As a business owner, you want a business banking account that is tailored for your needs and the success of your business.
Wondering what your business bank should be doing to help your business? How can your bank partner enhance efficiency around your business needs?
Read on to learn more about the attributes you should consider when selecting a business banking partner.
Customized Banking Solutions
When you open a business bank account, you should expect the bank to work with you to find the account and services that will best support your business needs and goals. You don't want to select a financial institution that treats your business the same as every other company.
At BankProv, we specialize in customized solutions for our business owners to help support your needs and business goals.
We believe there is no one-size-fits-all when it comes to business banking.
Personalized Support to Meet Your Banking Needs
Whether you're opening a new business banking account or are an established business with an existing account, it’s crucial to look for a bank that prioritizes building a strong relationship with you.
At BankProv, you’ll have a dedicated Business Banking Team who will be your consistent point of contact for all your banking needs.
Our Team takes the time to familiarize themselves with your business, ensuring a personalized understanding of your unique banking needs. Say goodbye to the hassle of repeatedly starting over with a new contact at the bank – your dedicated Team ensures continuity and reliability in every interaction.
It's important that you know your money is safe. When you make a deposit, your financial institution should ensure your funds are there when you need them.
The FDIC insurance insures your deposits up to at least $250,000 per depositor, and our additional DIF coverage goes beyond, offering protection for all your deposits, down to the last penny. You can rest easy knowing that at BankProv, your money is safeguarded and secure.
As a business owner you need the ability to access your money when you want or need it.
BankProv offers the ProvXchange™ Network, which enables businesses to conduct real-time transfers:
- 24 hours a day
- Seven days a week
- 365 days a year
These transfers will be available as a business banking customer between your BankProv accounts or from your BankProv account to other BankProv customer accounts.
ACH Credits & Debits
An essential feature to consider in your business bank is the capability for ACH credit and debit transactions. These transactions empower your business to efficiently settle invoices or debit client accounts.
At BankProv, clients can seamlessly leverage ACH credit and debit transactions for electronic invoice payments or initiate collection transactions. Our Online Banking Portal and API make financial disbursements and collections straightforward and accessible.
The rise of technology and digital services across business sectors has led to an increase in fraud, which can be both overwhelming and costly for businesses. Ensuring the security of your business accounts is crucial.
Your bank should have robust safety features in place to protect your finances. Expect proactive communication from your bank, by activating online alerts or Positive Pay to alert you to any unusual or potentially fraudulent activity on your account.
In the digital era, it's essential for your bank to stay current by providing a range of online services, offering flexibility, and reducing the need for in-person visits.
BankProv knows that business owners are busy and need convenience when it comes to their banking solutions. We’re proud to offer many online banking services, including:
- 24/7 account access
- Fund transfers between your BankProv accounts
- Bill payments through our integrated bill pay system
- Viewing images of written and deposited checks
- Access to your transaction history
- Temporarily increase your card limit
- Placing your misplaced card on hold
- Notifying the bank of travel plans for cardholders
Check and ACH Positive Pay
Your business checking account is likely to receive payments from vendors or customers.
By utilizing Positive Pay services, you are able to actively monitor acceptable transactions in your business account. You are able to ensure that these payment transactions meet your acceptable criteria, safeguarding you from potential fraud and preventing any additional costs.
Bill Pay Services
As a business, you also need to pay bills. Often those bill payments will come from your business banking account. You will want your business bank to offer you bill pay services to make managing your business easier.
With BankProv's Online Banking Portal, you can effortlessly set up both one-time and automatic payments, simplifying the process and enhancing the efficiency of your business management.
Use the Best Bank for Business Accounts
The ideal business banking partner should provide a comprehensive suite of services, encompassing everything mentioned above. They should work with you to determine what solutions best fit the needs of your unique business. If your current financial institution falls short, it may be time to consider a conversation with BankProv about our products and services.
For a top-tier business banking experience, your search ends with BankProv. Contact us today to explore our range of business banking services and discover how we can effectively support your business needs.