As a business owner, you rely on your bank for basic banking services like a checking account, treasury management tools and loans. But you may be missing out on lesser-known financial products and services that can help you manage and grow your business.
Here are five business banking products and services from Zions Bank that can help strengthen and grow your small business.
1. Family Business Banking Services
Family dynamics can be tricky, and even more so when your family is tied together in business. When the success of your company is a family matter, Family Business Banking Services helps you navigate the financial complexities of the family business.
Whether you’re looking to improve communication, resolve conflicts, plan a transition, or manage your estate, Family Business Services offers educational and financial advisory services to keep your business – and your family – running smoothly.
2. Foreign Exchange Services
When you’re seeking new opportunities in global markets, Zions Bank Foreign Exchange acts as an experienced financial guide to help you navigate the complexities of doing business abroad. Utilizing Zions Bank Foreign Exchange gives access to new markets, negotiate with international suppliers and exchange foreign currency with a team of seasoned bankers to help you mitigate risk and overcome the unique challenges of doing business overseas.
Along with a foreign exchange online trading portal, hedging solutions, foreign currency drafts and banknotes, Zions Bank provides financing for working capital, purchasing products overseas, paying suppliers, and other international needs.
3. 1031 Exchange Services
A tax-deferred exchange under Section 1031 of the Internal Revenue Service Code allows for the sale of investment properties and the acquisition of “like-kind” properties while deferring federal — and possibly state — capital gains taxes.
Zions Bank’s 1031 Exchange Services makes the tax-deferred exchange process easy. The bank acts as a qualified intermediary to funds between the sale of the relinquished property and the purchase of the replacement property. Customers pay a flat fee for the exchange service and keep the interest earned in their qualified trust account.
4. Zions Bank Business Client Benefits
Give your employees extra financial perks without spending a dime. As a Zions Bank business client, your employees are eligible for banking deals and exclusive products, including loan discounts and special credit card benefits. No matter how many or how few employees you have, you can enroll your workforce in our group banking program, Zions Bank at Work. Visit a Zions Bank branch to learn more about the business client benefits.
5. Business Products and Resources All in One Place
A one-stop shop for all your business needs, Business Complete connects you with companies that have products and services designed with your small business in mind. From tax and accounting services to human resources and payroll services, Business Complete is designed to save you and your business time by listing these services in one place, as well as by providing you with additional business and financial solutions to meet your clients’ needs.
Let Zions Bank help you find tools to meet your business needs to be successful. Along with comprehensive banking services, we offer free resources for aspiring, new or existing business owners through our Business Resource Centers. Visit with an experienced banker at a Zions Bank branch to learn more about the financial tools and services available to help grow your business.
Content above is offered for informational purposes only and does not constitute tax, legal, financial, or business advice. Contact a specialist about your specific needs and circumstances. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products, services, or content offered under or associated with such marks.
