For entrepreneurs and commercial enterprises, it is mandatory to choose a business bank account.
This is an imperative that you must have in order to carry out a wide range of banking transactions.
This obligation results in the separation of professional activities from private transactions, for a much clearer transparency in terms of accounting and to avoid any tax confusion.
Basic services offered by the bank
When you’re looking to open a business account, it’s important to focus on the different services.
To check which are the different means of payment, in particular the costs that this can generate in relation to the use of a credit card, the use of chequebook and the printing of RIB.
The different bank collection methods as well as access to the online account, allowing you to consult it whenever you want, are very standard management services at a professional bank.
You can expect to pay around €20 to €50 per month, corresponding to a relatively standard price range, for a professional account.
However, banks can offer additional services, which are very useful to meet the needs of professionals.
Additional services to strengthen your business
Depending on the nature of your company or business, you need additional options and it is precisely on these different criteria that prices will vary enormously.
A professional bank will have a multitude of options at its disposal, such as accepting international credit cards, which is absolutely mandatory if you have an e-commerce site, with foreign customers or if you own a business located in a tourist area.
Perhaps you need transfers abroad, in which case it is important to accept it quickly, while at the same time setting up a secure online payment policy and why not sales contracts, which will add to your sales force.
Not all professional banks are necessarily inclined to offer you all these options with reasonable pricing.
It is also important to know that the banks under regional management do not allow you to deposit cheques or cash if you do not cash them in the same establishment.
This is why it is necessary to compare the different offers, and to validate the pricing grid from the start, this will avoid very unpleasant surprises.
The criteria for selecting a professional bank
Even if the task seems relatively difficult, you just have to play the simplicity card by comparing the different offers available.
If you already have a personal bank, don’t hesitate to consult it, by asking for an appointment with your advisor.
By using the same bank, you can strengthen your relationship with it and maintain a privileged relationship, especially if you have a good relationship with your advisor.
Preferably choose a banker who will be able to manage business accounts. He or she will be much more inclined to deal with the problems of a business, as opposed to withdrawals and working capital.
If his expertise is verified in relation to his level of involvement, this is an interesting element to consider. Your banker will therefore have the ability to understand your needs and implement solutions that will facilitate the management of the business.
To do this, a solid experience in the professional world is then required, which is an important criterion to rely on, rather than choosing a financial advisor who will remain foreign to your field of activity.
Check the availability and proximity of the bank
For professional activities where cash and cheques are regularly deposited, it is preferable to use a nearby banking establishment.
This saves you unnecessarily long travelling times, which could have been avoided from the outset.
Some banks require you to go directly to the place of deposit, others will be much more flexible and allow you to send them remotely.