Just like individuals, if not more so, businesses need banking solutions. Business banking can often become a complicated affair, what with all the moving parts. Unlike a simple savings account, business banking involves a lot more traffic and complicated financial mechanisms. If you’re a business owner looking for a simple business banking solution – NorthOne Business Banking can give you the simplest one!

What is Business Banking?

Business banking is the banking and financial services offered to businesses, as opposed to individuals. Mostly, business banking is targeted towards small business – startups, SMEs or even freelancers. Generally, it includes services such as transaction accounts, lines of credit,  business loans, trade finance and other such business-oriented financial services.

Business banking is essential for businesses across all sectors – be it trade, agriculture, manufacturing or service. Small businesses especially require business banking services to ensure adequate funding, smooth cash flow and uniform growth.

Functions of Business Banking

Business banking performs several functions for small businesses, start-ups and freelancers, including –

Deposits and Withdrawals

The most obvious function is of-course the deposit and withdrawal of funds from the business. Unlike individual accounts, business bank accounts are equipped to handle large volumes of every traffic in cash or virtual transactions.

Finance and Funding

Loans, credit, securities trading and other finance/funding services are also part of the business banking package. Small businesses are rarely funded by investors, and this is where banks step in.

Insurance Services

Insurance is important for businesses to a larger degree than individuals, due to the larger number of assets involved. Business banking services provide special insurance coverage for all your business assets, cash and otherwise.

Foreign Exchange

Many businesses deal with an international clientele, and it isn’t practical to handle forex using personal forex services. Business banks can provide bulk forex solutions at much cheaper rates, and for much larger volumes.

Tax Planning

Taxes related to running a business are also a lot more complicated than personal taxes. There are a lot more taxes to pay, and compliances to follow, as a business owner. Business banking solutions can provide comprehensive tax planning and payment services to ensure hassle-free operations.

NorthOne – the Simplest Solution

While business banking can become complicated (and often does), there are simple choices – like NorthOne’s business banking solution. With specialized features designed with SMEs, startups and freelancers in mind, NorthOne’s banking services can help your business grow successfully. NorthOne’s business banking comes with special features to help small businesses, such as –

• Government Insured accounts
• Company debit cards
• Simplified payments
• Routing & account numbers
• ATM deposit & withdrawal
• Mobile check-deposits
• Team banking
• Live-chat support
• Dedicated Tax Accounts

Why choose NorthOne?

NorthOne is a great choice for small businesses for quite a few good reasons. What with the features above, a NorthOne business banking account can help your business prosper with –

Mobile services

Forget having to search for branches with mobile capabilities. Use your phone to make and receive payments, access all transaction, finance and account-related information and bank on-the-go.

Responsive customer support

Get instant support from responsive experts within minutes by in-app live chat, phone or email. Never worry about problems left unsolved as you run your business.

Seamless integration

NorthOne is integrated with APIs for all major e-commerce, trade and business apps, making it effortless for you to work within a comprehensive framework and smoothen your business process.

Integrated Book-keeping

Enjoy effortless book-keeping with integrated apps and extensions, and save up to 50% on accounting charges and book-keeper fees.

Extensive data and fund-security

Rest easy with FDIC-insured accounts (up to $250,000) and end-to-end data encryption and security services to prevent any theft, fraud and account hacking attempts.

Choose NorthOne – join today!

Choosing NorthOne has been the most important step towards many freelancers’, startup’s and small business’ success stories. Make sure it can be part of your growth and ultimate success. With smarter bank accounts, efficient money management, banking for teams and real-time support frameworks, NorthOne is the way to go!