Episode Details

During this show, you will discover …

How and why banks use account opening day to judge your business…

… and how they use it to try to curtail fraud

How business bank accounts work and why they are important

The many benefits of having a business bank account

Why they matter for future lending…

… and why the faster you set up a business bank account, the better

Why setting up a business bank account is part of the starting of any business

Exactly which paperwork is necessary to set up a business bank account

The details of how to fill out your paperwork

What is in a standard bank starter kit

Why the banks starter kit is often enough…

… so hold off on buying checks unless you really need them…

… and they will probably be cheaper online anyway

What banks use bank credit ratings for

How minimum balances, account age, and bank references can help

Just what all bank ratings mean in terms of account balances

How often bank ratings are calculated

How to keep bank ratings up

Why a Low-5 or better rating should be your goal

How insufficient funds, negative cash flow, and low balances can drag you down

How consistent deposits, positive cash flow, and bank products your business is using…

… can raise your bank rating

And much more...