Small Business Banking

The financial industry often takes small businesses for granted. This is evidenced by the superior rates negotiated for and by large corporations and the relatively poorer services offered to smaller businesses.

Recently though, this has been changing for the better as banking institutions are realizing that small and growing businesses can make up a substantial amount of a deposit base. As a result, more and more financial institutions are offering low-cost and low-fee products to the small business owner.

Depending on the needs of your business, you can now find:
Interest-earning checking and savings accounts
Free bill pay and ATM transactions
Reduced cost EFT/ACH transaction processing
Reduced rate credit cards

Some of the best places to look are regional and local banks as smaller businesses have more leverage. Depending on your area, some great banks to check out are PNC (which recently expanded into the midwest by purchasing National City) and Regions Financial (which recently purchased FirstBank Financial)

Setting up accounts and services at these types of institutions can help your bottom line by reducing fees and increasing return on banked capital. Financial savings can be reinvested into areas of your business that can yield even higher dividends - like ... search engine optimization.