Business owners are encouraged to choose banking partners carefully when setting up a business. This involves meeting with these professionals in person and reviewing details like location and fees.
Watch the video to learn about Choosing a Financial Institution, then test your knowledge at the end of the lesson.
Of the following options, which matters most when choosing a financial institution to partner with?
A. Number of employees
B. Maintenance and ATM fees
C. Years in business
D. Banking hours
Which of the following financial tools offers potential for interest earnings?
A. Savings account
B. Certificate of deposit
C. Money market account
D. All of the above
In order to open a business bank account, you may need to verify your identity by showing your birth certificate and any insurance policies.
A. True
B. False