Business checking accounts are commonly used by business owners who want to keep their business funds separate from their personal funds. While checking accounts can be useful, they are not the only option to consider. A business savings account can be a superior option for business owners who want to reap the key benefits of… Read More »
Business Banking
Business Line of Credit vs. Credit Cards
When unexpected cash shortages occur, a business line of credit and business credit card are two viable financing options. Both can be useful when you need funds to make a large purchase, fund operational expenses, or pay suppliers. There are some distinct differences between the two which may make one a better choice over the… Read More »
Insured Cash Sweep 101
Insured by the Federal Deposit Insurance Corporation, Insured Cash Sweep (ICS) is a service that allows you to secure large deposits while still maintaining access to your funds. You can also continue earning interest on any funds that are placed into a demand deposit account or money market deposit account. Not all banks and savings… Read More »
The Advantages of a Business Mortgage Loan
As a business owner, you have the option of leasing or purchasing a commercial property in which to run your business. While leasing can be a quick and convenient option, most business owners prefer to own their own space. Similar to a personal mortgage loan used to buy residential homes, a business mortgage loan can… Read More »
What is Treasury Management?
Business owners are always on the lookout for banking resources that can assist them with managing their financial assets and holdings. Treasury management services can help streamline business finances by managing cash, investments, and other financial assets. So what is treasury management exactly? It is a management system that aims to optimize a company’s liquidity,… Read More »
How to Open a Business Bank Account
Opening a business bank account for your startup is one of the most important decisions you will make. There are many reasons for conducting business banking. First and foremost, you want to keep your personal funds separate from your business funds. In addition, a business checking account makes you appear more professional in the eyes… Read More »