Banks In Austin TX
Banks In Austin TX
Start-up businesses would often forego opening business bank accounts and opt to use their personal bank accounts instead. Why is this so? For one, opening a separate account may mean incurring additional expenses.
Advantages of Opening a Company Bank Accounts
There are in fact a lot of advantages of having business bank accounts. Here are some of them:
- It organises your finances and makes it easier for you to check your income and expenditure for the year. If you don't have a business account, it will prove to be more difficult and time-consuming since you will have to separate and distinguish the personal transactions from that of the business banking transactions.
- Another advantage of having business bank accounts is that it gives your business a professional profile especially when it comes to transactions with customers. This also shows that you are serious and focus-oriented on the ends of the business. And besides, a guaranteed business account will also help speed up the day-to-day financial transactions that you have.
- The edge of having a separate business bank account would be transparency in financial transactions and in declaration of income. The flow of income and expenses should be clear. This also further shows tax authorities that you are a responsible business owner because you uphold transparency in business transactions and can pay your taxes in a timely manner.
- Having a company or business bank account will actually get you more perks than nuisance. Some banking institutions for example would offer free business banking for a year for start-up businesses. Some banks could also offer business accounting software to be used on their day-to-day business operations on finances.
- Finally, it will be easier for you to apply for business loans if you have an active business bank account.
Our goal is simple. To help you achieve yours. That is why we work hard to make sure that you have access to capital, business tools, and sound advice from partners who understand your business.
Business Checking
Find the right checking account to fit your business needs.
Treasury Management
We offer a wide range of solutions to help you better manage your business
Business Savings
We stand ready to provide you with the right solutions for your saving plan.
Mortgage Warehouse Lending
Guaranty Bank & Trust offers non-captive participation warehouse lines to both the mini-correspondent and correspondent mortgage bankers.
Loans
When your business needs financing solutions to help it grow, consider our options.
Bank Anywhere
Our online banking services are designed to save time and money.
