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Best Small Business Bank in Wilmington, NC

Running A Business 2 min read

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If you’re looking for the best small business bank in Wilmington, NC, look to your local First Bank. Our business banking services are designed to meet the needs of businesses of all sizes by further increasing our small business loan offerings, and we’ve been dedicated to helping small business owners since we opened our doors in 1935.

Small Business Banking from First Bank of North Carolina

You have many banking options available to you throughout all of North Carolina. In Wilmington, NC, there are five First Bank locations. Here’s what helps make us one of the best small business banks in Wilmington and across the nation:

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Visit your nearest First Bank to experience one of the best small business banks you’ll find in Wilmington, North Carolina, and beyond.


*Loans subject to credit approval. See our Terms and Conditions for complete details on our One Rewards Program. MasterCard, Debit MasterCard and the MasterCard brand marks are trademarks of MasterCard International Incorporated.

**Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value.

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What You Need to Open a Business Banking Account Once you’ve started a business, the money is going to be coming in. You will need a business banking account to keep finances in order and manage cash flow. But, before you head down to your local First Bank,* grab these key documents so your application goes smoothly. Bring These Documents to Open a Business Banking Account Every financial institution has a procedure for business owners who want to open a bank account. Because businesses make more withdrawals and deposits than the average customer, there are a few documents that a financial advisor will need to see during the application process. Business Licenses Bring along your official license to practice your profession or skill. This extends from everything from law to construction. If your license is in process, ask for an official document stating so from the licensing source. Registration of Business Before opening your business, you probably had to register with the city or state. Be sure to bring the official name and registration information along with you to the bank. This will improve your credibility during the application process. Documentation of Account Holders If your business banking account will be accessed by more than one person, thorough identification will be required of each party. For most applications, a driver’s license, passport or other government picture ID will suffice. It is helpful for all account owners to be present during the application process. Deposit Amount Business banking accounts usually require an initial deposit to be opened. Deposits should be made in cash or in money order form and should meet or exceed the minimum required. Once you have gathered the necessary documents and banknotes, you can arrive fully prepared for a business banking account application. Choosing a Business Banking Institution First Bank business banking solutions are designed for convenience and security. We offer a comprehensive range of business banking accounts designed to meet the unique needs of your company. Contact us today to learn more. *Member FDIC. ——— Sources: Business News Daily: http://www.businessnewsdaily.com/6477-business-bank-account-documentation.html 2 min read
Woman sitting in fancy hotel lobby using a laptop. Business Owners: Put Automation to Work for You A year ago today, Ann was a totally different entrepreneur. Her title might have been Owner of Little Genius Tutoring, but her to-do list didn’t quite match. She was trying frantically to keep all her students and parents happy, while also juggling the following tasks: Drafting invoices in Word and mailing them to clients—sometimes twice, when a parent would forget to send payment. Trying out various accounting programs and software but getting frustrated and reverting back to a spreadsheet to track her income. Digging through piles of checks and receipts every month to figure out which clients had paid and who was overdue. It soon became clear that Ann was actually wearing the hats of Client Services, Billing Manager, Systems Manager, and Bookkeeper. Her tutoring business was staying afloat, but she was working tons of extra hours just to make ends meet. Does this sound like a familiar story? Automation at Work Fast forward to today: Ann’s to-do list is much shorter, and she’s gained back valuable time in her day. She spends most of her workweek doing what she loves — helping her students — and just a fraction of her time collecting and tracking payments. What changed in the last year? Ann found Autobooks: the only way to collect electronic payments that’s plugged right into her First Bank business checking account. Now clients pay her through Autobooks — instead of by cash or check. And the best part? Parents can pay from their phone or computer, at whatever time of day is convenient for them, while also using whatever payment method they prefer: a credit card or check (debit from their checking account). When Ann signs into her business checking account, she has an instantaneous view of who’s paid in full and who still owes money. If a parent’s payment is late, Ann can send an automatic email reminder—no phone tag and no printing out another invoice. Ready to get started to see if Autobooks can help you save time too? Sign up for a free demo, stop by your local branch, or contact Business Support. You could be receiving electronic payments before the end of the day. 2 min read
Bank Accounts for Businesses in South Carolina Do you own a South Carolina business? Are you looking to start one? There are a number of reasons why South Carolina is a great state to do business. And First Bank* is here to provide the bank accounts, tools and services you need to succeed. The Palmetto State has several First Bank locations – with branches in Anderson, Blacksburg, Charleston, Cheraw, Columbia, Dillon, Florence, Greenville, Greer, Latta, Orangeburg and Rock Hill. We offer a variety of business checking and savings accounts as well as a collection of financial services to help you better mange your business. Find the First Bank location nearest you, and open a business bank account today. First Bank Business Checking Accounts in South Carolina We offer business checking accounts to fit the needs of any business, of any size. Compare the list below to choose the one that best works for your business. Business Essentials. WalletHub named this account one of the “Best Bank Accounts for Small Businesses” in 2014. Business Essentials is perfect for small businesses or self-employed individuals with small transaction volume. Business Interest. An upgrade from Business Essentials, this account comes with all the same basic features but allows you to accrue interest. Community Checking. The perfect account for nonprofit organization and community groups. Business Advantage. If you’re looking for a fundamental account that allows for higher transaction volume, Business Advantage may be right for you. Commercial Analysis. Larger businesses have bigger needs and might benefit from our Commercial Analysis. This option comes with custom programs for business needs on top of all the basic features of Business Essentials. First Bank’s Business Savings Accounts in SC Our collection of business checkings accounts is complemented by our three business savings accounts. Compare the three options in the list and table below. Business Savings. With no minimum balance required to start earning interest, our Business Savings account is perfect for small startups looking to find a foothold in the market. Money Market. More aggressive business owners might look to our Money Market option, which allows for six withdrawals every month free of any First Bank fees.† Certificates of Deposit.‡ Our FDIC-insured CDs typically come with a guaranteed, fixed interest rate to allow for a 10 min read