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What banks can do for you

Business banking is a fiercely competitive market and high street banks now offer added-value services to small and medium-sized enterprises

Moving bank accounts

Are you still getting a good deal, and just as importantly, good support from your bank? If not, it could benefit your business to switch banks. The money your business spends on banking can add up over the year – all money better off helping your business. You could pay for a business mobile phone, buy new software or even a new PC with the money saved.

Business Banking basics

In order to open a bank account, even a basic one, all banks and other financial institutions must go through a series of checks to try to minimise the effects of money laundering.

How interest rates affect your business

When it comes to the cost of borrowing, burgeoning UK ventures have rarely had it so good. Base interest rates are at historically low levels, having been on a downward trend since the late 1980s. But this could be about to change.

Keep your cash flowing

Without wanting to overstate the obvious, cash is the lifeblood of your business. Running out of it could finish you off. Cash flow is the balance of all the money flowing in and out of your business and forecasting it will make you better prepared for peaks and troughs throughout the year

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