Shinedelight Writing & Publishing

The Business Bank Account

As a business, it is important to have a business bank account. It enables you to separate your business finances from your personal finances. Having a business bank account also sets you up for lending opportunities that will require a business bank account. Having payment processor platforms like Square, Stripe, or PayPal will not be significant to secure a loan or line of credit from a bank or other lending institution. This guide presents a list of banks and credit unions that offer small business banking solutions here in Las Vegas, Nevada.

Now, most, if not all of what you need for the basic setup is free and does not require you to spend any money because it is something that you can do yourself from your computer/laptop/tablet or smartphone. In the event that you do not want to do it yourself, we do have a small business setup package that does all of what these guides show you for a worthy fee.

Here is a list of banks and credit unions that offer small business banking with support. Do your research. Know what your business does and what type of banking services you need in order to maintain a healthy beneficial relationship with your business bank account.

If you have an eCommerce business, look for small business accounts with no transaction limits or high transaction fees. As an eCommerce business not only will you route money into the account from your merchant platforms and website, but you will also process more transactions than a traditional business would process on a daily basis. In addition, look for small business accounts that have grace periods as transactions will remain in a pending state from Thursday 5pm to Tuesday 7am.

Ask questions. This is your business bank account where your sales are deposited. Set boundaries and clearly communicate what your expectations are for your small business bank account. This is a working relationship that will benefit both you and the bank.

**These are business bank accounts with additional tools that will help you to fund and manage your business. These are nontraditional bank accounts that integrate with your payment processors and other business bank accounts. These are accounts where you can also send and receive invoices from vendors, clients, and customers.

Once you have established a business bank account at either a bank and/or credit union we recommend that you add a spend management account.

Commercial Credit Card & Spend Management System

Question: What is a commercial credit card?

Answer: Cards that are built in with your finance tools for seamless integration.

Question: What are the benefits of a corporate credit card?

Answer: Eliminates reimbursements, easy card management features, expense management solutions, and instant spend power with a virtual or physical card.

Question: What is spend management?

Answer: All your finance tools in one. From spend, approvals, to bill pay. It’s where you can manage all of your businesses’ finances conveniently on your phone, tablet, laptop, or desktop.

Question: What are the benefits of a spend management system?

Answer: Simplified spending, card restrictions that you set into place, real-time accounting integration, staying on budget, approvals workflow.

Question: Who has the best spends management system? Who has the best corporate credit cards? Who has the most functional, efficient, and simplified admin dashboard experience?

Answer: Choose from the options below.

Spend management accounts give you a way to scale your business while building business credit without a hard pull on your personal credit score. Spend management platforms utilize your EIN only and link directly to your business bank account.

You can add and manage your contractors and/or employees.
Receive incentives/rewards on purchases made with your corporate (credit) card that is provided.
Receive daily perks.
Integrates with all of your business platforms.
User friendly dashboard to track your business and its progress.