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 […]
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 […]
No business owner wants to be in the red or pay avoidable fees — but when it happens, it’s important to have a plan. Setting up a line of credit to cover your businesses overdraft fees is one option.
The PayPal Business Debit MasterCard can be a convenient way for businesses that use PayPal to access the funds in their PayPal account. It’s important to know exactly how this card works — including overdraft features — to determine if it’s a good choice for your business and to use it correctly.
Overdraft protection is typically used as a cushion for checking accounts, but it can also be applied to savings accounts.
When it comes to filing your taxes, no business expense is too insignificant to consider. Even the smallest fees — such as overdraft fees — are important to reducing your overall tax burden…but they’re often overlooked.
Many people don’t want to endure the embarrassment of a declined transaction due to insufficient funds in their bank account. Banks realized this, and they’ve developed a fee structure to help customers and businesses avoid that situation.
Overdraft protection is a line of credit that banks offer to businesses to cover overdrafts. Overdraft protection kicks in when the business writes a check or completes a transaction for more than the amount in their account.
The decision to bank with a given institution could invariably lead to banking issues, and those could muck up the course of your business. So let’s take the topic of overdraft fees head-on, starting with a better glimpse at exactly what they are and how they affect you.
You should consider much more than which bank is close by or which one you’re currently using to manage personal accounts. Though there are many reasons to a select a business bank, one of the most important is understanding the bank’s overdraft fee policy.