If you are a business owner, you should have a business bank account that is separate from your personal account. You can have a combination of business checking, savings and investment accounts. Having a separate account for your business helps you keep your records organized, allows you to have multiple signers for the account, helps you to appear more professional and allows you to accept credit card transactions easily. Continue reading to learn more about business banking in Attalla AL.
Business Checking Accounts
There are different types of business checking accounts. A basic checking account with low monthly fees may be the right fit for you if your company is a corporation, partnership or sole proprietorship and you write a limited number of checks each month. The next level has a monthly fee based on your account activity and is ideal for businesses that write a lot of monthly checks.
When you open a business account, your bank provides business services. With online banking, you can access all of your business accounts online and make transactions at any time of the day. You can also direct deposit payroll and easily transfer money between your accounts online. You can set up online bill pay and download your account history to your financial management software as well. Electronic deposits are also beneficial because they allow you to make deposits at any time, reduce the risk of check fraud and save you time and money since you don’t have to make as many trips to the bank.
Some business accounts have benefits including unlimited check writing, safe deposit boxes, higher limits on debit cards and credit cards with lower interest rates. You can also have access to coin machines so you don’t have to spend time counting and rolling coins by hand.
Contact for More Information
Exchange Bank- Gadsden is committed to serving your banking needs. For more information on business banking in Attalla AL visit us today.