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What Types of Bank Accounts Should a Business Have?

A crucial part of your company’s success is having the right types of bank accounts in place. Maintaining separate business bank accounts can help you stay financially organized and bolster your firm’s cash-flow management. The caveat, of course, is that having too many accounts may become overwhelming and challenging to track.  So which bank accounts […]

Is Online Business Banking Secure?

Our business and personal lives seem to be getting progressively more digital. Many companies rely on the internet to restock inventory, pay suppliers, and perform most of our banking activities.  The coronavirus crisis boosted this trend, forcing branch closures and limiting face-to-face banking options. Yet, this appears to be more than a temporary blip. According […]

Do You Need Good Credit to Open a Business Bank Account?

The first thing on a new business owner’s to-do list should be opening a business bank account. An account in your company’s name provides a separation between personal and business finances. It also establishes legitimacy in the eyes of potential customers and creditors. Most people expect lenders to scrutinize their credit history during the loan […]

Can I Link My Business Account to My Personal Account?

To keep your business banking activity separate from your non-business transactions, it is a good idea to set up a bank account in your company’s name. Whether your business and personal accounts are at the same bank or different institutions, you’ll likely be able to link them.  This makes it easier to move money where […]

5 Essential Small Business Banking Tips

Financial management is an entrepreneur’s top priority — especially when running a small, relatively new company.  Unfortunately, most small businesses fail within 10 years of opening their doors. The reason 82% of business owners gave for closing down? Cash flow management problems.  What can you do to optimize cash flow and keep better track of […]

What Is the Difference Between Business and Personal Checking Accounts?

Your business checking account is your cash flow hub — the place where revenue is deposited and expenses are paid. Though you could likely get by using your personal checking account to operate your firm, business accounts are often equipped with unique features that aren’t available with personal accounts. On the flip side, business accounts […]

Santander Bank Review 2021: Business Banking, Mobile App, & More

No matter where you do business, your banking institution needs to work for you. As one of the largest banks in the world, Santander Bank offers many services for international business transactions that can make them a major contender in the banking industry, especially if your business does any international transactions.   Santander Bank Business […]

M&T Bank Review for Small Business 2021

M&T Bank Small Business Banking With the broad range of banking services in the market today, it’s hard to find a one-size-fits-all option for small business. M&T Bank claims to offer a unique banking experience customized to the needs of your small business, but what would that really mean for you? Here’s a rundown of […]

What Is Required to Open a Business Checking Account?

The specifics of what you’ll need to open a business checking account will vary based on your company’s legal entity type. In other words, bankers will ask for significantly different documentation from a corporation than they will from someone running a small business as a sole proprietor. When filling out your application, you will likely […]

How Can I Avoid Business Overdraft Fees?

A business overdraft fee is a charge that your company incurs if you attempt to spend more than what is available in your business checking account. The costs vary from $10 to over $30 per transaction.  Bank overdraft fees are more prevalent than people realize, so even the most conscientious business owners may encounter these […]