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Banking for Business

Banking for Business. Overview. Banking Services for Business Money Transmission Advice International Services Loans Leasing Night Safe Facility Paypath Documents needed when applying for a business loan. Banking Services for Business. Money Transmissions Methods of paying bills

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Banking for Business

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  1. Banking for Business

  2. Overview • Banking Services for Business • Money Transmission • Advice • International Services • Loans • Leasing • Night Safe Facility • Paypath • Documents needed when applying for a business loan

  3. Banking Services for Business Money Transmissions Methods of paying bills • Cheque Book • Credit Transfer (once off) • Standing Order (fixed amount) • Direct Debit (variable amount) • Plastic Cards (Visa, etc)

  4. Banking Services for Business Advice on: • Forms of business ownership • Sources of finance • Taxation

  5. Banking Services for business International services • Foreign currency exchange • Money transfers to other countries

  6. Banking Services for Business Loans • Short Term – Bank Overdraft (raw materials) • Medium Term – Term Loan (car or computer) • Long Term – Long Term Loan or Mortgage (loan for a house)

  7. Banking Services for Business Leasing • Renting vehicles and equipment

  8. Banking Services for Business Night Safe Facility • Putting money into the bank after opening hours

  9. Banking Services for Business Paypath • Paying employees wages directly into their bank account by bank giro/credit transfer

  10. Documents needed to accompany a loan application from a company • Memorandum of Association (external rules) • Articles of Association (internal rules) • Written agreement of directors • Signatures of people authorised to sign cheques • Proof of where the deposited money has come from

  11. Recap/Review • Banking Services for Business • Money Transmission • Advice • International Services • Loans • Leasing • Night Safe Facility • Paypath • Documents needed when applying for a business loan

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