Archive Page 2

26
Apr
10

Review your banking charges

Business banking fees and charges are sometimes based on an analysis of your cash accounts and the transaction activity within those accounts. The bank will give you an earnings allowance at a generally low rate and based on the average balance maintained in the account. Against this allowance will be fees and charges associated with all banking activity such as deposits, checks cleared, general account services, ACH services. It is very important to understand and review the monthly Account Analysis Statement. Banks will often include charges for services that you might not be using or even aware of. Also, the detailed listing of fees might reveal areas where you could save money by adopting alternative processes such as remote versus branch deposits, or electronic payments instead of paper checks. As they say, the devil is in the details; with reference to banking fees and charges, it could not be truer.

25
Apr
10

Commission Fees

Fidelity is the lowest in the industry per trade.

25
Apr
10

Superior Business Banking

Ran across a depositor called The Provident Bank.  They’re yielding 3.26 on liquid funds along with minimal restrictions on basis points. Earnings credits are competitive with industry leaders and they provide all the business banking solutions of your classic wealth management bank.  They’re brokerage sophistication may be reason for question.  

http://www.providentnj.com/site/Main.aspx

NYSE: PFS

23
Apr
10

Bank and Insurance platform solution provider

Great resource for business process knowledge expansion.  Largest provider of financial transaction processing solutions in the industry.  Ticker FISV

www.fiserv.com

20
Apr
10

Investing in a Professional Certification?

Are professional certifications worth the time and effort?

http://www.proformative.com/blog/ernie-humphrey/professional-certifications-can-they-impact-your-career

20
Apr
10

Fundamentals of Bank Fee Management

Great tool to offset your banking fees.  The earnings credit is benchmarked off the 90 day Tbill.  The earnings credit will offset most of your cost if you’re in an analyzed package.  If you’re transfer heavy, analyzed is the only way to manage the relationship unless volume is significantly low.

https://docs.google.com/fileview?id=0Bx7gO-lPgQe9N2RkYmUxYWQtMTJhNS00MDhkLWE5NjMtNWNmNTIyYzU4Yzk4&hl=en

19
Apr
10

Operating Account Cash Flow

We are seeking a great short-term liquid investment. Does anyone know a firm currently offering 200 BPS on operating accounts with possible commission discounts?