STEP 3: Business Bank Account

It’s never too soon to open your business bank account.

Here are some important things to look at (besides the monthly bank fee) when deciding on which bank to use for your practice:

Interest rates

  • This is especially important if you will be taking out a loan to help fund the start-up of your practice.

Benefits and services offered specifically to doctors

  • Practice management software packages.
  • Financial advice.
  • Private bankers willing to respond at all hours of the day.
  • Medical malpractice and indemnity insurance packages.
  • Credit card device options and fees (at the point of payment at your practice).

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