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Best Business Bank Accounts: Top 7 Questions to Ask Before Committing

Every successful company needs an equally successful bank that offers adequate financial support to ensure a steady foundation upon which that company can build. It is vital to have a well-suited business account tailored to a company’s individual needs; this helps to keep business and private finances separate while minimizing incurred fees. There are many things to consider before becoming a business customer and finding the best business bank account can be difficult.

What to Consider?

Depending upon a company’s size and profitability, requirements to attain and retain a business bank account vary across financial institutions. It is crucial to choose an account that suits your business and offers incentives pertinent to your business goals. Small businesses do well to begin with a free business account and upgrade to an account with a high interest yield and low fees once the business has established good earnings.

It’s a good idea to make a list of your business goals and match these with the available financial institutions in your area to determine the best business bank account for your company. Don’t be fooled by flashy gimmicks and up-front offers; these may appear glamorous on the surface but fail to serve all your business needs. Compare banks to determine basic costs and available features so that you are well prepared to ask questions specific to your situation.

Questions to Help Choose the Best Business Bank Account

1. Are free business accounts available in my area? If so, do the services provided and applicable fees mesh with my business plan and available revenue?

2. Are business debit cards available? Are business credit cards available? For each type of card, be sure to ask how many cards you are allowed to have and what are the transaction fees and limits for each.

3. Is there a limit on withdrawals or will the account be charged for each withdrawal after a preset limit?

4. If I cause an overdraft, am I required to cover the applicable charges? If so, how much are these fees?

5. Is there an option to freely move monies from one bank account to another? If so, what are the estimated delays before the transferred monies are made available?

6. Is there a savings account option that accrues interest?

7. Do physical banks have branches in my area? Does this bank offer on-line banking, telephone banking, and/or mobile banking options?

Once you’ve determined your company’s goals, and depending upon your answers to these questions, finding the right financial institution with the best business bank account for company should be fairly uncomplicated.

Free Business Checking Accounts

The word free is subject to interpretation within the financial district. Most accounts are free up to a certain point; once preset limits are surpassed, banking fees begin to accrue. If you are considering a free business account, be sure to ask about limits on transaction volume, minimum balance requirements, and maintenance fees should these limits be exceeded.

The best business bank account for your company depends mainly upon its size and business objectives. Use these as a guide to determine which business account is right for you.

5 Cost Efficient Printed Advertising Methods for Small Businesses

Advertising can be quite difficult. This is mostly due to the costs involved. Adverting on TV, the radio, in newspapers, or in magazines can be extremely expensive. A lot of small businesses simply do not have the resources to pay for such advertising. One way to still advertise and do it for much less is to use printing companies. Below are five ways printing companies can provide small businesses with cheap advertising.

1. Business Cards

Business card printing is one great advertising option. While business cards may seem somewhat cliché, they still work. This is due to the fact they can provide convenient information to someone quickly. If a person picked up a business card for a dentist, for example, he or she may be more likely to visit that dentist instead of searching through a phone book or search engine page results.

2. Brochures

Brochure printing is another great idea. The great thing about brochures is that many consumers enjoy reading them. This is because they are not forced onto people like other forms of advertising. A brochure is also a great way to convey a lot of different information to a consumer. This can include a business’s phone number, address, operating hours, menu, and other information. Brochures can also be placed in the entrance ways of other businesses customers are likely to visit.

3. Signs and Banners

Another form of advertising a printing company can provide for you with are signs and banners. These can be printed for cheap. They can then be hung outside your building. Attractive signs and banners catch the attention of motorists or pedestrians passing by. Those people are then much more likely to stop by a business either immediately or later on.

4. Menus

Often, people don’t have the time to eat somewhere, but may be interested in coming back some day. Due to their peaked curiosity, they may wish to look at a menu. One great way to advertise to such people is by having menus already printed out for this situation. They can then be handed out to visitors when asked for or simply placed where they can be easily retrieved. Cheap menu printing can also very beneficial to restaurants that deliver. This way a person can see what they want before they call in.

5. Postcards

Postcard printing is an advertising option many small business owners are unlikely to have thought of. However, it is a strategy that can work. If a person likes a restaurant or some other business, they can send a postcard to someone else in the mail. The person that receives that postcard may be intrigued enough to visit that business later on. Such post cards can be made available to customers for free or for a small charge.