ACH payments are used by most people in the world today, even if they aren’t aware of it! This amazing technology is used to pay bills, transfer money between accounts and receive income; yet so few people actually know what it is or how it works. Maybe that’s a testament to just how common it is - people don’t even realize they are using it! So what is ACH? ACH stands for Automated Clearing House, and loosely defined, it is the electronic delivery of money in and out of your... [More]
There have been many articles written on the topic of the “Personal Guarantee” as it relates to commercial loans. Traditionally, when a business owner comes to a bank requesting a commercial loan, one of the requirements is the owner’s Personal Guarantee. In a nutshell, the bank wants the owner’s promise that if the business fails to generate enough income to repay the loan, the owner(s) will step up and make sure the obligation is satisfied.
In today's society, online banking is a given – not only for personal use, but for businesses as well. Every business needs online banking to check balances, verify transactions and to pay their employees via direct deposit. Online banking is an extremely valuable product that can save businesses time and money if utilized properly.
So this begs the question - if it’s so necessary, why do so many banks charge for it?
While online banking makes life so much easier for the end busine... [More]