Whenever you are starting a new business, please take your time to carefully consider your bank.
Bank charges are typically not top of my priority list when choosing a bank. I worry that many people make it their priority, depriving themselves of other far more valuable things a bank can do for you.
I look out for:
- Technology
- Access to relationship – Does account officer have my time?
- Services/Products that enhance customer experience (example – Providus Bank gives you instant alerts like opay and also give you a phone that sees alerts without balances)
- Brand – Does the bank brand carry a strong brand that enforces brand trust to my customers?
- Charges – Will the POS charges align with the margins of the business? What other charges?
Your bank is your business partner.
You grow together.
You make customers happy together
You cry together
So you must choose the right partner to grow with.
This is not an advert for Providus Bank.
Via Chioma Ifeanyi-Eze
