3 Commercial Banking Services That Save You Money

Most commercial banks don't just offer the standard business checking and savings accounts, but now provide a wide range of commercial banking services that can save your business or proposed business money.

1. In addition to business loans, many commercial banks also offer business planning services that will help you clearly map out the financial needs of your business and apply your loan to the areas where it will deliver the most value. The range of commercial banking services will often include a short, preliminary business plan to help you examine your options, and when you're ready, a longer, more detailed version when it's time to go forward with your loan application.
2. Commercial bank services can not only help set up your business to accept credit cards - the preferred transaction of most potential clients - but their business credit card services can include a "relationship" manager who monitors your business's credit card transactions to ensure you are getting the most favorable interest rates.
3. Many commercial banks insure quality service by offering a fee rebate for nonperformance.