The leading SBA lender in Texas and one of the highest rated in the U.S. as a whole, Spirit of Texas Bank provides a diverse array of banking services for small businesses. Spirit of Texas Bank helps small business clients open checking accounts, which represent a fundamental component of any business.
When it comes to choosing a business checking account, small business owners must decide whether to use the same bank for both their personal and their business accounts. Using the same bank streamlines financial management considerably, but it is not necessarily the best option in all cases. Small business owners often find that outside banks offer highly competitive fees and improved access to credit, which can have major financial implications.
Because one-size-fits-all checking accounts rarely meet the specific needs of a small business, small business owners should shop around to find an account with the proper offerings. If a company conducts the majority of its business via checks and electronic payments, for example, the owner should look for a premier checking account with a higher checking limit. In the same vein, small business owners should consider amenities such as online banking, electronic bill pay, and business debit cards.