Every business requires a corporate bank account. As a business owner, you will need to open a corporate bank account to facilitate the collection of payments from the sale of your goods and services. You will also require an account to make payments for goods and services rendered to you. In this article, we will be comparing the various corporate bank accounts available to newly set up companies. Banks usually have different tiered levels of corporate bank accounts. We will be looking at their basic corporate bank accounts which are the most cost-effective solutions to new startups.
In most cases, you do not have to visit the various bank branches to open your corporate account. The bank has appointed mobile bankers who can meet you at your convenient time and location.
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
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