Why Your Business Needs a Commercial Account Today

Having a commercial account can be a game-changer for your business, providing you with the tools and resources you need to succeed.

A commercial account can help you save money on everyday purchases, with some businesses offering discounts of up to 50% off regular prices.

With a commercial account, you can also take advantage of special financing options, such as extended payment terms and low-interest rates.

A commercial bank account can be a savings account, checking account, or merchant account for your business. These accounts are specifically designed for businesses and corporations, offering features like earnings credits based on the average account balance.

A commercial bank account is a must-have for businesses with high account activity, as it provides a means to manage your business finances separately from your personal ones. This is crucial for your overall business accounting and can make processes easier at tax time.

There are different types of commercial bank accounts available, each with its own set of features and benefits. For example, a Basic Business Checking account is ideal for businesses with low account activity, with no monthly maintenance fee or minimum balance requirement.

Here are some common types of commercial bank accounts:

A commercial bank account can also provide access to other banking products that can help your business thrive, such as loans, treasury and cash management services, and employer services like payroll processing and group retirement plans.

Having a commercial bank account can be a game-changer for your business. It provides a means to manage your business finances separately from your personal ones, which is crucial for your overall business accounting.

A commercial bank account can make processes easier at tax time and can reduce your personal liability on the account. This is because you can keep your business and personal finances separate, which is a must-do for finances.

One of the key benefits of a commercial bank account is its online banking features. You can view banking account balances, transfer balances, and pay bills directly from your computer, smartphone, or tablet.

A commercial bank account can also help with credit card processing. If your business accepts credit cards for payment, a merchant bank account can be used to front your business the proceeds from credit card payments before the charges are actually processed through the card issuer.

Here are some additional benefits of commercial bank accounts:

Having a commercial bank account can also expand access to your finances to your designated employees. This means you can get support with depositing funds, making payments, and managing accounts, which can be imperative as your business grows.

Some commercial bank accounts, like Small Business Interest Checking, can even earn interest, putting money back into your business.

A commercial bank account can help you manage your business finances separately from your personal ones, making it easier to keep track of your business accounting. This is especially important for tax time, as it can reduce your personal liability on the account.

You can expect to pay a monthly service fee for a commercial bank account, which may be higher than what you'd find with a personal account. However, this fee can be offset by the convenience of online banking and mobile banking features.

To choose the right commercial bank account for your business, consider the following options:

You can earn interest on your savings with First Citizens Bank, and they offer flexible options to reach your goals.

Their savings accounts have no monthly maintenance fee if you keep a $300 daily ledger balance. If you don't meet this requirement, you'll pay a $10 fee each month.

The first 50 transactions per month are free, but after that, each transaction costs $0.50.

If you're depositing a large amount of money, you'll want to know that the first $5,000 deposited is fee-free, but after that, there's a $0.20 fee for every $100 deposited.

You can choose between tiered interest rates or steady-rate CDs to suit your needs.

Having a commercial bank account can provide your business with a range of benefits, including a dedicated account manager and priority customer service.

A typical commercial bank account can have a minimum balance requirement, which can range from $500 to $5,000, depending on the bank and the specific account type.

Many commercial bank accounts come with debit cards, allowing business owners to make purchases and withdrawals on the go.

Online banking is a standard feature of most commercial bank accounts, enabling business owners to manage their finances and make transactions from anywhere with an internet connection.

Some commercial bank accounts offer overdraft protection, which can help prevent unexpected overdraft fees and provide a safety net for businesses with fluctuating cash flows.

Businesses with high transaction volumes may benefit from a commercial bank account with no monthly maintenance fees, especially if they have a large number of transactions per month.

Commercial bank accounts often have higher transaction limits compared to personal bank accounts, allowing businesses to make larger purchases and manage their finances more efficiently.

Commercial bank accounts can be customized to meet the specific needs of a business, including adding additional signers or users to the account.

Middle Market Banking is a crucial aspect of commercial banking, offering options to help businesses thrive.

Our commercial bankers can provide options to help your business expand, manage financial risk, or stay more competitive in the market.

Whether you're looking to increase revenue, reduce costs, or improve cash flow, middle market banking can help you achieve your business goals.

Commercial bankers can offer tailored solutions to address specific business needs, such as financing, cash management, and risk management services.

Managing the finances of a commercial account can be a complex task, but understanding your options can make a big difference. One common financing option is a merchant cash advance, which allows businesses to borrow money based on their future credit card sales.

This type of financing can provide quick access to funds, often within a few days, and is typically used by businesses that have a high volume of credit card sales. In some cases, a merchant cash advance can be more expensive than traditional loans, so it's essential to carefully review the terms and conditions.

With a merchant cash advance, you'll typically receive a lump sum upfront and then repay the amount, plus fees, through a percentage of your daily credit card sales.

When looking to finance your franchise, you have a variety of options available.

First Citizens Bank offers bank deposit products, which are insured by the FDIC and provided by an Equal Housing Lender.

You can use their commercial online banking system, which includes a lockbox and online treasury solutions.

This means you can access your finances remotely and manage your business's financial needs more efficiently.

Additionally, you can use remote deposit capture to deposit checks from anywhere.

If you need to finance equipment, First Citizens Bank offers equipment financing and leasing options.

You can also use their worldpay IQ merchant services to process transactions and manage your business's financial transactions online.

Small Business Interest accounts offer a powerful way to earn interest and put money back into your business. You can earn interest on your balance, which can be a great way to grow your business over time.

With an Earnings Credit Allowance (ECA), you can offset up to all checking and cash management fees based on your balance. This means you can save money on fees and keep more of your hard-earned cash.

The more you deposit, the more you can earn on excess balances with tiered interest rates. This incentivizes you to keep a healthy balance in your account, which can be a great motivator to manage your finances effectively.

Your account is protected with industry standard encryption, giving you peace of mind when accessing your account online. You can access your account securely with a personal PIN, which adds an extra layer of security.

Managing your business finances separately from your personal ones is crucial for overall business accounting. A commercial bank account can help you achieve this goal.

Commercial bank accounts often have features like online banking and mobile banking, allowing you to view banking account balances, transfer balances, and pay bills directly from your computer, smartphone or tablet. This can make processes easier at tax time and reduce your personal liability on the account.

By opening a commercial bank account, your business can access other banking products that can help it thrive, such as loans and other credit products, treasury and cash management services, and commercial real estate services.

Here are some benefits of using a commercial bank account:

By using a commercial bank account, you can also expand access to your finances to your designated employees, making it easier to manage accounts, make payments, and deposit funds.

Removing a checking account from your business can be a straightforward process. This is especially true if your business has higher levels of activity and uses powerful cash management tools.

You can keep your business growing by having multiple checking accounts tailored to different aspects of your business. This can help you manage your finances more effectively.

Commercial checking accounts are designed for businesses with higher levels of activity. They often come with features engineered to meet the needs of businesses like yours.

If you're not using a commercial checking account, it may be worth considering. This can help you take advantage of the features and tools that can help your business thrive.

You can make accounting easier with QuickBooks and Comerica. If your business already uses QuickBooks for accounting, you can use it online with your Comerica small business checking account to do your business' banking anytime it's convenient.

You can transfer funds between Comerica accounts, track accounts receivable and payable, and monitor inventory, compile invoicing, and write purchase orders. This integration makes it easy to manage your business' finances in one place.

Comerica Web Banking and Comerica Web Bill Pay are also available to help you manage your business' finances and cash flow. You can check balances, make deposits, and control all your accounts right from your phone using the Comerica mobile app.

The Comerica mobile app offers features like text banking, Click&Capture check deposits, and more. You can also download transactions directly to Quicken or QuickBooks to keep your business' finances organized.

Comerica offers extra security features like fraud detection, Mastercard Zero Liability protection, identity theft resolution services, and digital instant issuance to replace your card if it's lost or stolen.

Managing your business finances can be a daunting task, but having the right tools can make all the difference. A commercial bank account is a must-have for any business, providing a means to manage your business finances separately from your personal ones.

With a commercial bank account, you can enjoy features like online banking and mobile banking, making it easy to view banking account balances, transfer balances, and pay bills directly from your computer, smartphone, or tablet. This convenience can be a game-changer for small business owners who need to stay on top of their finances.

A commercial bank account can also help with everyday transactions, such as credit card processing. If your business accepts credit cards for payment, a merchant bank account can be used to front your business the proceeds from credit card payments before the charges are processed through the card issuer.

Some business checking accounts, like Comerica's Small Business Checking, offer big business tools with the freedom to make more transactions per month. Another option is Comerica's Commercial Checking, which provides powerful cash management tools and other features engineered for businesses with higher levels of activity.

In addition to these features, some commercial bank accounts offer integration with accounting software like QuickBooks. For example, Comerica's small business checking account can be used online with QuickBooks to manage your business' banking anytime it's convenient.

Here are some key features of Comerica's commercial bank accounts:

By choosing the right commercial bank account for your business, you can get more from your checking and manage your business' finances with ease.

A commercial bank account is a must-have for any business, and here's why. It allows you to manage your business finances separately from your personal ones, which is essential for overall business accounting.

Having a commercial bank account makes processes easier at tax time, and it can even reduce your personal liability on the account. This is a huge relief, especially if you're running a business with multiple transactions.

A commercial bank account often comes with features like online banking and mobile banking, giving you the ability to view banking account balances, transfer balances, and pay bills directly from your computer, smartphone, or tablet. This convenience is a game-changer for busy business owners.

If your business accepts credit cards for payment, a merchant bank account can be used to front your business the proceeds from credit card payments before the charges are processed through the card issuer. This helps you manage cash flow and make timely payments.

Here are some additional benefits of having a commercial bank account:

Having a commercial bank account also expands access to your finances to your designated employees, making it easier to manage accounts and make payments. This is especially important as your business grows and you need more people to take on management and accounting tasks.

By opening a commercial bank account, you can earn earnings credits, which are based on the average account balance, instead of earning interest on your account. While interest rates on commercial bank accounts may be lower than what you'd find with a personal account, the benefits far outweigh the costs.

A commercial bank account can be a game-changer for your business. It provides a means to manage your business finances separately from your personal ones, which is essential for your overall business accounting.

Having a commercial bank account can make processes easier at tax time and reduce your personal liability on the account. This is a must-do for any business owner who wants to keep their finances organized.

A commercial bank account often has features like online banking and mobile banking, giving you the ability to view banking account balances, transfer balances, and pay bills directly from your computer, smartphone, or tablet.

You can use a commercial bank account to front your business the proceeds from credit card payments before the charges are processed through the card issuer. This can be a huge help if your business accepts credit cards for payment.

Here are some key features of commercial bank accounts:

A commercial bank account can also give you access to other banking products that can help your business thrive, such as loans and other credit products, treasury and cash management services, commercial real estate services, and employer services like payroll processing and administering group retirement plans.

Having a commercial bank account can be especially helpful as your business grows and you need more people to take on management and accounting tasks. It expands access to your finances to your designated employees, allowing them to get support with depositing funds, making payments, and managing accounts.