- July 9, 2021
- Posted by: Stratford Team
- Category: Business
As a business owner, you rely on a lot of people for support every day: employees, vendors, customers and, yes, bankers. The right banking relationship can provide more than just a place to deposit and withdraw your money. It also can offer the products and support you need to help operate and grow your business.
Regardless of the size, age or type of their business, it’s important to separate personal and business finances by opening business banking accounts. These accounts range from simple business checking and savings accounts to business credit cards, lines of credit and merchant services. In this article, we’ll discuss each type of account, its benefits and what you should consider when choosing the best option for your business.
Types of business bank accounts
Business checking account – A business checking account provides a way for you to write checks from your business, accept checks to your business and separate your personal…