5 Useful Extra Services for Small Business Bank Accounts

5 Useful Extra Services for Small geschftsleben Bank Accounts Financial institutions frequently offer extra tafelgeschirrs to help its geschftlicher umgang customers save time and money. / Credit usiness check image via Shutterstock Financial institutions across the country want mora geschftsleben banking customers. To entice new small business owners and entrepreneurs, banks and leistungspunkt unions offer a variety of bonus features with their business bank accounts. If youre on the hunt for a small business account, here are some popular extra services to look for. (elende While some of these features may be included as part of your overall bank-account package, others require additional fees.)Payroll servicesAs small businesses hire more employees, a bank-offered payroll service may simplify bookkeeping for busy small business owners.If you dont quite have the budget for an independent bookkeeper, many financ ial institutions offer access to payroll software or services to help you get things done, said Jennifer Martin, small business coach and owner of Zest Business Consulting.Payroll services are also offered by independent payroll companies. Before signing up for the service through your own financial institution, compare the features of bank-offered programs against those offered by outside companies,advised Rohit Arora, CEO of Biz2Credit, an online credit resource for small businesses.In the case of bank-offered payroll, one should look at what happens in case of nonsufficient funds, Arora said. Make sure to compare the fees banks dienstgrad with those charged by normal payroll service providers, Arora said. For a side-by-side comparison of the best payroll services, visit our sister site Business.com.Editors Note Considering a payroll service for your business? If youre looking for information to help you choose the one thats right for you, use the questionnaire below to get inform ation from a variety of vendors for freeFraud insuranceOne new feature popping up in banking packages is fraud insurance coverage.Fraud insurance is provided by the lending institution to prevent any loss in the business checking account because of fraudulent transactions, Arora said.Arora explained that fraud insurance is important for business checking accounts in which more than one person has access to the account, especially when the accounts normally have multiple transactions on a daily basis.Its important to have fraud insurance included so that it not only prevents any loss of money through fraud, but also prevents any bounced checks by the vendors, he said. This can lead to adverse remarks on the business credit.Retirement accounts and health savings accounts (HSAs)If youve been thinking about offering your employees retirement plans such as 401(k) plans or pensions, look beyond your insurance agent to your bank, Martin said. Increasingly, banks are offering retirement-acc ount setup and maintenance as a bonus feature for their business customers. This is an attractive incentive when hiring employees.Retirement benefits can be a great way for you to more deeply invest in your staff and may be the difference between a great job applicant choosing you over your competition, Martin told Business nachrichtensendung Daily.If you plan to offer health insurance to your staff, using your own bank to make deposits into a health savings account for employees simplifies the process. You may even save a little money by doing this.Some employers will save money on their payroll taxes as a result of making deposits directly to an employee HSA account, 401(k) or supplemental insurance program, Martin said.Discounts on business-related itemsMoney-saving offers from other companies are valuable bonus features available with some small business banking packages. Martin noted that some banks offer discounts on partner goods and services because of the sheer volume of pu rchases by bank customers.Ask your banker for a list of partner companies offering discounts to small business banking customers. Typical partners include hotels, insurance companies, airlines and office-supply stores.Control over employee spending on company credit cardsOne risk of issuing company credit cards is that staff may use them for nonbusiness expenses. A service that gives small business owners control over staff spending can reduce that risk.Busy employers are concerned about how much or what their employees are spending on their corporate credit cards, Martin said. One of the newest features added to certain banks offerings for small business owners is Visa card payment controls.This feature lets small business owners set limits on daily spending, the days and times of transactions, as well as the locations or geographic areas where the cards can be used.Banks regularly offer new features to their business banking customers. Keep your eyes open for features such as acce ss to peer groups, bank blogs with useful business content, business-related classes and educational material, and financial planning services.Originally published on Business News Daily. Business News Daily Editor Business News Daily was founded in 2010 as a resource for small business owners at all stages of their entrepreneurial journey. 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You May Bomb Your Interview if You Dont Do These 5 Things

You May Bomb Yur Interview if You Dont Do These 5 Things In the 10-plusyears that Ivebeen working with thousands of relaunchers (professionals returning to work after a career break for childcare, eldercare or other reasons) the following interviewingadvice has proven most effective again and again, and applies more broadly to anyone looking to make a strong impression.Talk about your past experience as if it happened yesterday.When asked to talk about your past work experience...DONT SAY Well, this is ancient history, but way back in 2001, when I welches working at Xerox. Instead, talk about it as if it happened yesterday. Remember whats relevant is that you HAD the experience, NOT WHEN you had it. DO SAY When I welches at Xerox, we faced very similar customer challenges. Let me tell you about one of them. Then launch into an anecdote from that experience..which brings me to the second piece of adviceHave a specific anecdote ready from each of your prior, significant work and volun teer experiences.You need to have these in your back pocket so you can reference them as needed in the interview.DONT SAY Ive had experience raising money. It welches hard but I got great feedback and everyone thought I did a great job. (too vague, not enough detail)DO SAY Yes I have had eight years of fundraising experience. I was on the advancement team at University of Illinois where I was in charge of major donors, and later as a volunteer, I led the largest fundraising effort in history for our local hospital in which we raised $1 million. In my university role, the most effective way we were able to match donors with fundraising projects meaningful to them was when we . In one particular case we . For the hospital fundraising campaign, our strategy was to..Memorize and practice those anecdotes as if they were lines in a theater performance. DONT Wing it. DO Practice. Repeat.This requires repetition, patience, and a willingness to rehearse your lines out loud. Picturing yoursel f saying these lines in your head in an imaginary interview is not good enough. Saying them out loud and repeating them over and over until you are completely comfortable with the language is what is required just like memorizing a script. Some people prefer to practice in front of an audience, others prefer to speak in front of a wall or mirror, and some favor practice sessions in the shower. Just make sure you are practicing out loud. Former Google Head of People Operations Laszlo Bock swears by this strategy in his book Work Rules When I was in my second year of business school, I practiced my interview answers -- out loud -- until I could tell each story smoothly, without thinking about it (but not so smoothly that I was bored with the re-telling). My roommate walked in one day to find me sitting on the futon reciting why I thought I was a great leader again and again. He figured I was stuck in some kind of Stuart Smalley-like self-help loop. But I got 7 job offers from 5 compa nies (thats another story) and was on track to get another 6 before I stopped interviewing. How is that possible? Practice.If coming off of a career break, be prepared to acknowledge it briefly, without apologizing, and then move on to why you are the best person for the jobDONT SAY Im coming off of a long career break that started when I had three kids in four years, and then right when I was getting ready to figure out how to get back to work, my mom got sick and that was another three years and. TMI and TOO LONGDO SAY Yes I took a career break to care for my children and now I cant wait to get back to work. In fact, the reason I am so excited about this particular role, is when I was working at Xerox, we faced very similar customer issues. Let me tell you about one. (see Tip 1)Best question to ask at the end of the interview when asked if you have questionsDONT SAY I dont have any questions.One of our relaunchers met with an outplacement counselor and was told to ask the followin g question at the end of the interview when asked do you have any questions? It is one of the best we have seenDO SAY If you and I were to sit down in six months and you told me I had done an excellent job, what would I have accomplished? ur relauncher reported back that when she asked this question, she got a different answer than what was in the job description. In fact, in one interview for a job she eventually took, she found out the role included being in charge of an accreditation process for a manufacturing plant. This only came out in the interview when she asked this question, and was not in the job description for the position.Do you have tried and true interviewing tips you found effective? Please share them at infoirelaunch.com.--Carol Fishman Cohen is the CEO of iRelaunch, a career reentry firm that runs the iRelaunch Return to Work Conferences and works closely with companies to create formal return-to-work programs, usually involving professional internships. Her full bio ishere.