Many banks in North Dakota offer special services to the small business owner. North Dakota retail banks offer services that go beyond securely saving your money or investing it for the future. Banks can also issue your business money orders, credit or debit cards and small business loans.

When choosing the right North Dakota bank for your business, you need to select one that accommodates all your banking requirements. Retail banks in North Dakota should provide you with personalized customer service. Look for online access to your account, accommodating customer service reps and small business packages to enhance your banking experience.

Consider the following before you choose the right retail banking in North Dakota:

1. Select a retail bank in North Dakota that fulfills all your current needs, and can continue to accommodate you once you start to grow.

2. Look at the fine points, like interest rates and minimum account balances, before you make your final decision.

3. Check with your accountant, lawyer or local chamber of commerce for referrals. The North Dakota retail banks you choose from should be reputable institutions.

Action Steps
The best contacts and resources to help you get it done

Ask North Dakota retail banks about their business packages

Retail banks in North Dakota often provide small business packages to accommodate the specific needs of the business owner. Compare options with the financial institutions you are considering. Packages may include electronic statements, working capital credit lines and free small business credit consultations.

I recommend: First State Bank and Security State Bank are two North Dakota state banks that offer business banking packages. Add them to your list of banking options.

Go with a national chain in North Dakota for easy access to your money, no matter where you are

Not all North Dakota banks are created equal. If you plan on expanding your business throughout the United States, you may want to partner with a national bank, rather than a local one. National retail banks also come in handy if you do business from the road. Just make sure you aren't exchanging convenience for personalized customer service.

I recommend: Wells Fargo and Wachovia are both national retail bank chains with branches in North Dakota, so you can do your banking from anywhere in United States.

Use online retail banking services in North Dakota to keep an eye on your finances 24/7

Online retail banking services in North Dakota provide small business owners the opportunity to bank from any place that has internet access, any time. Not only can you check your account online, you can transfer funds, pay bills and access images of processed checks. This is a great convenience for the busy small business owner.

I recommend: Both American and Security Bank First Bank provide online banking services for customer convenience. The latter is a retail bank in North Dakota that specializes in agriculture banking.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Before you choose a bank in North Dakota, meet with its management. Forming a relationship with a bank's leadership could make it easier for you to get credit if you need it. Also, make sure the bank understands your needs as a small business owner.