Your business bank account

This time we will be addressing the financial part of our business and an organizational factor, the bank account of our business. It is the record of our commercial activity and the way to facilitate our financial procedures. With a bank account we can perform operations such as: deposit, withdraw, transfer and store our capital in a legal and simple way, especially when it comes to large amounts. When our company has a commercial account we are consolidating the economic part of our business and facilitating our growth with the advantages that this brings us.

Commercial checking account.

A checking account is necessary to manage the finances of our business in a simple way without the need to use cash. With it we can manage collections and payments between companies or customers. A commercial checking account gives us the advantage of being able to separate our personal income from our business income. In addition, it gives us the facility to generate a history of operations that can help us at the time of declaring our taxes.

Choosing a bank.

One of the first recommendations to choose a bank where to open a current account is that its location should be as close as possible to the business or home, so that when visiting it the distance does not become a problem. It is necessary for this choice that the bank has a department or person who knows how to proceed with your type of business to avoid mistakes and save time. The fundamental aspect at the time of choosing a bank is the rate of commissions that it applies to its clients; details such as costs per transaction, fixed or periodic costs. It is good to know that not all banks offer the same commission rates, but there are some that allow you to negotiate this detail before you officially sign up. As we are doing business, we need to choose the best offer.

Documents to open an account.

The most important document to open a bank account is our ID card; accounts are personal so no one can go and do it for you. In some cases you are required to have some kind of proof of address or proof of our business. Current accounts are generally for companies, therefore, the bank may ask for documents of legality of our company such as VAT tax returns or some proof of legal insurance on our business. The normal part of the process is to fill out a form with some questions about your company or the current civil situation of the account owner.

Credit card.

It is opportune to give the important detail that the bank issues a credit card with the identity number of our account and a secret code that can be changed only by us. With this credit card we can buy in many physical places such as supermarkets or shopping malls, we can also request our cash if necessary. It is important that this card is kept away from our cell phone to prevent it from being demagnetized; in case it happens we must physically reapply for a new one at our bank. The identity number of our credit card is affiliated to our online banking from where we can also operate digitally.

Online banking.

With the development of the internet the world has been able to receive a more personalized and efficient service, having an online bank account is something highly recommended in these times because it allows us to access it from our mobile or laptop. Accessing our bank account online allows us to make transfers effectively with security and speed. Performing operations through our online account favors us in discounts for legal institutions and useful services, bringing benefits in our favor. The important thing about our online banking is that we