Summary:
Granted, we might be a little biased, but we’re pretty sure that online banking is awesome. After all, it’s not just faster and more convenient, it can also be a strategic tool to help businesses grow. Ready to upgrade from your local brick and mortar bank? Here are tips to set up and manage online banking for your business, get features that give you more financial control over your operation and discover practical (not to mention, simple) ways to make the most of the money you earn.
Why Online Banking Matters
Online banking gives business owners the power to manage their money anytime, anywhere. And features like mobile check deposit, real-time transaction tracking and seamless integration with accounting software, make it easier than ever to stay on top of your business’ financial health…whether you’re in or out of the office.
How to Set Up Your Account
Getting started is simple:
- Choose the right account– Look for one that offers no monthly fees, unlimited transactions and digital tools to support your growth (Incidentally, we know one that checks all those boxes).
- Enroll online– Online business accounts can be opened in minutes.
- Keep access secure– Use strong passwords, enable two-factor authentication and monitor your account regularly.
How to Manage Finances Online
Once your account is set up, managing your finances quickly becomes second nature:
- Automate bill payments to avoid late fees.
- Use the mobile app to deposit checks and track spending wherever you are.
- Download statements for easy bookkeeping and tax prep.
First Internet Bank’s Do More BusinessTM Checking includes Cash Flow Analysis. A tool to help you understand where your money is coming from and where it’s going, so you can make informed decisions, plan for growth and avoid cash shortfalls. Think of it as a financial weather forecast for your business.
Tips for Maximizing Business Growth
To get the most out of your online banking experience:
- Link your account to accounting software like QuickBooks or Xero.
- Set up alerts for low balances or large transactions.
- Use forecasting tools to anticipate future cash needs.
Ready to grow your money faster? The Balance Optimizer in Do More Business Checking automatically moves excess funds – based on a daily target balance you establish – from your checking account into a high-yield Business Money Market or Business Savings account, so your money is always working harder for you. Fall short of your daily target? Funds are automatically moved back to your checking account. It’s that easy.
Final Thoughts
The best online banking for small business is about much more than convenience: it’s about control, insight and growth. With Do More Business Checking, featuring Cash Flow Analysis, Balance Optimizer and other vital financial tools, First Internet Bank gives you the digital edge to manage your finances smarter and scale your business with confidence.
