In Conclusion

In Conclusion
Keep in mind that all accounts need not be at the same financial institution. However, it only makes
sense that the amount of business you do with any one bank will be directly proportional to the
benefits you will derive from it. Be sure to look at the stability of the bank you are considering. You
will want to feel secure that tomorrow morning when you wake up that your funds will still be
available to you.
A good banking record, along with the establishment of rapport with management and personnel of
your bank, may get you special concessions. For example, the hold on your deposits may be waived
if the management so desires or notary services may be extended for free as a courtesy. If you
already have a bank with which you have been satisfied, you may wish to deal where you already
have the advantage of being known by them as a valued customer.
Banking is serious business. Selection of the right bank and the right kinds of services will be a
definite asset to your business.
Worksheet: On the next page, you will find a filled-in example worksheet
entitled "Choosing a Bank". It will help you to see how you can compare
advantages and disadvantages of the financial institutions you are considering.