Choosing your business bank account Page 2

Borrowing

If, cialis sales as many startups find, cialis sales you need some funding to get you started you may find it’s not which bank you choose but rather which one is willing to lend you the money. You may well have to do the rounds clutching your business plan before you find an amenable bank manager. If that’s the case then it’s not much of a choice for you.

Even if you don’t need funding straight away do think carefully about whether you may need a loan further down the line. If that’s the case you will want to start developing a relationship with your account manager straight away so that he/she is familiar with your business when the time comes.

Location of nearest branch

Finally, if you are based in a rural area you may want to take into consideration how close your local branch is. Is it convenient for your day-to-day banking? If not what other options are there: internet banking, banking through your local post office? Our bank provides us with envelopes to pay money in by post but I’ve never been comfortable with trusting our hard-earned cheques to the postal service so make a weekly trip to our nearest town to pay them in.

To sum up, it’s worth taking your time over choosing your bank as this will hopefully be a long-term relationship. Get information packs from each bank and see what they offer (or read up on their websites). If possible make appointments to go and talk to them and get a feel for their level of service.

Further reading

Websites

Books

< Back to Page 1

Subscribe by RSS

 Subscribe in a reader

Subscribe by email

Enter your email address:

Delivered by FeedBurner

Webfooted Designs: a flexible and friendly approach to web design