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	<title>Living the 4-Hour Work Week &#187; banking</title>
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	<link>http://www.fourhourworkweekdiary.com</link>
	<description>Living the optimized work week</description>
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		<title>Found a great bank for Small Biz&#8230; Provident Bank</title>
		<link>http://www.fourhourworkweekdiary.com/2008/02/04/found-a-great-bank-for-small-biz-provident-bank/</link>
		<comments>http://www.fourhourworkweekdiary.com/2008/02/04/found-a-great-bank-for-small-biz-provident-bank/#comments</comments>
		<pubDate>Tue, 05 Feb 2008 03:27:22 +0000</pubDate>
		<dc:creator>Rex</dc:creator>
				<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[banking]]></category>

		<guid isPermaLink="false">http://www.fourhourworkweekdiary.com/2008/02/04/found-a-great-bank-for-small-biz-provident-bank/</guid>
		<description><![CDATA[I posted the other day on the topic of finding a good bank for small businesses. I got a few great recommendations and ended up settling with Provident Bank, a regional bank in the Virginia, DC, Maryland, and Pennsylvania region. They offer free business checking accounts with no minimum balance requirement, the offer bill payment, [...]]]></description>
			<content:encoded><![CDATA[<p>I <a href="http://www.fourhourworkweekdiary.com/2008/02/02/whats-the-best-small-business-bank-account/" title="DHFW link" target="_blank">posted the other day</a> on the topic of finding a good bank for small businesses. I got a few great recommendations and ended up settling with <a href="http://web.provbank.com/" title="Provident Bank" target="_blank">Provident Bank</a>, a regional bank in the Virginia, DC, Maryland, and Pennsylvania region. They offer <em><strong>free</strong></em> business checking accounts with <em><strong>no</strong></em> minimum balance requirement, the offer bill payment, merchant services, and even do the Remote Deposit option that I was so enamored with. And, as a bonus (until February 14, 2008), they will even give you $122 for opening an account with them. Whammo! Can&#8217;t lose on this one.  Opened it up today with a $50 deposit, configured my Amazon.com, Google Adsense, and Cafepress revenue sources to point to this new bank, and away I go! I already made a few bucks on this deal.</p>
<p>I&#8217;ll let you know how it all turns out, but you can&#8217;t beat that for a muse bank account.</p>
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		<title>What&#8217;s the best Small Business Bank Account?</title>
		<link>http://www.fourhourworkweekdiary.com/2008/02/02/whats-the-best-small-business-bank-account/</link>
		<comments>http://www.fourhourworkweekdiary.com/2008/02/02/whats-the-best-small-business-bank-account/#comments</comments>
		<pubDate>Sat, 02 Feb 2008 18:52:16 +0000</pubDate>
		<dc:creator>Rex</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[reveue]]></category>

		<guid isPermaLink="false">http://www.fourhourworkweekdiary.com/2008/02/02/whats-the-best-small-business-bank-account/</guid>
		<description><![CDATA[As like all you 4HWW-ers, I&#8217;m gearing up my muse and getting the funds rolling in. I started an LLC using the Company Corporation (my recommendation if you&#8217;re trying to keep it simple and cheap &#8211; no need for expensive lawyers), making it a Delaware-registered LLC and then possibly registering as a Foreign LLC in [...]]]></description>
			<content:encoded><![CDATA[<p>As like all you 4HWW-ers, I&#8217;m gearing up my muse and getting the funds rolling in. I started an LLC using the <a href="http://www.incorporate.com/" title="Company Corporation" target="_blank">Company Corporation</a> (my recommendation if you&#8217;re trying to keep it simple and cheap &#8211; no need for expensive lawyers), making it a Delaware-registered LLC and then possibly registering as a Foreign LLC in my state, if need be. I then went to the IRS website and got an employer Tax ID #, which only took 5 minutes, tops. Armed with both of these, I&#8217;m ready to</p>
<p>Now I need a place to put the incoming funds. As you all know, you  need to use a business bank account for your revenue &#8212; no mixing personal and business revenue streams. I&#8217;ve recently been banking with Bank of America, but not out of pleasure &#8212; just convenience. Since my new muse doesn&#8217;t require me to be physically close to my bank account (almost all incoming funds are electronically deposited), I am open to better options. BofA fees you to death. And their service is sorely lacking. If it weren&#8217;t for their omni-present branches and ATMs, I wouldn&#8217;t have even bothered. But then again, I didn&#8217;t bother in the first place &#8212; they just kept buying all the banks I actually <em><strong>did</strong></em> do business with!</p>
<p>So, let&#8217;s leverage the power of the Internet and networking&#8211; have any of you had good experiences with a bank that caters well to the Small Business? One that is low in fees, high in service, makes it easy to do the odd in-person deposit (or allows you to do e-deposits like <a href="http://k-bank.net" title="K-Bank" target="_blank">K-Bank</a> does), has low or no balance minimums, allows you do to things like ACH Debits and Credits as well as online banking and has a decent online web experience? Would love your thoughts and help!</p>
<p><strong>Updated:</strong> I just checked out the <a href="http://www.runaroundaphobia.com/" title="1st National Bank of Nevada" target="_blank">First National Bank of Nevada</a>&#8230; While it&#8217;s no where near where I live, I&#8217;m intrigued by: * free business checking and *e-deposits that allow you to deposit <em>physical</em> checks without ever having to leave the office. A 4HWW-ers dream?  I&#8217;m not sure if they&#8217;ll do business with me in my state, but I&#8217;m wondering if there&#8217;s anything similar somewhere else or if anyone has experience with something like that?</p>
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