TOEIC · Practice Test 4

Conversation 36

Good afternoon. I wanted to reach out to ask a couple of questions regarding small business banking.

Level: B1 · 23 sentences

Transcript

  1. Good afternoon.
  2. I wanted to reach out to ask a couple of questions regarding small business banking.
  3. I know there are several forms I need to fill out,
  4. but what other information is needed to start a business account?
  5. So, for the most basic business account,
  6. there is a mandatory deposit of at least $10,000.
  7. The process is pretty straight forward.
  8. An account manager will look over the forms you fill out today,
  9. we will cross-check that you have the funds,
  10. and then you will receive an approval or denial.
  11. When everything is filled out correctly the first time,
  12. we can usually come to a result within 48 hours.
  13. Oh, that seems easy enough.
  14. Does the basic account include access to the banking app?
  15. I run a small business,
  16. so I would like people to have the option to pay through a bank transfer.
  17. Can you explain that process?
  18. Sure, no problem.
  19. It is possible to receive payments via a bank transfer to your business account,
  20. and we also have card scanners that you can use if you have a physical store.
  21. If your business is an e-commerce shop,
  22. I recommend a gold-level account,
  23. which is helpful for taxes and bookkeeping.