Tag: Bank

Small Business Bank Accounts #bond #market #news


#business bank accounts

#

Small Business Chequing & Savings Accounts

Why open a Business Chequing Account?

  • Will help keep your business and personal expenses separate
  • Get your business off to a good start for tax purposes
  • Project credibility and professionalism to customers and suppliers of your new business
  • We will help ensure that your business banking solutions keep pace and continue to reflect your unique needs as your business grows

To ensure your account is opened quickly, all owners and signing officers will need to provide 2 pieces of approved personal identification. Depending on your business’ legal structure, one of the following documents will also be required by your TD Canada Trust Business Banking Specialist:

  • Sole Proprietorship – Certificate of Registration of Business Name
  • Partnership – Certificate of Registration of Partnership. Partnership Agreement (if available)
  • Corporation – Articles of Incorporation. Certificate of Registration of Business Name (if available)
  • Association – Articles of Association (if available)
  • Formal Trust – Trust Agreement

Find out more about our Chequing Service Plans


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The Bank of Japan Can’t Jump-Start Inflation #business #school #ranking


#business week

#

The Bank of Japan Can’t Jump-Start Inflation

On May 29 the Japanese government announced that the country’s consumer prices were unchanged in April from a year earlier, calling into question the power of the central bank’s effort to drive prices upward. The BOJ is acting a bit like a hedge fund, trying any investment to achieve its goal of raising inflation to 2 percent. It’s snapping up not only government bonds but also exchange traded funds, corporate bonds, real estate investment trusts, and venture capital loans—anything to put more money into lenders’ and investors’ hands so they can lend and invest more. “The BOJ deserves the most aggressive award among central banks,” says Yasuhiro Takahashi, a senior economist at Nomura Securities.

The latest consumer price report underscores the difficulty of the central bank’s task. BOJ Governor Haruhiko Kuroda doubled down last October and expanded his policy, formally known as quantitative and qualitative monetary easing. The central bank pledged to raise the monetary base from 60 trillion yen ($482 billion) a year to 80 trillion yen to give banks more money to lend.

The heroic effort has driven the Nikkei 225 Stock Average to a 15-year high and the yen down to almost a 12-year low against the dollar. Although that’s delighted stock investors and big exporters such as Toyota Motor and Shiseido, it hasn’t moved the needle on overall growth or inflation. A majority of 36 economists surveyed by Bloomberg see the BOJ beefing up its program by late October, when it’s expected to update its inflation forecast. If that’s less than 2 percent, the bank will pile on extra stimulus.

Nomura predicts the central bank will switch its focus from bonds to stock purchases next spring, betting a bull market might more effectively stimulate consumer spending. The brokerage sees the BOJ doubling its ETF purchases, to 6 trillion yen, while announcing plans to taper its bond purchases.

Kuroda has said that the plunge in oil prices in the short term delayed progress on generating inflation and that rising wages will engender growth, consumer spending, and higher prices. “It’s really too early to say Kuroda’s easing didn’t work,” says Takahiro Sekido, a former BOJ official who’s now a strategist at Bank of Tokyo-Mitsubishi UFJ.

Japan faces structural challenges, given its aging, shrinking population and its debt burden, the biggest in the developed world. “The BOJ’s policy has been and must be more ambitious,” says former Fed Vice Chairman Donald Kohn, now at the Brookings Institution. “It’s not going to be easy to break expectations [of deflation] that have been entrenched over the decades.”

Fiscal conservatives question the BOJ’s bond-buying, which soaks up about 90 percent of all new government bonds issued to keep long-term rates low. If long-term rates returned to their historical average of 3 percent, from 0.4 percent now, the higher interest payments would push the budget deficit from 8.5 percent to 13 percent of gross domestic product, according to the Organisation of Economic Co-operation and Development. “The BOJ is approaching its limit in bond purchases,” says Nomura’s Takahashi.

Kuroda continues to enjoy the steadfast support of Prime Minister Shinzo Abe, who picked him to run the BOJ in 2013. Abe, though, has so far failed to deliver on the promised labor, tax, and regulatory reforms that economists say are needed to get Japan back on track. Monetary firepower alone won’t revitalize the economy.

The bottom line: If long-term rates return to a more normal 3 percent, Japan’s budget deficit could rise to 13 percent of GDP.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


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The Bank of Japan Can’t Jump-Start Inflation #business #partners


#business week

#

The Bank of Japan Can’t Jump-Start Inflation

On May 29 the Japanese government announced that the country’s consumer prices were unchanged in April from a year earlier, calling into question the power of the central bank’s effort to drive prices upward. The BOJ is acting a bit like a hedge fund, trying any investment to achieve its goal of raising inflation to 2 percent. It’s snapping up not only government bonds but also exchange traded funds, corporate bonds, real estate investment trusts, and venture capital loans—anything to put more money into lenders’ and investors’ hands so they can lend and invest more. “The BOJ deserves the most aggressive award among central banks,” says Yasuhiro Takahashi, a senior economist at Nomura Securities.

The latest consumer price report underscores the difficulty of the central bank’s task. BOJ Governor Haruhiko Kuroda doubled down last October and expanded his policy, formally known as quantitative and qualitative monetary easing. The central bank pledged to raise the monetary base from 60 trillion yen ($482 billion) a year to 80 trillion yen to give banks more money to lend.

The heroic effort has driven the Nikkei 225 Stock Average to a 15-year high and the yen down to almost a 12-year low against the dollar. Although that’s delighted stock investors and big exporters such as Toyota Motor and Shiseido, it hasn’t moved the needle on overall growth or inflation. A majority of 36 economists surveyed by Bloomberg see the BOJ beefing up its program by late October, when it’s expected to update its inflation forecast. If that’s less than 2 percent, the bank will pile on extra stimulus.

Nomura predicts the central bank will switch its focus from bonds to stock purchases next spring, betting a bull market might more effectively stimulate consumer spending. The brokerage sees the BOJ doubling its ETF purchases, to 6 trillion yen, while announcing plans to taper its bond purchases.

Kuroda has said that the plunge in oil prices in the short term delayed progress on generating inflation and that rising wages will engender growth, consumer spending, and higher prices. “It’s really too early to say Kuroda’s easing didn’t work,” says Takahiro Sekido, a former BOJ official who’s now a strategist at Bank of Tokyo-Mitsubishi UFJ.

Japan faces structural challenges, given its aging, shrinking population and its debt burden, the biggest in the developed world. “The BOJ’s policy has been and must be more ambitious,” says former Fed Vice Chairman Donald Kohn, now at the Brookings Institution. “It’s not going to be easy to break expectations [of deflation] that have been entrenched over the decades.”

Fiscal conservatives question the BOJ’s bond-buying, which soaks up about 90 percent of all new government bonds issued to keep long-term rates low. If long-term rates returned to their historical average of 3 percent, from 0.4 percent now, the higher interest payments would push the budget deficit from 8.5 percent to 13 percent of gross domestic product, according to the Organisation of Economic Co-operation and Development. “The BOJ is approaching its limit in bond purchases,” says Nomura’s Takahashi.

Kuroda continues to enjoy the steadfast support of Prime Minister Shinzo Abe, who picked him to run the BOJ in 2013. Abe, though, has so far failed to deliver on the promised labor, tax, and regulatory reforms that economists say are needed to get Japan back on track. Monetary firepower alone won’t revitalize the economy.

The bottom line: If long-term rates return to a more normal 3 percent, Japan’s budget deficit could rise to 13 percent of GDP.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


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Business Bank Accounts – Compare Business Banking Deals #business #list


#business bank account

#

MoneySuperMarket.com

Promoted Navigation

Primary Navigation

Business current accounts

Looking for a great deal on business current accounts for your company? Compare our business bank accounts features such as; free business banking, interest on in-credit balances, overdraft facilities and free account transactions. Use our free and independent comparison table to find the best business current accounts today.

MoneySuperMarket doesn’t offer a comparison service for this type of product, but we have compiled a list of providers below who can help.

Business Start up accounts

  • Mobile App
  • Online Banking
  • Overdraft Facility

Great for 25 months free business banking for Start Ups But be aware that 25 months free business banking is available for businesses which open their first account within 12 months of beginning trading with an annual turnover not exceeding £2 million (borrowing & cash limits apply)

  • Mobile App
  • Online Banking
  • Overdraft Facility

Great for 24 months free Business Banking £500 fee-free overdraft But be aware that Free Business Banking is available for Businesses which are less than 12 months old with an annual turnover not exceeding £1 million Subject to Status. Over 18s only.

  • Interest Rate (AER) 0.25% on balances from 1
  • Monthly Fee For up to 18 monthsNo monthly fee
  • Overdraft Rate (EAR) 5.5% (variable)
  • Great for 12 months’ free day-to-day business banking for start-ups, or 18 months’ free if you are, or become, a 1I2I3 World or Santander Select customer (see provider site for eligibility) Earn interest on any credit balances But be aware that This is available to businesses in their first year of trading opening their first Santander Business Current Account After this free period, you’ll move to Santander’s £7.50 per month tariff or, if another tariff would be more suitable, Santander will be happy to arrange a transfer

  • Interest Rate (AER) 0.00%
  • Monthly Fee No monthly fees, but fee of 69.00 paid yearly
  • Overdraft Rate (EAR) Upon invitation
    • Online Banking
    • Direct Debits
    • Standing Orders

    Great for No credit checks required. Simple instant online application – no interview needed Branch banking service via Post Office network and no inbound bank transfer charges But be aware that Annual fee of £69 and £2 ATM withdrawal fee Monthly outbound transfers will cost £0.99 per transfer after first three

    • Mobile App
    • Online Banking
    • Overdraft Facility

    Great for 25 months free business banking for Switchers But be aware that 25 months free business banking is available for established businesses switching their main business current account with turnover not exceeding £2 million (borrowing & cash limits apply)

    Great for Simple to manage your monthly outgoings with all your standard business banking included for a single fixed fee, from £7.50 to £40 a month, based on your monthly cash deposits – use Santander’s calculator to see how much you could save Switch in just seven working days But be aware that You’ll pay 50p for every £100 of cash deposited beyond your monthly limit Non-standard transactions such as CHAPS payments, change-giving and foreign currency transactions will incur a charge

  • Interest Rate (AER) 0.00%
  • Monthly Fee No monthly fees, but fee of 69.00 paid yearly
  • Overdraft Rate (EAR) Upon invitation
    • Online Banking
    • Direct Debits
    • Standing Orders

    Great for No credit checks required. Simple instant online application – no interview needed Branch banking service via Post Office network and no inbound bank transfer charges But be aware that Annual fee of £69 and £2 ATM withdrawal fee Monthly outbound transfers will cost £0.99 per transfer after first three

    • Online Banking
    • Standing Orders
    • Text Alerts

    Great for Quick online application No interviews needed But be aware that A £55 application fee applies There is no cheque book supplied with this account and no overdraft or other borrowing facility

    Business bank account guide

    What is a business bank account?

    A business current account works in a similar way to a conventional bank account, but enables you to keep your business transactions separate from your personal finances. This makes life much more straightforward when it comes to managing cash flow and calculating your tax liability at the end of the year.

    Anyone who has started up as a limited company or partnership must have a business bank account. The most basic business accounts consist of a chequebook and paying in book.

    If you are a sole trader you can use your own personal account, but many people still prefer to set up a separate small business bank account. Business accounts are also available for charities and clubs, pension funds and client’s money.

    What to watch out for

    Don t automatically open a business account with your existing bank, as it might not offer good value for money.

    The best business bank accounts will offer you both low charges and decent rates of interest when you are in credit, so make sure you compare accounts to find the right deal to suit your requirements. If you think you will mainly be making payments electronically, go for an account that offers free or low-cost electronic transactions. Alternatively, if you think you’ll be using a lot of cheques, look for low charges on paper transactions.

    You should look for an account which provides online business banking, so that you can check the status of your account day or night.

    Remember that you will need to provide various documents in order to open your account, including a business plan and details about your company. These will include your Certificate of Incorporation if you have set up as a limited company, as well as documents proving your identity such as a passport and driver s licence.

    Unfortunately if you have a history of bad credit, opening a business account is likely to prove difficult, especially given the current economic climate.

    Charges

    Most UK business bank accounts come with an introductory offer such as free banking for 12 or 18 months. While these are tempting, always make sure you know how much you will end up paying once the introductory period is over.

    As a general rule, the more transactions you make on the account, the higher the charges are likely to be.

    Some business current accounts require a regular monthly or quarterly standing charge. This will typically cost you around 15 to 20 per quarter, but a there are plenty of accounts which don t charge this fee at all.

    Make sure you read the small print carefully if you go for business current account which offers free banking indefinitely, as these usually only let you pay in a set maximum each month and a limited number of cheques, which would be no good if your income is going to vary dramatically from one month to the next.

    Extra benefits

    Some banks have a dedicated small business advice team, while others offer a telephone helpline, so check to see what is on offer when comparing accounts. Branch-based chains of advisers can be useful if you want face to face contact to discuss any issues that might affect your business.

    How our site works

    When it comes to choosing a current account for your business, we want to give you as much choice as possible, so you can choose what suits you best. Some providers don t want to be included on comparison websites, so we can t promise to show you accounts from every single one. We rank the accounts according to the length of time you can bank for free, then by the monthly fee, then the interest rate. You can find out more about how we work here.

    Money

    You can rely on us

    We’re here to help


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  • Doing Business report series – World Bank Group #business #insurance


    #business report

    #

    Doing Business Report Series

    The Doing Business report series includes annual reports going back to 2004, a wide variety of subnational studies, and a number of special reports dealing with regions or topics. Use the tabs to read report summaries and to download. Additional country and regional reports can be downloaded below.

    Doing Business Reports

    Doing Business 2016

    Doing Business 2016: Measuring Regulatory Quality and Efficiency. a World Bank Group flagship publication, is the 13th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time.

    Profiles 2016 Economy Profiles

    2016 Regional Profiles

    Featured Subnational Report

    Doing Business in Spain 2015

    This report measures business regulations and their enforcement across 17 autonomous communities and two autonomous cities in Spain. The report examines 5 areas as measured by Doing Business: starting a business, dealing with construction permits, getting electricity, registering property and trading across borders.

    Featured Case Study

    Measuring the cost of red tape

    This note estimates the costs to firms from inefficient business regulations. Using the Doing Business data, we identify the time it takes in countries around the world for 6 major transactions regulated by governments: starting a business, transferring property, paying business taxes, exporting goods, importing goods and using courts to resolve a commercial dispute. Based on the data, we estimate that if the governments of 90 economies had applied best practice in regulating business entry in 2012, more than 45 million days of entrepreneurs time could have been saved.


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    Consult the Expert – Business First Louisville – CUB: A Kentucky Community Bank #how

    #business first louisville

    #

    Consult the Expert Business First Louisville

    Topic:
    The Era of Smart Technology

    Nearly all of us today have a Smart Phone, but what is a Smart Safe?
    A Smart Safe is key to managing the challenges of cash in a retail environment. A Smart Safe automatically accepts, validates and stores notes while recording each transaction.

    Smart Safe features include:
    • Note Validation – tracks and records each note while checking for counterfeits
    • Cash Tracking – deposits tracked by each user of the safe by Login ID
    • Reporting – various reports can be generated to streamline reconcilement
    • Connectivity – stores can provide online access to an armored car carrier and the bank

    Benefits of this technology:
    • Eliminates the employee risk of taking cash to a bank branch.
    • Can lower expenses associated with armored car services as frequency of pickups may be reduced.
    • If your bank has online access to the cash deposits they may be willing to provide you advanced availability even though the cash may still be sitting in the safe. If your business consists of managing large amounts of cash, get safe smart.

    Online Banking

    Convenient Capture Login

    Update Your Contact Info
    and Earn $1

    Personalize Your Debit Card

    Sign Up for eStatements

    Use Our Switch Kit to Join Today


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    The Bank of Japan Can’t Jump-Start Inflation #financing #for #business


    #business week

    #

    The Bank of Japan Can’t Jump-Start Inflation

    On May 29 the Japanese government announced that the country’s consumer prices were unchanged in April from a year earlier, calling into question the power of the central bank’s effort to drive prices upward. The BOJ is acting a bit like a hedge fund, trying any investment to achieve its goal of raising inflation to 2 percent. It’s snapping up not only government bonds but also exchange traded funds, corporate bonds, real estate investment trusts, and venture capital loans—anything to put more money into lenders’ and investors’ hands so they can lend and invest more. “The BOJ deserves the most aggressive award among central banks,” says Yasuhiro Takahashi, a senior economist at Nomura Securities.

    The latest consumer price report underscores the difficulty of the central bank’s task. BOJ Governor Haruhiko Kuroda doubled down last October and expanded his policy, formally known as quantitative and qualitative monetary easing. The central bank pledged to raise the monetary base from 60 trillion yen ($482 billion) a year to 80 trillion yen to give banks more money to lend.

    The heroic effort has driven the Nikkei 225 Stock Average to a 15-year high and the yen down to almost a 12-year low against the dollar. Although that’s delighted stock investors and big exporters such as Toyota Motor and Shiseido, it hasn’t moved the needle on overall growth or inflation. A majority of 36 economists surveyed by Bloomberg see the BOJ beefing up its program by late October, when it’s expected to update its inflation forecast. If that’s less than 2 percent, the bank will pile on extra stimulus.

    Nomura predicts the central bank will switch its focus from bonds to stock purchases next spring, betting a bull market might more effectively stimulate consumer spending. The brokerage sees the BOJ doubling its ETF purchases, to 6 trillion yen, while announcing plans to taper its bond purchases.

    Kuroda has said that the plunge in oil prices in the short term delayed progress on generating inflation and that rising wages will engender growth, consumer spending, and higher prices. “It’s really too early to say Kuroda’s easing didn’t work,” says Takahiro Sekido, a former BOJ official who’s now a strategist at Bank of Tokyo-Mitsubishi UFJ.

    Japan faces structural challenges, given its aging, shrinking population and its debt burden, the biggest in the developed world. “The BOJ’s policy has been and must be more ambitious,” says former Fed Vice Chairman Donald Kohn, now at the Brookings Institution. “It’s not going to be easy to break expectations [of deflation] that have been entrenched over the decades.”

    Fiscal conservatives question the BOJ’s bond-buying, which soaks up about 90 percent of all new government bonds issued to keep long-term rates low. If long-term rates returned to their historical average of 3 percent, from 0.4 percent now, the higher interest payments would push the budget deficit from 8.5 percent to 13 percent of gross domestic product, according to the Organisation of Economic Co-operation and Development. “The BOJ is approaching its limit in bond purchases,” says Nomura’s Takahashi.

    Kuroda continues to enjoy the steadfast support of Prime Minister Shinzo Abe, who picked him to run the BOJ in 2013. Abe, though, has so far failed to deliver on the promised labor, tax, and regulatory reforms that economists say are needed to get Japan back on track. Monetary firepower alone won’t revitalize the economy.

    The bottom line: If long-term rates return to a more normal 3 percent, Japan’s budget deficit could rise to 13 percent of GDP.

    Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE


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    Business Loans – Check Business Loan Interest Rate – Eligibility Online at HDFC Bank

    #business loan

    #

    Business Loan

    • Features Benefits
    • Eligibility
    • Fees Charges
    • In – Principle loan eligibility in 1 Minute online and across all branches
    • Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all Branches
    • Business Loan is also available on the basis of repayment of home loans, auto loans and credit cards.
    • Loan Amount up to Rs. 15 Lakhs (Up to Rs. 40 Lakhs in selected locations).
    • Flexible repayment options ranging from 12 – 36 Months.
    • Credit Protect Insurance Plan:
      We help you take care of your loved ones with a Credit Protect Plan to cover your loan at a nominal premium.*

    In case of Natural / Accidental Death of the customer, the customer / nominee can avail of the Payment Protection Insurance (Credit Protect) which insures the principle outstanding on the loan up to a maximum of the loan amount.

    We will charge a premium for this product, and the premium amount will be deducted from the loan amount at the time of disbursal. We will also charge service tax and applicable surcharge/cess at the rates notified by the government.

    Secure your business loan with Credit Protect.

    Key benefits of policy

    • Protects the family by paying off the loan amount in case of death of the customer
    • Life Coverage provides peace of Mind
    • No need to use other savings to repay the loan
    • Tax Benefits as per applicable laws
    • One convenient package – loan + insurance

    * Premium will be charged for Credit Protect will be deducted from the loan amount at the time of disbursal.

    (* terms and conditions of the Insurers shall apply, Above product is offered by HDFC Life Ins Co.ltd)

    Already have a Business Loan?

    Reduce your EMI, transfer your existing Business Loan to us. Business Loan balance transfer offers special and exclusive benefits.

    • Interest rate as low as 14.99* % on existing loan transfer.
    • Processing fees as low as 0.99%

    Now reduce your EMI burden with our balance transfer programme

    Get details on eligibility criteria documents required for HDFC Bank Business Loan

    Self Employed including Individual Proprietors, Private Ltd. Co. and Partnership Firms involved in the Business of Manufacturing, Trading or Services.

    • Minimum Turnover of Rs. 40 Lakhs.
    • Years in business: Minimum of 3 years in current business and 5 years total business experience
    • Business must be profit making for the last 2 years
    • Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
    • Age of Applicant: Min 21 years Max. 65 years at the time of loan maturity.

    Documents you will need to submit:

    • PAN Card For Company /Firm/ individual.
    • Proof of your identity: Copy of Aadhaar Card/Passport/Voter s ID card/driving license.
    • Proof of your address: Copy of Aadhaar Card/Telephone bill/Electricity bill/Passport.
    • Bank Statement (latest 6 months)
    • Latest ITR along with computation of income, Balance sheet and Profit Loss a/c for the last 2 years. Financial should be CA Certified /Audited.
    • Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
    • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum Articles of Association (certified by Director) Board resolution (Original)

    Loan at the sole discretion of HDFC Bank Ltd.

    Enclosed below are HDFC Bank Business Loan Interest Rates Charges


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