Running a small business is an intense, but rewarding undertaking. Most owners and operators start their business out of passion. Some smart financial moves and optimized cash management can support that passion and help your business grow. The right bank can offer you solutions you may not have known about. One key example is a sweep account. In the following article, we’ll answer basic questions like “What is a sweep account?” “What are the benefits?” and “What are the drawbacks?” By the end, you should have a clearer understanding of how this type of account can benefit your small business.
Posted in: account, brokerage, business, cash, earn, interest, management, small, sweep
Opening a savings account can help you take control of your finances. You can use your account to save for a large purchase or to set up an emergency fund. Emergency funds can help you weather unforeseen occurrences. The common guideline is to save up to three to six months of your common expenses to take on any challenges that come your way. As you explore where to open a savings account, consider the following questions.
Posted in: account, balance, banking, fees, minimum, money, monthly, online, saving, savings
If you’re ready to open a checking account for the first time or to transfer your existing account to a new bank, you want to make the smartest financial choice possible. Asking your bank these common questions about opening a checking account will help you make the right decision for your money.
Posted in: account, balance, card, checking, debit, fees, minimum, overdraft, questions