Why Should You Open a Business Bank Account?
When opening a new business there are so many things to consider, and one of these is to open a business bank account. A business bank account will allow you to do all your business transactions, and you can get accurate statements as well as the ability to log onto your banking services anytime of the day. You can also link additional products to your business bank account.
You can do the following:
- view statements
- make payments to suppliers
- pay your employees’ salaries
- order new cheque-books
- transfer money between accounts
- open new bank accounts
- review your available funds
With your FNB business account you can access online banking as well as cellphone banking and telephone banking to allow you a variety of channels to which you can use to do your business transactions. Your business can also earn rewards through their rewards program, simply for doing daily banking transactions and purchases. With FNB you can get a Visa check card issued to your business account to use from day to day purchases, and you can link an additional petrol card free of charge to your business bank account. Will also receive notifications for every transaction that happens on your business account and apply for an overdraft facility on your bank account.
ABSA offer their business clients from various business bank accounts, depending on their unique needs. They have a classic business account that offers a debit card for your day-to-day with drawers and purchases, unlimited transactions, statements by post or e-mail, one account number for life, as well as the ability to block unwanted debit orders.
Standard Bank offers a business account that is easy to manage, and allows you to open it immediately at any branch, the sea statements via e-mail, have access to a variety of service banking channels, and the ability to have access to an overdraft. You can get a MasterCard or Visa business card to use for your daily transactions and money withdrawals.