# STEP 3: Business Bank Account

**URL:** <https://hub.sadocs.co.za/t/step-3-business-bank-account/292>\
**Category:** Private Practice Startup\
**Tags:** banking, guide, business, practice-startup, finances, private-sector\
**Created:** [February 14, 2024, 12:35pm UTC](https://hub.sadocs.co.za/t/step-3-business-bank-account/292 "2024-02-14T12:35:01Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![SAdocs](https://hub.sadocs.co.za/user_avatar/hub.sadocs.co.za/sadocs/32/554_2.png) [@SAdocs](https://hub.sadocs.co.za/u/SAdocs)\
**Post date:** [February 14, 2024, 12:35pm UTC](https://hub.sadocs.co.za/t/step-3-business-bank-account/292/1 "2024-02-14T12:35:01Z")

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![money-g36f005f9f_1920 png](https://hub.sadocs.co.za/uploads/default/original/1X/b422f525de6300c1b1b202d71b54c39b24132012.jpeg)

_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).

🗨_ **Please contribute to this conversation by replying to this topic.** _