A good banking relationship is crucial to your business operation and, in many cases, the financial survival of your business.
Even if you are satisfied with the service quality of your bank, you
should still meet with your bank at least once a year to discuss your
banking requirements and potential areas of improvements in products and
If you are not happy with the service of your bank, discuss it with
them and review your bank accounts and facilities. Before making the
decision to switch banks, ensure you thoroughly compare the services
provided by your current bank(s) with those of the new provider and
assess the strength of your relationship with your current lender.
Ask yourself are there some intangible benefits in using your current
lender who knows your banking and business history, which you may lose
in a new relationship?
Below is a checklist that you may find useful to review your bank accounts and facilities.
Click each heading below to read more.