Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Opening a small business bank account is an essential step towards starting a successful business. Here are some tips to make sure you choose the right bank for your needs..
1. Choose a bank that understands your industry
Choosing a bank that specializes in serving businesses is key when opening a business bank account. Banks that cater to small businesses tend to provide better customer service and may also offer additional perks like discounts on merchant processing fees.
2. Consider your company’s growth plans
Your bank should understand your business goals and plan accordingly. For instance, banks that offer direct deposit options allow you to automatically transfer money directly from your personal account to your business account.
3. Ask about ATM access
Many banks offer ATMs located inside their branches. These ATMs are convenient for customers who visit frequently and don’t need to carry cash around. However, these ATMs typically charge higher transaction fees compared to standard ATMs.
4. Check out interest rates
Banks usually offer different interest rates based on the type of account you open. For example, a business savings account may have a lower rate than a business checking account.
5. Look for special features
Some banks offer special features like debit cards, mobile apps, and online billpay. These features can save you time and money.
Open A Small Business Account
