Open Business Account Archives

10 Key Features to Consider in a Business Checking Account

by Cheqly team | December 13, 2024 | Business Checking Account Features

Good financial management is critical to the success of an organization in the present business environment. Finding a reliable and comprehensive business checking account becomes important for any organization. It is right to state that accurate reporting and records are essential to effective financial management. Look for a business checking account with great reporting and … Continued

What Does KYC Mean in the Banking Sector?

by Cheqly team | April 1, 2024 | KYC In Banking

In 2023, fraud losses jumped to $10 billion, up more than 14%. One way to fight fraud and money laundering is by stopping anonymous accounts and keeping an eye on suspicious activity. Financial companies do this with KYC, where they learn about their customers and track risks. Despite the fact that the programs designed to … Continued

Why Is a Business Bank Account Essential for Your Business?

by Cheqly team | December 27, 2023 | Business Bank Accounts , Small Business Banking

When business owners start, many use their personal bank accounts to accept and spend money for their company. While maintaining your current banking setup is more convenient at first, merging these two accounts could cause some issues in the long run. There are numerous advantages to opening a business account. It can keep you legally … Continued

How to Open a Bank Account for Your Sole Proprietorship?

by Cheqly team | December 18, 2023 | Bank Account , Sole Proprietorship

As a sole proprietor, organizing your business finances is critical. Whether you’re just starting or have an established firm, keeping your business and personal finances separate is important. It is good to open a business bank account for your small business and get aware of your finances. The division not only helps keep your finances … Continued

Small Business Banking: The Ultimate Guide to Success

by Cheqly team | December 12, 2023 | Business Bank Accounts , Small Business Banking

Opening a business bank account is a crucial step for all business owners, regardless of their size or scale. It should be one of the early steps in the business development process. A business bank account helps you manage practically every other financial aspect of your company, from vendor payments to payroll. While business bank … Continued