Small Business Online Banking

My online business provides a steady stream of companies looking for business capital and business loans. I want to contact the small business loan department of a bank, such as Bank of America, Capital One, American Express, and sell them membership (if they are a member, they can see hundreds or even thousands of hot prospects every month). How do I find the contact phone and person? I contact customer service of Bank of America but they don't give the contact information to me. Besides, should I contact their e-commerce marketing department, or the loan department, or both?

Those companies don't need outside marketers like you to sell their services. Find much smaller businesses to market to, the ones that don't already spend millions on their own advertising.

2006-05-03 07:03:31 by happyceo

This video was produced by www.smalbusinessdoer.com I have a 9 1/2 minute video about business banking. That's right -- you read it correctly ...

We're starting up online and need to open a business account in Detroit. Any thoughts/insights as to who we should use?

There's really no preference. But, I like to use small local banks -- they're more likely to allow you to have a merchant account without a lengthy wait period.

2007-03-20 10:50:08 by Fooltothink

Price: $229.95 $139.36

Get reliable records for tax time
Organize your finances all in one place
Easily create professional looking invoices and track sales and expenses

I have all of my business income and expenses on my personal bank account, and I made about $4,000 on my business this past year.

I was wondering if there is an easy form for this, being that it is such a small business....my expenses were probably about half as much.

Thanks.

Compute your business profit on IRS Form 1040 Schedule C-EZ

2008-01-03 14:17:21 by Jerry R

Price: $995.00 $995.00

I need to know a few things:
1. At what point must I start paying taxes on the money we make (this is selling things as much as you would at a yard sale, maybe $200 per month right now) and who pays the taxes? The company itself?

2. Where can I go to compare checking account rates for this type of account? (I will not need to borrow money)

3. What do I need in order to open the bank account once I choose a bank (I'd like to earn interest on the money)

4. Do you have to have a license to have a small business online? What about sales tax?

I'm a personal banker at a bank so maybe I can help you:

First, the taxes are going to depend on what state you live in, so you would want to check with your state on that.

Second, I would call around or visit some banks and let them know what you need, most are very helpful and could give you that information in only a few minutes.

Next, you will have to have everyone with you who will be on the account (ex. if it's you and your sister they would require you both to be there.) Also, you would need some sort of identification driver's license, passport, military ID, etc. You would also have to have the papers you filed with the state to show that the business is real and does belong to you, along with the company's tax ID number.

2008-01-16 09:44:40 by Michele M

Good morning (EDT)!

I have a small business here in Canada and am interested in potentially adding my business to the payee list on online banking so that my clients can deposit directly to me.

I wanted to get some advice from someone who has done this or knows about the process. I have asked the bank and they haven't gotten back to me yet.

What's involved in doing this? Does it cost anything and if so, how much? Is there documentation available online regarding doing this? If I set up with my bank, do I have to set up with other banks I want to be listed with or can my bank coordinate this all for me?

Thanks for any help you can offer.

In the US, it mostly depends on how many people are sending bills to that payee. The more bills get sent out, the bigger likelihood the bank is going to want to stop writing checks and paying postage and will just direct deposit the bills.

Sounds like you're not running a megacorp, so you're probably stuck getting paper checks every time someone wants to pay you.

2007-03-30 07:31:06 by Air Hockey Canada