Your Questions About Business Online Banking
William asks…
How do I close a Natwest Business Bank account online?
Jere answers:
You write them letter and send it Recorder Delivery .. You need to ask for your
Closing Statement plus conformation that the Account is closed and you have NO further liability ..
It is not unknown for banks to accept (or impose) charges against a closed account (cheques, direct debits, credit cards, fees, interest etc) days, weeks, months later …. And then demand that you pay up (or threaten to send the debt collectors in)…
So it’s vital to get that statement (showing zero balance) and confirmation that the account is closed ..
Sandra asks…
How do I make a business bank account and a online Pay pal?
I’m only 17 i tried singing up for Google ads
but it says I have to make a business bank
account so they can make a payment out to me
also how do I make a pay pal?
Jere answers:
Well, the first thing you are going to need is an actual bank account. Because you will need that to make a paypal account where you can store and transfer funds.
After you get a bank account I think you will have to have your routing # to your account so you can create your paypal account.
If you are just trying to make a paypal account where you can pay for stuff all you really need is a credit card as your primary funding source.
So go to www.paypal.com and sign up for an account. Once you are done I think somewhere it has an option to add funding sources. I’m not particularly sure. =/ Hoped this helped.
Michael asks…
What type of business can a person start online?
What type of business can a person start online? Any suggestions?
Banking? Online casino? Advertising?
Jere answers:
There are thousands of opportunities to make money on-line. Just make sure that you do your research. Try and find something that really interests you. Most people seem to start out with affiliate marketing, so you may want to look at that.
Good Luck!
Susan asks…
Best bank for online small business?
I am about to open a small online business. The business will hold money from customers then release the money back again to a third party. I will charge fees in the process. I am looking for the best bank that will help in such transactions with the lowest fees possible. I live in Texas.
Jere answers:
Before you go too far, the regulators will probably want you to obtain a banking/lending licence as that seems what you’re intending to do.
Daniel asks…
What do you need to do to open an online business?
I was thinking of opening up a websites and i’d be selling information, not an actual physical product. …more of a “how to guide”
Figured though i need ‘business name’ to make it seem legit.
So wasn’t sure with making a business bank account if i needed to register this or anything.
Also, if it makes a difference, i came up with this all on my own…no research or anything, nothing or no one to really influence me, just came out of the blue…
Without getting into if its sellable or not…just seeing if i have to go register my business and get a license.
Anywyas, to try to relate what my “product” is
Lets say you had a bunch of apples, and you decided to cut them up and throw them into a pot….then added some roast beef and fried chicken and orange juice (fresh squeezed) and it somehow tasted good…
so you decided to sell your recipe online.
Litterally it would be…..secure credit card payment …then either..still working it out with my friend who is designing the site…..you download the stuff as a word document or you get it e-mailed to you.
Basically i know it’ll get leaked onto the internet, expect the business to only be good for 2 weeks…..all completely legal, and not immoral…..but ultra-conservative low end estimates, has this netting 100K. I figure i might as well go forward and do this
Jere answers:
Sounds like you should just charge a membership fee or viewing fee. You’ll have to set up online payment and a privacy policy for payment information. You shouldn’t need a license for anything like that but you will have to pay taxes on your income. Couldn’t tell you much about that part.
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