BCA

Q: What does BCA stand for?

BCA stands for Business Current Account. A Business Current Account is a bank account held by a business entity.

Q: How does BCA relate to Open Banking?

Business Current Account is a key concept in the Open Banking ecosystem, falling under the Products category. A Business Current Account is a bank account held by a business entity. BCAs for SMEs are included in Open Banking mandates, enabling business financial management tools and lending products based on transaction data.

Products

Business Current Account

Definition

A Business Current Account is a bank account held by a business entity. BCAs for SMEs are included in Open Banking mandates, enabling business financial management tools and lending products based on transaction data.

Related Terms

PCA

Personal Current AccountA Personal Current Account is a bank account held by an individual for personal use. PCAs are a prim...

SME

Small and Medium-sized EnterprisesSmall and medium-sized enterprises by scale of business, as defined by the CMA, with a turnover less...

Frequently Asked Questions

What is Business Current Account?

What does BCA stand for in Open Banking?

BCA stands for Business Current Account. It is a fundamental concept in Open Banking and PSD2 regulations. A Business Current Account is a bank account held by a business entity. BCAs for SMEs are included in Open Banking mandates, enabling business financial management tools and lending products based on transaction data.

More Products Terms

PCA

Personal Current AccountA Personal Current Account is a bank account held by an individual for personal use. PCAs are a prim...

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BCA