It’s hard to choose the right suppliers when it comes to basically any aspect of your business, but a bank can be one of the most important since your decision is potentially going to impact every single transaction your business makes. There are, of course, an overwhelming number of options on the market and jumping into the first agreement you see could well be a bad idea.
Instead, it’s worth looking at some of the options out there and considering expert opinions from financial advisor’s (like the recommendations from these professionals) before making your choice. Here are some of the key points to remember.
1) Choose an actual business account
Probably the worst thing you can do is try to use a personal account to run your business finances. It will not work out as the best deal or the most practical solution. Go for one that’s designed for people in your situation.
2) Look for free trials
Even on paid accounts, you should be able to get a good trial period and enjoy free banking for 12 months or even longer. Continue reading