As a new business owner, you want to set your business up for success.

And the decisions seem-never ending when you’re just starting out.

You have to choose a business name, structure, and location. You have to choose pricing and your working hours. You’re making decisions around branding and whether to hire a team.

You have to make important decisions about the financials of your business as well.

And that includes which business bank account to go with.

It’s not easy to choose the perfect business bank account for you. Here are a few pointers.

Consider What’s Important to You

We all have different styles and prefer different ways of doing business.

For some, the ideal bank has ample locations, great hours and excellent customer service so you can go to a brick-and-mortar location to do your banking.

Others would prefer a completely electronic banking experience and don’t place any value on the ability to walk into a bank branch, opting for the convenience of logging in online.

If you don’t consider these factors in a bank before you choose the perfect business account, you run the risk of not feeling as if you are being served well by your bank.

Think about what you value in a bank. Do you need to be able to meet with tellers in person? Are you paid mostly in cash and want to be able to have a secure place to drop it off? Or do you spend a lot of time online and find electronic banks more convenient?

Take these factors into consideration before you choose so you don’t have to go through the hassle of switching later on.

Decide Whether You’ll be Taking Out a Loan

Many businesses need funding for equipment, fixtures, and start up costs.

Often, that funding comes from a loan from a bank.

If you need funding, your bank account needs will differ from somebody who doesn’t require funding.

Chances are you’ll want your loan to be at the bank you are using for your business. If you’re taking out a loan, assess whether the bank has not only good business loan options but also good business account options as well.

Assess the Account Features

There are many features of a business bank account, and certain features will be important to you based on your situation and your business.

Some come with one-on-one advisorship. Some have features such as interest-paying checking. And some are lower cost options that might be best when you’re just starting out.

If you’re on a budget and prefer a lower cost bank account, most banks will have something to fit that need. Keep in mind what type of transactions you’ll need to process in your bank. Some accounts don’t process specialty transactions, and some don’t work with foreign currency.

Consider Customer Service

As a business owner in the Relational Economy, you know how important relationships are between a service provider and the customer.

And your business bank is handling your assets in your business. It is very important that you have a good relationship with the staff and the team at whichever bank you choose.

It’s imperative that you trust your bank, and you feel comfortable working with them to sort out any concerns or issues you have with your accounts.

You use the features of a business account far more than you might for a personal account, so recognize that you will have to build relationships with whichever bank you choose.

Choosing a business bank account doesn’t have to be difficult, but it can be overwhelming. Before you set up your account, think about these features.