Free checking accounts are something that every small business owner needs. They help owners simplify their financial management by eliminating unnecessary fees and providing easy access to essential financial services. In this blog, let’s see how a checking account like this helps an optical shop owner. For that, consider the following hypothetical situation.
Meet Jennifer, the owner of a reputed optical shop in a small American town. The comfort of the contact lenses she provided and the classy look of the sunglasses she offered made her products popular in the area. However, like any other business owner, she, too, faced challenges.
Jennifer currently uses a traditional checking account, which comes with a lot of fees. Every month, she faces a $15 maintenance fee for failing to meet her checking account’s minimum balance requirement. During some months, the number of transactions she makes is over her checking account’s limit. Those times, she has to pay an additional $0.50 fee.
Jennifer did not really notice these amounts cutting from her account until her quarterly review. Over the past three months, Jennifer has spent over $150 on checking account fees alone. That’s when she realized that she could have used this amount to restock popular frames or invest in updated lens equipment.
Fee-free checking accounts from Zil.US are the only solutions that business owners like Jennifer, who are tired of their traditional checking account fees, can rely on.
Why Fee-Free Checking Account?
With the fee-free checking account from Zil.US, business owners never have to worry about unnecessary fees cutting their profits. First of all, there are no initial fees, which means you can open the account without any initial investments. Since there are no initial fees and there is also no limit to the number of checking accounts you can open, you can create multiple accounts easily and assign each of them to your multiple business operations. This makes your funds more organized, and you will have a clear idea of which area gives you the most profit and which area creates loss.
The checking account from the cloud-based platform also does not have maintenance fees or other fees. Also, there is no requirement for a minimum balance and minimum deposit. This means that you can spend your money according to your needs. You can fully use the funds available. The checking account from the platform will never prevent you from doing it or charge you fees.
Open A Checking Account from Anywhere
The ability to open a checking account when you are not in the US is important, especially for foreign entrepreneurs who are trying to have a position in the US market. Let us again consider the case of Jennifer.
Jennifer is not from the US; she is from India. She has a registered business in the US, but she is not in the US all the time. It was when she was in India she got to know about the fee-free checking account from Zil.US. Frustrated with all the losses she previously had due to the fees of her traditional checking account, she needed the fee-free checking account right away. The only problem was she wouldn’t be able to come to the US for another month as she was busy handling something in her hometown.
The benefit of checking accounts from the cloud-based platform is not just that it does not have any fees; they can also be opened from anywhere in the world. All you need is an internet connection and your electronic device like a laptop or tablet, etc.
Choose From the Multiple Payment Options
From the platform’s checking account, you can make payments via the different payment options available. The cloud-based platform offers options like ACH, wire, virtual card, etc.
The platform is an official member of NACHA, which is the regulating body that controls and monitors the ACH network. This means that you can make ACH payments with the most convenience using the cloud-based platform. ACH payment is one of the low-cost B2B transaction methods available today.
You can make both international as well as domestic wire transfers with the cloud-based platform. International wire transfers deliver your funds within a few days, depending on your destination. Meanwhile, domestic wire transfer only takes a few hours.
Creating and sending virtual cards is easy with the platform. For making the payment, you have to just fill your wallet from your checking account. Funds will be deducted from the wallet each time you make a payment. You can send your virtual card via email with the platform.
Conclusion
You can solve all the problems of traditional checking accounts with free checking accounts from Zil.US. The platform’s fee-free checking account allows you to open and maintain the account without any tension of charges. The ability to open a checking account anywhere in the world allows business owners like Jennifer to take control of their finances, no matter where they are.
