Is it possible to open free checking accounts? Let’s understand from this blog!
America is one of the largest producers of dairy products, and 97% of US dairy farms are family-owned. When you think of a dairy farm, the first image that may come to your mind is red barns and cows that are milked by hand. However, dairy farms and farmers have considerably grown and transformed over the years with the help of technology. Now, you can see robotic milking systems, automated feed mixers, and precision technology revolutionizing the traditional dairy farm.
If the entire production process can be digitalized, why can’t the financial side be digitalized as well?
It is possible! To better understand how digitalizing financial operations can help you as a dairy farm owner, you should first realize the inefficiencies that you are facing now when using traditional methods.
Inefficiencies Of Traditional Financial Management Methods
Let’s say you need to open a checking account for your business. When you are following traditional methods, you may have to visit your financial institution for opening the account.
Now imagine that you somehow managed to spare time from your busy schedule and opened a checking account. But again, there are multiple other inefficiencies when considering traditional accounts.
First comes the fees associated with traditional accounts. When using traditional checking accounts, you may have to deal with multiple fees like initial fees, monthly fees, and other hidden charges. All these fees can drain your profit and prevent you from growing your business.
Assume that you are okay with these fees, but even then, the problems are not completely solved. Traditional checking accounts demand minimum deposits and minimum balances. Both these requirements can create additional challenges for your dairy farms.
Why Dairy Farmers Are Switching to Online Checking Accounts?
The answer to this question is simple. The reason behind this major shift is the convenience of online checking accounts. Dairy farm owners do not need to travel anywhere for opening online checking accounts. They can easily do that while at their farm or home.
Now comes the question of how you can open an online checking account. This answer is also very simple. Zil.US helps you to open any number of online checking accounts at your convenience. Apart from offering you the ability to open an account from home or farm, the platform even allows you to open accounts from outside of the US. That is, you can manage your finances even when you are not in the US.
No More Financial Stress
With checking accounts from Zil.US, farm owners don’t have to worry about fees or other similar financial burdens cutting their profits. The platform’s checking accounts come with no initial fees, monthly fees, or any other fees. That is, you can use the complete profit you make for your needs and not lose a portion of it to unnecessary expenses.
Also, if you are using the platform’s checking account, you don’t have to keep minimum balances in your account or have a minimum deposit. That is, with the platform, you have total control of your finances. At times when you need to invest your complete savings in your business, you can do that without any second thought.
In short, Zil.US empowers dairy farm owners to focus on their business and not on their financial burdens.
Best Payment Methods for Dairy Farm Owners
From the checking accounts offered by Zil.US, you can transact funds in multiple ways. The platform offers dairy farm owners different payment methods to pay their suppliers.
- First, let’s discuss about ACH payments. They are one of the common and low-cost solutions for making B2B transactions. The ACH network is guided by NACHA and Zil.US is an official member of NACHA. This means that businesses can make ACH payments at their most convenience when using the cloud-based platform. The platform also offers same-day ACH, which is useful when you have to make urgent payments. This feature allows you to deliver payments within the next business day.
- The next payment option offered by the platform is wire transfers, which can be sent both domestically and internationally. For making domestic transactions, you only need the routing number and account number. On the other hand, for making international transfers you may need specific codes like SWIFT or IBAN. Farm owners can transfer huge amounts using this method as they offer high transaction limits.
- The cloud-based platform also offers virtual cards that have the same capabilities as physical cards but are stored on your phone for easy access. Farm owners can instantly create and send virtual cards with just a few clicks. Each time when you pay using your virtual card, the money will be deducted from your wallet. And when the wallet balance becomes zero, you can recharge it with your checking account.
Conclusion
Dairy farm owners can open free checking accounts easily with the help of Zil.US. The platform’s checking account, which comes with no fees or any other additional requirements, allows you to manage your finances based on your needs. The cloud-based platform even offers multiple payment options with which you can pay each of your suppliers in their preferred way.
