BANKING
Get the most out of your money by finding the right provider 23
ICE CATEGORY ADVTS COMPARED BANK ACCOUN
BANKING ON SUCCESS
11-24 FEBRUARY 2025 STRICTLY FOR TRADE USERS ONLY
t business bank accoun Finding the right PRIYA KHAIRA s. is vital for succes s and benefits compares fees, serviceers to help across different providfit for their stores best retailers find the
FOR FIND THE RIGHTSFIT YOUR BUSINES
support It should also offer the ability to deposit when needed – especially for avail- overdraft, that With so many choices which cash easily or digital tools managing high cash know the right retailers or those who rely on able, how do you save time, choosing business? keep volumes, stocking up one is right for your consider bank can help retailers credit facilities for their finances and ahead of busy periods. “It is important to with control of handecisions for if a bank is compatible Retailers who regularly al- make informed your needs. It is day operations. sums of cash, process the future. not just you and bank ac- dle large speaking to your For retailers, it’s volumes or reThe right business to store ways worthfor extra support,” low, high transactionflexibility need about having a place should keep costs accountant nancial count fi makquire about Tenby of also Malone, money – it’s simplify daily transactions, to make sure their banking runs says Vince & Post Office in Pembro- and integrate with accounting ing sure every transaction eat into Stores choice works for them. smoothly, fees don’t where possible. sup- keshire. to an software, margins and the account Whether it’s access ports future growth.
business GETTING the right have an imbank account can profitability, pact on a store’s of day-tocash flow and ease
2025 11-24 FEBRUARY betterretailing.com
Image credit: Getty
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What TO ASK YOUR BANK important to ed your needs, it’s Once you’ve identifi the right questions ask potential banks cash deposits What are the fees for and withdrawals? can cut into profits. High transaction costs
for new businesses? the Do you offer free banking free banking for Some banks offer promotional first 12-24 months. are available? What lending options and credit facilities Business loans, overdrafts competitive. should be flexible and
processed? How fast are transactions payments, while others Some banks offer instant take longer. c support? Do you provide retail-specifi with retailers and wholeSome banks work closely cific advice. salers, offering industry-spe
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Retailer Amit Puntambekar following a recent attack
DISPOSABLE VAPES
DEPOSIT RETURN SCHEME
SHARING
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