Types of Business Accounts
Business savings and checking accounts offer different features and functions. Discover which type of business account best suits your company.
Business Savings
Opening a savings account allows you to keep money on the side for long periods for future purposes. As such, limitations on the number of withdrawals in a month may apply with a business savings account. Business savings accounts also require you to maintain minimum deposit amounts at all times. However, this type of account does not charge withdrawal fees.
Business Checking
Business checking accounts do not have minimum deposit requirements. You can withdraw money at any time without limitation. Cash withdrawals incur charges when you use ATMs but allow you to make daily cash withdrawals for small purchases.
How Can You Benefit from Applying for a Business Account?
Opening a business account allows you to process your transactions outside the traditional banking channels. Maintaining savings and checking accounts with multiple institutions can mitigate potential losses that may result from banking issues.
Explore how our business accounts operate and why they will prove vital for your company.
How Do Business Accounts Work?
A business bank account provides you with the tools to stay flexible and secure. Separate banking accounts for your business allow you to manage your cash flow in an efficient, systematic manner. The credit rating that your business account earns with each transaction will also unlock loans and company credit cards.
Why Do You Need a Business Account?
A new startup venture can benefit from a dedicated business account because it allows independent retailers and other small businesses to maintain tighter control of company finances. Our business accounts include cutting-edge features to keep track of transactions and facilitate large-scale sales and purchases.
How to Apply for a Business Account with Greater Alliance
At Greater Alliance, we make the most advanced financial processes simple and accessible. You can apply for a business account once you set up a personal savings account with a minimum balance of $100. Then, we will guide you through the business account application process.
Greater Alliance: A Greater Way to Bank
Join the online banking revolution by opening business accounts in Bergen and Passaic County with Greater Alliance. When you open a business account with us, you can start enjoying your membership benefits immediately. To please complete your paper application located under the disclosures and forms page and fax it to (201) 599-5505, mail or schedule an appointment at any of our branch locations.