When it comes to business, having the right tools will make a crucial difference in the development of your business. One option is to open a free online banking account for your business purposes. Banking online can help you save time, effort, and money by reducing or eliminating trips to the bank, providing fee waiver and other offers. Open multiple business bank accounts for free at Zil and manage your company’s finances easily.
Online Bank and Safety Concerns
In contrast to traditional banks, online banks are solely web-based and never have physical locations. Customers can contact these banks either through phone, email, or live chat. People frequently conduct online banking transactions on their phones or tablets. A desktop pc is also an option.
A lot of people worry about how safe online bank accounts are.
You will be asked for personal information such as your name, address, and Social Security number when you open an online bank account. This information is kept strictly private and is only used to establish your account. You will also need to create a user ID and password. Choose a strong password that others will find difficult to guess. If you want a secure online free bank account for your business, Zil is the place to go.
Business Banking Account
One of the first things you should do when starting a business is open a small business bank account. This differs from a personal account in many ways. To begin, you’ll need legal proof that your company is legal, such as a business license or articles of incorporation. You can accept payments for your goods or services and pay your business expenses once your account is open. Your account can also be used to track your income and expenses, which is extremely useful. Zil provides one of the best online banking accounts for business purposes, and with Zil, you can be confident that your account is secure.
What Is a Checking Account?
A checking account is a deposit account held at a bank or other financial institution that allows the account holder to make deposits and withdrawals.
Checking accounts are more liquid than other types of accounts because they allow larger deposits and withdrawals. Checking accounts do not pay much, if any, interest. This is the price you pay for having more control over your money. Open a checking account at Zil the best online banking account for all your business purposes.
Make Payments Using Zil’s Online Banking Account
Direct Deposit
Unlike paper checks, “direct deposit” refers to the electronic deposit of funds into a bank account. The use of an electronic network that allows for interbank deposits is required for direct deposit. This is referred to as a “automated clearing house” (ACH). Because the funds are transferred electronically, the recipient’s account is automatically credited; there is no need to wait for the funds to clear. Our platform, Zil, provides direct deposit for all your business purposes from payroll to other purposes.
Debit Card
Debit cards have 16-digit serial numbers. They can be used to make both online and in-store purchases. The card also has an expiration date on it. Furthermore, the card bears the cardholder’s name. Debit card transactions are funded with funds from your bank account. Send and receive money using debit card, shop them online or offline.
ATM Transactions
ATMs are machines that allow people to withdraw money from their bank accounts. You may be charged a fee if you use an ATM that is not owned or operated by the bank at which you have an account. Use debit card in ATM without any ATM fees.
ACH
When you transfer money from one bank account to another, you use the Automated Clearing House network. Online payments can be made via ACH transfers. They are frequently used to pay bills or make direct deposits. The Automated Clearing House Network handles transactions in groups three times per day. Send money using ACH at Zil.
Wire Transfers
A “wire transfer” is an electronic method of sending money to another person. This is accomplished through the use of a global network managed by banks and other financial institutions. The person receiving the funds must provide their name and account number for a wire transfer. Cash transfers are done in person, whereas wire transfers are done electronically. Use Zil to make domestic and international money transfers with minimal effort.
Deposit Check
Zil, the cloud-based banking platform, lets users deposit checks online with a few clicks. Users have to enter the amount, select the payee, and upload the front and back images of the check to deposit it. Zil’s online check deposit feature is fast, free, and convenient for busy people.
Establishing an online banking account for business purposes is critical to the success of your business. As your company grows, having a business account will make it much easier to manage your finances and track your expenses. It is preferable to open a separate account for personal and business funds to maintain privacy between your business and personal funds. Open a zero-balance account at Zil to avoid any hidden or ongoing fees.
