Skip to Main Content

About RBC Bank > Media Information >

RBC Bank: What To Do When Your Business Has Gotten Too Big For Your Kitchen Table


Raleigh, N.C. – May 17, 2011 – If you are like many small business owners today, you operate out of a small office, and that office might be at your very own home. You may have an employee or two – or not. But you have gone from start-up to break-even to profitable, and now it’s time to look at how to take your operations to the next level.

You may be surprised to know that while you might still be receiving payments from customers by paper check, almost a third of small businesses like yours don’t do it this way. They use a bank’s automated clearing house (“ACH”) services. ACH is an automatic drafting for collection that allows for a couple of key advantages over checks: quicker notification (if non-sufficient funds or closed account, etc.) and improved cash flow, since as you control the dates of collection, you have a more predictable inflow of cash.

ACH is a treasury management product that can be a good fit for some small businesses. Other treasury management and small business banking services that it may pay for you to look into are available from many banks as well:

  • You may be familiar with online banking and online bill pay, but if you are not using this service you are leaving money on the table every time you put a 45-cent-stamp on an envelope and mail a payment.
  • Likewise, mobile banking increases your flexibility by allowing you to leave your office while still monitoring your accounts and making important transactions while you are away from your computer.
  • Remote Deposit allows you to deposit checks from your office at your convenience throughout the day. By using a desktop scanner and web-based application, you can efficiently capture check images and safely transmit them to the bank.

Your small business may benefit from one or more of these products or others designed to increase your flexibility and your cash flow. RBC Bank specializes in building relationships with its clients and would be happy to help you assess the right products and services to take your business banking off your kitchen table and onto the next level of convenience and profitability.

This article is provided by RBC Bank. The information included in this article is not intended to be used as the primary basis for making financial decisions. RBC Bank does not provide tax or legal advice. Please consult your own financial, tax or legal advisor.

To request a seminar on Growing Your Business, Optimizing Cash Flow or other Small Business topics, contact your local RBC Bank branch.

About RBC Bank

RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice to individuals, businesses and public institutions throughout the Southeast. RBC Bank’s network includes more than 420 full-service banking centers in six states (Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia), an extensive ATM network and telephone and online banking. RBC Bank is the 40th largest U.S. bank by consolidated assets, according to SNL Financial’s List of the Nation’s 50 Largest Banks, September 2010. RBC Bank is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest and most stable bank as measured by assets and market capitalization. In August 2009, Global Finance Magazine ranked RBC as the safest bank in the Western Hemisphere. RBC is also one of the world's financial, social and environmental corporate leaders, having appeared on the Dow Jones Sustainability World Index every year since its creation in 1999. Additional information about RBC Bank may be found at