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
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
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.