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Business Checking Considerations
Still using your first business checking account? Consider these factors; if your business has changed, you may benefit from switching accounts:
- Read the fine print: Some accounts may appear free, but actually charge maintenance or transaction fees. Read all the terms to make sure you know what is covered.
- Look for FDIC insurance: A bank with FDIC coverage gives you peace of mind in knowing that your funds are protected.
- Consider the account features: Some banks offer business checking accounts with business loan assistance, merchant credit card processing, online banking, electronic bill payments and other amenities. Opt for a bank whose offerings will together best support your business’ financial goals.
Ask your KeyBank relationship manager for an evaluation of what accounts will best serve your business as it stands today.