The Small Business Doer

I have a 9 1/2 minute video about small business banking. That’s right – you read it correctly – nine and a half minutes about small business banking. Why would you want to sit through this small business banking comparison video?

• You’re wondering if you need to open up a business bank account
• You want to know how to open a business bank account
• You want to know the difference between a business and personal bank account
• You want to know why it is not a good idea to mix business and personal banking
• You want to know how to get a business credit card
• You want to know about getting business cheques

Small Business Banking Comparison

I interviewed Michele from Vancity Savings Credit Union, which is the largest credit union in British Columbia (BC), Canada. You should take note that banking rules and regulations differ between banks, provinces, states, and countries. As such, make sure to double-check with your bank about your specific small business banking needs.

I spent a few hours trying to include the most pertinent information and making sure the information was as accurate as possible. If there’s anything I missed or if you have any questions, please do leave a comment below.

Resources

Here are some resources on small business banking:

• 5 reasons not to mix personal and business banking
• Business Name Registration (for British Columbia residents only)
• Business cheques at ASAP Cheques. I’ve used ASAP cheques instead of the big boys, Davis + Henderson, which is a company a lot of the banks use for printing cheques. I couldn’t tell you the difference, but ASAP cheques has worked well for me and is definitely a more affordable route to go for business cheques
• Vancity Savings Credit Union. I bank with them and have always had great service. Highly recommend for business banking in BC.