The credit union can accept international currencies for global clients. With today’s online ordering, this feature may quickly become a concern for businesses with an international market. Learning how to ship and accept overseas payments helps build your business on a new level too. One you previously may not have considered.
More importantly, business checking accounts sometimes are set up to share responsibilities with multiple users. Meaning, more than one person is authorized to write checks, make debit card purchases and business credit card transactions, deposit funds, make transfers, and more. This shared privilege relieves the business owner of some easily assigned tasks.
Finally, with multiple people having access to the same account, keeping up-to-date on the account balance and activity is critical. Online balance alerts keep you informed of account activity. Warnings help avoid overdrafts while account monitoring catches potentially fraudulent activity or misuse of account privileges. Set up alerts in online banking for balances, cleared payments, and more. We even offer the ability to customize alerts via email or text message. We always have the solution to keep your business account running smoothly.