plus links to multiple bank accounts
EligibilityIndian registered businesses, startups and freelancers, verify with the provider

Get started with Open

Open is focused on India. Check the current plans, pricing and partner bank arrangements on the provider site, then confirm the terms before you sign up. Shown as of 8 June 2026.

Visit Open →

Where Open operates

Questions about Open

Is Open a bank?
No. Open, at open.money, is a business finance platform for Indian companies that connects existing current accounts and adds invoicing, payments and reconciliation. The deposit account itself sits with a partner bank. Verify the current setup with the provider, as of 8 June 2026.
Which countries does Open serve?
Open is focused on India and serves Indian small and medium businesses, startups and freelancers. As of 8 June 2026 it does not market a business account outside India. Confirm availability with the provider.
How much does Open cost?
Open has offered a free tier with paid plans priced in Indian rupees. Exact pricing is unclear and changes over time, so confirm current pricing with the provider, as of 8 June 2026.
What can a business do with Open?
Open links current accounts from multiple banks into one dashboard and adds GST compliant invoicing with payment links, payments and payouts, expense management and automated reconciliation. Features vary by plan, so confirm with the provider as of 8 June 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 June 2026. Confirm current terms with Open before applying.

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