Business account should be the first step that every business must do before starting a business venture. This will prove to be of great help to businessmen in order to keep business and personal expenses separate. This is a good practice since it will assist many businesses to posse’s good record keeping techniques. If you are fed up of paying a monthly fee to do your banking then you have the option of opening a no-fee chequing account with President’s choice Finance and you will experience a huge reduction in your banking fees.
If you need to earn a higher interest rate on your savings then you have very many options to explore with a majority of online banks being interested in doing business with you. Even the discount brokerage space is not left behind in this scramble. For one reason or another, banks are not really involved in this cut throat competition since they are immune to such pressures.
Well, good news is that one of the banks in Canada has finally come up with a free business account. This is a huge favor to businesses since there is no monthly fee that is charged. This bank account is known as HSBC Business Direct Account which is offered by HSBC. It is an ideal bank for you if you are a small Canadian business who has minimum banking transactions and you have access to the internet. This account offers no charges on an unlimited number of electronic transactions and also no fees for a restricted number of cheque transactions.
Free business bank account features.
Some of the features that this account possesses are:
- Absolutely no monthly fee charged
- 24/7 automated assistance form the bank centre
- Free business internet banking to provide you with international wiring capability
- Unrestricted free Business Internet Banking, ATM and Business Mobile Banking which includes free transfers, bill payments and electronic deposits together with withdrawals.
- 20 free cheques that are deposited every month.
- One is allowed to write up to 20 cheques every month.
- Access by phone to personnel who will advice you accordingly to achieve your business goals.
These services are not offered for free since there are small charges that are paid. However this is an answered prayer to many since it’s what people have been waiting for in a really long time. But HSBC has promised not to charge a monthly fee as long as the account is maintained well.
Reasons why you should opt for free business bank account
Opting for a free business account is definitely a wise and noble idea since:
- It saves a lot of time and money for your business concerning the core banking products
- It provides top of the notch services to a small business.
- It gives you the opportunity to interact with highly trained staff who will give you sound advice to achieve your business goals and aspirations
For further questions regarding free business bank account you need to contact a business banking specialist who will advice you accordingly about the account and the day-to- day banking needs. One can also contact the customer care who will connect you to the relationship manager is specifically trained to deal with complex business banking needs and support your long-term business goals with a free business bank account.