THUMBS UP: Microbusiness Accounts

Physician's Money Digest, June15 2003, Volume 10, Issue 11

The green light:

Many banks are waking up to thefact that small businesses with fewerthan 5 employees, which includemany medical practices, are a goodsource of income. Many are rollingout the red carpet to attract thesemicrobusinesses, providing them withbill-paying services as well as onlinedirect deposit and wire transfers.Credit card companies are also gettinginto the act, allowing small businessesto track credit card activity anddownload reports online to moneymanagement software packages likeQuicken and Microsoft Money. Somecards even reward business ownerswith bonus points that can beredeemed wherever the card isaccepted. Interesteddoctors should shop around.