Business Banking

Piggy Bank

It may not be a safest idea to have both your business banking account and personal banking account with the same bank. Some banks specialise in small company banking so it is always worth shopping around.

There is also the risk that your company banking may cause problems with your personal banking and visa versa: don't put all your eggs in one basket and keep your company bank separate to your personal bank account.

If you are planning to start up a large scale company then it is better to speak to one of the larger bank branches. They will have the expertise at hand and may be able to make decisions quicker than a small branch.

Shop around for the best banking account, some will offer good interest rates others will offer free banking for the first year or more. Go and meet the bank manager they will be able to give lots of advice, but be honest with them, they can only advise on the information provided.

If you are looking for a bank overdraft or loan, the bank will require cash forecasts and a full plan for your company.

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