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Business Banking – Is it Time To Change?

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When you started your small business, did you sign up for a business bank account with the same bank where you did your personal banking? Did you even look around to see if there were better deals somewhere? If you didn’t then don’t worry, you are among the majority of small business owners who do business with a particular bank because of the comfort familiarity factor. However, in these harsh economic times maybe you should stop to think about that decision. Perhaps look around a bit. There are plenty of banks offering favourable interest rates, free services and other facilities that your bank may not provide.

However, before you change your business bank account, you need to keep some things in mind. Many banks offer introductory interest rates and may reduce them after a period. You need to know what you will be getting in the long term. It is also unwise to close your old business bank account as soon as you open a new one. Keep them running concurrently for a few days until you are sure that all standing orders, direct debits etc. have been transferred properly. Finally, even after the switch, don’t stop looking. Periodically watch out for better offers that any other bank may offer you.

If you feel you are not getting the most out of your business bank, and are unsure about what to go for, our free business banking guide will make things easy and smooth for you. Just click here to download the guide and see how just a change in banks can add hundreds of pounds in interest to your bottom line.

And why just banking? The Incisive Business website has many other tools and guides to help you and your business fulfill its potential, all of them absolutely free. So just click here to go to our website and get cracking!



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