You may not think about a credit union when it comes to opening up a business checking account, but you should. Financial institutions can set fees based on how much money you keep in your account, how many transactions you make each month, and how many cash deposits you make—all affecting how your business operates and maintains cash flow. Often overlooked, credit unions offer the same products and services as traditional and online banks, coupled with local business experts who help provide a more meaningful banking experience.
Here’s are 4 things you should consider when selecting a bank for your business:
- Convenient hours and locations
- Support personnel available to you and your employees
- Credit and debit card access
- Resources like business loans, merchant services, bill pay, and more.
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Get the details on what to look for and see how HVCU compares in our free eBook: Choosing the Right Financial Institution for Your Small Business Banking.