Working with your bank

A business needs an open and collaborative relationship with their bank, so that you get what you need when you need it.

If you need funds, ensure you present them with a realistic business plan. If they request management accounts ensure they are presented on time.

A close relationship can ensure that you are paying the minimum of bank charges having a flexible overdraft, so you only pay for it when you need it, and raising funds as and when you need them.

There are many ways to ensure this relationship is a good and profitable one. Your FD should be “friends” with your bank manager and cultivate a symbiotic relationship with them.

You may need to change your bank to realise the optimum customer service you require. We can assess your banking options, confirming whether your existing bank meets your business needs.

Business Financial Dynamics can help with this relationship and liaise with bankers. We can also help you work with lawyers and accountants and other external service providers.

Our services:
Business Reviews
Business & Financial Planning
Budgeting & Forecasting
Improving Performance
Cash Management
Working With Your Bank
Advice & Mentoring