There is a constant increase in the rates of tariffs and other charges on electricity and other household expenses. Also, there is an increase in business-related expenses for each and every sector. Some current accounts offer cashback on purchases, but there are also bank accounts out there that offer you cash back on your household bills when you pay them by direct debit. Here are some best current accounts to assist you with business as well as household needs by FinanceShed.
Wells Fargo offers more than just short term credit facilities and medium-term loans. They also offer SBA loans and equipment finance, making their lending program incredibly flexible for small business owners. If you have a business account open with Wells Fargo, your business loan application for any of the Wells Fargo small business loans will be fast and easy. Along with this facility, there are four different business accounts offered by Wells Fargo which commensurate with the kind of business you have according to its size, needs, and banking capacities. These accounts are Business Choice Checking, Platinum Business Checking, Simple Business Checking, and Analyzed Business Checking accounts. The most popular out of these accounts is Business choice checking accounts but again this purely depends upon the kind of business you have.
RBS Reward Current Account
RBS Reward current account charges fees but also allows you to avail 2 percent rewards which you can use as multiple ways such as cashback or put towards gift cards or vouchers. This rewards can be availed on some specified kinds of household bills such as gas, electricity, mobile, TV, gas etc. if payment is done by direct debit. The bank gives rewards on the bills and not on the kind of expenses done by you. Thus if you are getting combined bills for saying broadband and landline you will be rewarded only once.
In the course of a year or so you can get rewards of approximately £52.67 or £58.66 in cashback only after the £2 fee is taken into account. This bank also provides its customers with a switching bonus of £150. To get the cashback customers to need to pay £1,500 and log-in to their account online.
Chase bank offers a great option for its current account holders and also gives a variety of options to small business owners having like term loans, lines of credit, SBA loans, commercial real estate loans, and equipment financing. Chase is best known for both its alternative lending products and traditional loans. You can get a loan on your current account of as little as $10,000 or as much as $500,000 for running a business. Chase bank also provides different kinds of SBA loans along with three different kinds of checking accounts such as Total Business Checking, Performance Business Checking, and Platinum Business Checking.
Bank of America
Bank of India is the best bank for small business owners with easy and affordable banking products and services and have been always the best bank for small business owners. It also provides a businessman with a small lending capacity. It offers traditional bank financing along with commercial real estate loans and equipment financing. The bank also offers tailored financing solutions to those who run a healthcare business.