Day 10 – Setting Up Your Business Bank Account
Get Your Business Banking Sorted!
One of the most important things: NEVER mix business and personal money. Today we fix that!
Today’s Task (Preparation – 30 mins / Bank visit – 1 hour):
Choose a bank and open your business account (or book an appointment).
AI Tool for Today:
Banking Comparison Helper
Prompt: “I’m opening a business bank account in South Africa for a small [your business type]. I’ll make approximately [number] transactions monthly. Compare the costs between FNB, Capitec, Standard Bank and Nedbank business accounts. Which is most cost-effective for my needs?”
Need some help?
Confused about which bank to choose? Need help understanding fees?
Before You Sleep Tonight:
If you opened your account today – CELEBRATE! If you booked an appointment, that’s just as good. Tomorrow we set up your bookkeeping system!
Tomorrow: Simple bookkeeping – I’ll show you how to track every rand without going crazy!