Small Businesses: How to Avoid Too Many Trips to the Bank

    Nov 14 2014

    Topics: Small Business

    If you own a small business, you have better things to do than your waste time travelling to the bank, waiting in line, and completing banking transactions in person. This is time consuming and in today's day and age, completely unnecessary. You could be spending time working closely with your staff and engaging with customers. Avoid unnecessary trips to the bank.

    Switch to online banking.

    With traditional banking, you're required to make several trips to the bank during business hours. This is time consuming and inconvenient. Nowadays, you can take care of most of your banking needs online. If you're not already taking advantage of the benefits of online banking for your small business, you need to stop wasting time and update your practices. This will seriously reduce the number of trips to the bank.

    With online banking, you'll be able to complete routine transactions quickly and easily. Unlike traditional banking, you will be able to access your account and complete transactions whenever and wherever you'd like. One of the unique business advantages of online banking is the ability to transfer money quickly. You'll also be able to monitor your business account more whenever you want, from virtually anywhere. You can even import data into accounting software. Managing your accounts will be easier than ever with online banking.

    When it comes to bill payment, you won't have to spend time and money fussing with cheques, envelopes, and stamps if you're using online banking. Pay your bills efficiently and avoid another unnecessary trip to the bank.

    In addition, using online banking is environmentally friendly. You would be cutting down on the number of car trips to the bank, meaning fewer carbon emissions. Plus, online banking eliminates a lot of the paperwork involved with the banking process, meaning less paper waste.

    Use a cheque scanning device.

    Nowadays, one of the only reasons you still need to visit a bank is to deposit cheques. Invest in a cheque scanning device to avoid unnecessary trips to the bank. If you're already doing most of your banking online, take one more step and use a cheque scanner to further reduce the need to visit the bank.

    How does it work? Simply scan a cheque using the device. It will take a digital image of both sides of the cheque. The digital cheque is then sent to your bank electronically. That's all you have to do! It's so simple. Next, you just need to wait for the cheque to clear. This shouldn't take long at all. Cheque scanning devices ensure speed, security, and efficiency. You will see a return on your investment in no time. Invest in a cheque scanning device and eliminate the need to go to your local branch to deposit cheques.

    As a small business owner, you should always be looking for ways to improve your business practices to save time and money. In today's digital age, there's really no need to make regular trips to the bank for routine transactions, bill payments, or cheque deposits. Switch to online banking and invest in a cheque scanning device to avoid unnecessary trips to the bank.

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    Andrea Lombardi

    Andrea Lombardi

    Andrea joined the CashTech team upon its inception in 2003. Learning the business from the ground up, she now utilizes her expertise in account management, planning, and negotiation while managing the daily operations of CashTech’s sales, marketing, and logistics departments. Andrea holds a bachelor’s degree from the University of Western Ontario. She enjoys travelling and has a passion for personal fitness, including obtaining her kettlebell certification. Andrea lives in Toronto with her husband and two young sons.

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    CashTech Currency Products Inc.
    1040 Cardiff Boulevard
    Mississauga ON, L5S 1P3