Small businesses believe certain things to stay their business afloat. Things like constant access to cash and lowering on business expenses wherever possible are priorities when you’re a little business and below, we’re sharing a number of the ways DNV Inc supports these needs.
There’s one thing a little business must function and that’s income. Without it, employees, vendors, and suppliers go unpaid, and your business can quickly continue a downward spiral, racking up costs and losing necessary relationships.
Traditional banks are notorious for keeping your money and making it harder to urge immediate access to cash. fixing a business checking account can take time and tons of bureaucratic procedure – sometimes even requiring fingerprints! And counting on the sort of entity your business is and who the check is formed for , you’ll end up at a standstill in retrieving your funds.
Even if you are managing to urge a standard bank to cash your business check, they very likely may hold all or a percentage of the funds, which you’ve got no control over, and this hold is usually several days a minimum of.
At DNV Inc, we all know that some time is your business!
We’re here to urge you access to your cash on the spot, whether your business check is formed payable to you personally, or your business. All we’d like is proper identification and a speedy verification procedure. Setting yourself up as a registered business owner with DNV Inc streamlines this process for future transactions.
In fact, you’ll even get this process started by filling out this type online in order that once you need those business checks cashed fast, you’re already able to go! And when your check gets cashed, you’ve got immediate access. No holds. No bureaucratic procedure.
To cash a business ask DNV Inc, you pay a little fee. you’ll think that would add up to cost extra money than employing a traditional bank for your small business check cashing, but there are actually tons more to think about here.
First off, banks are infamous for charging an absorbent amount of fees. Some banks offer free business checking accounts, but additional potential fees are still included, like:
- Monthly service or maintenance fees (typically waived if you meet certain criteria, like meeting upwards of a $1,500 – $5,000 minimum balance)
- Cash handling fees
- Excess transaction fees
- ATM fees
- Overdraft fees
- Transfer fees
The best business checking accounts with the fewest amount of fees require tons of stipulations to be met, which just about always include having thousands of dollars in your account in the least times, alongside owning multiple sorts of accounts at an equivalent institution.
As a little business owner, this is often just not realistic as money has got to be moved around often, and having an outsized minimum on-hand in the least times is, for most, impossible.
When you add up all those fees, particularly the monthly ones, and consider the time it takes to urge the cash from your business checks, paying a little fee for immediate service far outweighs the alternatives for a little business.
Speaking of these fees from traditional banks, do they often disclose that information to you upfront? Usually not. Some are in plain sight, but most are hidden in fine print in lengthy handouts or online forms you electronically sign. Typically, you won’t even know they exist until you see the fees on your account. And if you don’t have the funds to hide the fees in your account – say hello to yet one more fee – the overdraft fee!
At DNV Inc, we pride ourselves on being transparent about all fees. You won’t find any hidden fees or undisclosed charges. We aren’t holding your money, so why would we charge you for it? We make it clear, at each location, the value of all services so you recognize the fees, whenever, before you even intensify to our Customer Service Representatives.
While many banks are moving towards full automation (meaning you can’t find a teller in sight), DNV employs friendly, relatable Customer Service Representatives to assist you together with your transactions. We all know the worth of a well-known face in your community and sometimes, you only want to talk to a person instead of a machine!
We also know the importance of flexible service, so we provide convenient ways for you to urge your business checks cashed, how and when it works best for you.
For established, registered business customers, we have a convenient Check Cashing by the telephone company. Simply upload a picture of your check and fill out a brief form. A DNV representative will verify your check before you are available to assist expedite the method. you’ll be notified when your cash is prepared to be picked up. Once you are available with the right ID and complete the verification process, you’ll get on your way in no time!