4 Ways Online Banking Can Save You Time And Money | Chase for … – Chase News & Stories

It appears your web browser is not using JavaScript. Without it, some pages won’t work properly. Please adjust the settings in your browser to make sure JavaScript is turned on.
Find out how online banking can save you time, money and effort. Presented by Chase for Business.
Not too long ago, transacting business at your bank involved completing deposit or withdrawal forms, traveling to your local bank branch with checks or cash deposits in hand, waiting in line and then depositing earnings through a teller window. For entrepreneurs or business owners, that meant time away from your place of business — and your customers.
Things have changed. Thanks to technological advancements, online banking allows you to manage almost all your business needs using your computer or a banking app on your mobile device.
You might be hesitant to use your bank’s online services for your business bank account if you’re accustomed to using traditional banking services. However, online banking is secure (in some ways more secure than traditional banking services). And online business bank accounts provide a wealth of benefits that save you and your business time, money and effort.
Here are four ways online banking works for your business.
Almost any transaction you can do face-to-face, you can do online. No traveling, waiting in line or managing your schedule around a branch’s hours of operation. From your laptop or banking app, you can check your balance, make mobile deposits, transfer funds between accounts, pay vendors and employees, refund customers if necessary and verify whether checks have cleared. And if there’s an issue with your business bank account, customer support is available 24 hours a day in most cases, either online or by phone. Spending less time at a bank means you can devote more time to managing and growing your business.
Online banking programs allow you to transfer funds between several accounts — such as savings, checking, credit cards and loans — often without incurring fees. In addition, your banking fees may be lower, as banks would prefer not to pay the costs of branch upkeep and other additional costs, with those savings passed on to you.
Many online banking accounts integrate with accounting and payment-processing software or apps, such as QuickBooks, Stripe, Shopify and PayPal. Instead of the time and costs required to process payroll — writing checks, purchasing envelopes and stamps and mailing them to vendors and employees (or paying an accountant to do this for you) — a more automated back end saves you time and money to devote to your business. What’s more, an automated reconciliation of your revenue and other balance sheets provides a real-time snapshot of the overall economic health of your business, so you can react and plan as necessary.
In addition to the levels of security necessary for any financial transaction to occur these days, such as encryption software or digital countermeasures to prevent identity theft and hacking, online banking provides another level of security — you. You can monitor your account anytime and from anywhere, and you will be among the first to know if a malicious or unidentified transaction has occurred. You can also establish safeguards, such as customizing employee access to specific accounts or ensuring transfers or transactions require your approval, as a way of guarding against employee theft, which is important for a growing business.
There are banking processes that should be done in person, such as applying for a loan or line of credit or acquiring insight from your local branch advisor to help you build a successful business. But a hybrid model that combines 24-hour access to your online banking accounts with the security of knowing a trusted branch advisor is a phone call or a short walk away might be ideal for your business needs.
Speak with a business banker to discuss how online banking can help you devote your time, money and energy to where you most need it: your business.

For informational/educational purposes only: The opinions expressed in this article may differ from those of other employees and departments of JPMorgan Chase & Co. Opinions and strategies described may not be appropriate for everyone and are not intended as specific advice/recommendation for any individual. Information has been obtained from sources believed to be reliable, but JPMorgan Chase & Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. You should carefully consider your needs and objectives before making any decisions and consult the appropriate professional(s). Outlooks and past performance are not guarantees of future results.
JPMorgan Chase Bank, N.A. Member FDIC. ©2022 JPMorgan Chase & Co.
Chase offers a wide variety of business checking accounts for small, mid-sized and large businesses. Compare our business checking solutions and find the right checking account for you.
Finance your small business with business loans from Chase. Find a variety of financing options including SBA loans, commercial financing and a business line of credit to invest in the future of your business.
Find and apply for the Ink business credit card best suited for your business. Compare the benefits of the Ink business credit cards.
Accept debit and credit cards with safe, secure, and convenient Payment Solutions from Chase anywhere you do business – online, in-store, and on-the-go. Visit our Developer Center to find Payments APIs, developer tools, and documentation.
Chase offers a variety of business savings accounts including Total Savings, Premier Savings and a business CD. Compare savings accounts and find the right business savings account for you.
More convenient than cash and checks — money is deducted right from your business checking account. Make deposits and withdrawals at the ATM with your business debit card. Save time every month with recurring payments.
Commercial Banking provides businesses with annual revenues ranging from $20 million to more than $2 billion with a range of domestic and international solutions including investment banking and asset management — designed to help you achieve your business goals.
We’re here to help with your business banking needs. From payment processing to foreign exchange, Chase Business Banking has solutions and services that work for you.
Help your employees plan, save, and invest for their future with 401(k) plan solutions. J.P. Morgan’s low cost retirement plans are built for you and your employees.
“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.
© 2023 JPMorgan Chase & Co.


Leave a Comment