What Is a Business Bank Account and How Does It Work?

Sourced from https://www.business-opportunities.biz/2020/03/13/business-bank-account/

Photo by Micheile Henderson on Unsplash

There are a lot of things you’ll want to invest in to make the day-to-day running of your business easier. For example, keeping on top of cash flow can be one of the most challenging aspects of being a budding entrepreneur. However, there are tools out there which can help, such as a dedicated business bank account. 

Here, you’ll discover what a dedicated business account is, how it works, and the benefits one can provide for you and your company.

RELATED ARTICLE: PERSONAL VS. BUSINESS FINANCES: SEPARATION IS BEST

What Is a Business Bank Account?

A business account is much like a personal account. It allows you to deposit money into it, make payments using a debit card, set up bill payments, and transfer money to other accounts.

The difference is that it is opened under your business name. Moreover, you actually need a business bank account if you’re running an incorporated or limited … Read More

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