Commercial Banking Online: Save Time Through The Web

Many businesses are now taking advantage of commercial banking online.

Save time Through the Web

Commercial banking online offers up to the minute data in real time. Any information you access online is accurate at that moment, an important advantage when an immediate and critical financial business decision must be made.

Online banking can often be customized to meet the specific needs of an individual business. It not only saves time by making your business accounts and financial information available to you at any time, it also offers the convenience of letting you initiate or schedule a financial transaction outside conventional business hours. These transactions include transferring funds from one account to another account in a different financial institution, or stopping payment on a check. You can also access your historical date on line, such as activity reports and balance summaries.

Another convenient commercial banking online service is known as sweeps. A sweep automatically checks the balances on certain accounts and triggers an alert when it exceeds a certain limit.

Online banking now also offers lockbox services that provide the customer with access to images of deposit records and checks over the web.

Check your 3 Credit Scores here for Free.

Commercial Banking Online: Save Time Through The Web

MORE ARTICLES ABOUT Banking & Credit