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Lostvalleyguy
03-19-2014, 01:17 PM
In Canada - and I assume elsewhere as well - HSBC is dumping all of their small business clients as they are not profitable enough. I am too small to have to worry about business accounts specifically as I have something that works well for my situation. What is it that you look for when opening an account for your business? Obviously the specifics of a business matter to the answer to my question, but what should a bank be offering you to reel in your business?

crimsonghost747
03-19-2014, 05:41 PM
To be honest, I'd most likely just go with the bank where I have my personal account too. I've been with them all my life and I'm very happy with their customer service. I still do part of my finances with them, even though I live in a different country.

So to be more specific into what I'm looking for? Trustworthy, easy to use and good customer service. I'm ready to pay slightly higher fees (if necessary) in order to have the qualities mentioned above.

DomDom
03-19-2014, 05:55 PM
To be honest, I'd most likely just go with the bank where I have my personal account too. I've been with them all my life and I'm very happy with their customer service. I still do part of my finances with them, even though I live in a different country.

So to be more specific into what I'm looking for? Trustworthy, easy to use and good customer service. I'm ready to pay slightly higher fees (if necessary) in order to have the qualities mentioned above.

A good web banking format is also a great thing if they have it.

caparica007
03-20-2014, 04:00 AM
A good web banking format is also a great thing if they have it.

Both DomDom and crimsonghost answers seem pretty good. If we already have a trustworthy connection, even if at a personal level, with our bank, why not take our business there too, seems the next logical step. Web banking can be really practical too and with less expenses.

crimsonghost747
03-20-2014, 04:27 AM
A good web banking format is also a great thing if they have it.

Ahh yes of course. That one is so obvious that I didn't even think of mentioning it. I go to my bank once a year to have a quick chat with my financial advisor (mainly just to see if she has anything interesting to offer, sometimes she does!) but everything else I do from the internet.

Rainman
03-20-2014, 08:20 AM
Since the needs of a small business owner may include getting a loan from the bank, if I'm looking for a great bank to do business with I'd prefer a bank where the management will make decisions promptly without having to call the main offices wherever they might be to approve something like say a small loan.

That's why I would prefer to work with smaller banks because they 'care' more about their customers and you're more likely to get faster, better and cheaper services from them.

PaulCargo
10-27-2014, 08:41 AM
Here firstly you have to decide is the type of business you will open. There is having five different types of accounts you have to know to organize the company's financial statements and from where we have to find the similar accounts on the financial statement.

printer
11-14-2014, 02:12 AM
You can contact with some expert.If Bank will provide you internet banking then that is also useful for you.

David T. Breen
11-15-2014, 04:24 AM
Banking companies usually have various types of business checking accounts that vary mainly dependent on type of business, resource size, and financial transaction volume.
Nonprofits, govt organizations, and single ownerships are able to profit from accounts with cheaper charges and higher financial transaction amounts than for-profit organizations. These accounts often gain interest as well, despite the fact that the present rates are very low.
you can take more help from:
nerdwallet.com/blog/small-business/small-business-checking-primer/

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11-25-2018, 05:39 AM
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gilsulate
12-04-2018, 11:51 PM
If I'm looking for a good bank to do business with I would prefer a bank where the management will make decisions promptly without having to call the main offices wherever they might be to approve something like say a small loan.

Ahmad Alamri
12-06-2018, 12:46 PM
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anjalisingh
05-27-2019, 05:31 AM
I have also applied for the small loan around 1.5 years ago with Bajaj finserv App (https://go.onelink.me/857331112/bajajfinservapp). Try this for applying for the loan to get instant approval on the loans.

oliviamartin
05-29-2019, 05:29 AM
An integral part of the success of a business is having the right type of bank account in place, but how do you know what type to go for? Does it make a difference if you are sole trading or a registered company?

essencepk
10-15-2019, 01:36 AM
Cash Accounts. A cash account is used to record payments, deposits and withdrawals in real liquid currency.
Bank Accounts.
Credit Cards.
Undeposited Funds.
Income Accounts.
Expense Accounts.
Assets.
Liabilities.

essencepk
10-25-2019, 02:22 AM
Cash Accounts. A cash account is used to record payments, deposits and withdrawals in real liquid currency.
Bank Accounts.
Credit Cards.
Undeposited Funds.
Income Accounts.
Expense Accounts.
Assets.
Liabilities.