As a business owner, you want to eliminate the risk of losing money due to fraudulent activities on your accounts. Positive Pay can help you achieve this. Positive Pay is a widely-known cash management service used by most banks to detect fraud. The automated tool is monitored by the Cash Management Department and acts as… Read More »
Business Banking
What Do You Need to Open a Business Banking Account?
A business banking account is vital to helping your business prosper and grow. When you start your business, make it a priority to begin investigating the banks in your area that offer business banking services. You will find a range of services and a range of fee structures. What follows is a discussion of business… Read More »
What Is Business Banking?
Anyone who is serious about growing their business will talk to you about the importance of having a sound relationship with a bank that serves the needs of its business customers. That means working with a bank that knows business banking. Business banking describes a wide range of banking services designed exclusively for the bank’s… Read More »
Why You Should Acquire a Business Savings Account
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 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 »