Business Checking Account Tips

Starting your own business is an incredible adventure. It’s exciting and rewarding to transform your business idea into a concrete product or service. Starting a business, however, requires many inquiries, decisions, and problem-solving skills. A source for useful information can go a long way in helping you get your business off the ground. KeyBank will work with you to provide solutions to your questions and challenges as you work toward developing your business opportunity.

Consider several options when opening a business checking account

Money management is a top priority for opening any business, but with all of the excitement surrounding the opening of your business, do you know how you will handle your money? Some people opt to use their personal checking account for their business transactions. You can, however, save yourself a lot of grief in the long run by opening a business checking account designed specifically for business use.

Take the time now to research business checking account options. KeyBank offers a range of business checking accounts to fit your average balance and account transaction activity. When you enter into a relationship with KeyBank, we help you determine which account is best for you.

Here are some helpful tips for choosing a business checking account:

Maintaining a business checking account and a personal checking account at the same bank is a good idea. You may be eligible for special rates or rewards. Key Total Banking® is a good example of relationship banking.

Ancillary products such as business debit cards, Online Banking and Bill Pay are time-saving conveniences. You’ll find them helpful as you manage your business, especially during start-up when your business requires much more of your time and attention. These amenities can make running your business easier for you.

Determine your business banking needs and choose the account that corresponds with them. If you have a home business, you might want to get a business checking account geared toward a smaller business until your business grows and your needs change. If you have a larger business and a higher number of deposits, you may want to consider an account that doesn’t charge you for a specific amount of checks, withdrawals, or deposits.

KeyBank is dedicated to helping you reach your business goals. Contact us today for more information about our business checking accounts