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Show Notes
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...