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4 Reasons Silicon Valley Bank Should Be Your Startup Bank

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Silicon Valley Bank (SVB) – Banking Solutions For Startups

Is your startup in the market for a reliable banking solution? If this is the case, then it can be tricky to decide what the best solution is for your startup. With so many other essential parts of your business that need attention, the last thing that you want to do is to spend a lot of time on finding banking services.

For your financial services and business banking needs, consider managing your accounts with the Intelli Bookkeeping’s Premier Banking Partner of choice:  Silicon Valley Bank.

Who Is Silicon Valley Bank?

Silicon Valley Bank (also known as SVB) offers business banking solutions and financial services for startup companies and entrepreneurs.

What Services Can Silicon Valley Bank Offer My Startup Company?

SVB provides Startup with an array of Financial Services including:

  • Business Banking
  • Merchant Services
  • Lending
  • Venture Capital
  • Wealth Management

Whether your business is in the initial startup phase, or in the process of growth, SVB has a solution for you!

Here are four reasons why your business should partner with Silicon Valley Bank:

1. A Trusted Partner For Startup Banking Solutions

Silicon Valley Bank is a trusted banking partner for those entering the startup industry and beyond.

Industry Recognition 

In 2016 Forbes Magazine dubbed Silicon Valley Bank as being one of the Best Banks in America for Startups.

The bank has been in operation for more than 30 years and has helped with funding for more than 30,000 startup companies. Bank holdings include both Domestic and International assets.

SVB has a finger on the pulse of the startup culture. As a result, they have a dedicated team that focuses on helping Entrepreneurs and Startups to succeed. This team can help you choose the best options for your business so that you can carry out your financial tasks with confidence.

2.  Partners For The Life Of Your Business 

From account establishment to 409A Valuation(s) SVB is a full-service financial partner. When you become a partner with Silicon Valley Bank, this partnership spans the life of your business.

Silicon Valley Bank and Intelli Bookkeeping understand the struggles that Entrepreneurs and Startups face. Because of this, we’ve partnered together to help minimize these challenges for you.

Choosing Silicon Valley Bank with integrated services from Intelli Bookkeeping makes your back-office financials run smoothly. In addition to providing worry-free banking, this solution helps you to get back to the vital task of managing your business. No more having to worry about business banking or accounting management!

3.  Easily Integrate Business Accounts With Bookkeeping Software

Another notable feature that SVB offers is the ability to link your business bank accounts with your bookkeeping and accounting software! Linking all of your accounts results in always having access to real-time transactions for all of your linked accounts. Additionally, banking and real-time monitoring features are available to view on your mobile devices on-the-go.

The services offered by Silicon Valley Bank integrate seamlessly with Intelli Bookkeeping’s integrated services as well as other third-party applications. Intelli Bookkeeping makes connecting your SVB accounts with business bookkeeping tools such as Gusto ,  Xero and QuickBooks Online .

How Intelli Bookkeeping Helps Connect Your SVB Banking Accounts 

Personalized assistance is provided to help you seamlessly link your bookkeeping and banking software. For existing Silicon Valley customers the Intelli Bookkeeping  support team can help you connect your accounts. Available Integration Options include:

  • Silicon Valley Real-Time Bank Feed(s)
  • Bookkeeping Software via  Xero and QuickBooks Online
  • Financial Reporting & Analytics

For new Silicon Valley Bank customers, Intelli Bookkeeping also opens the requested accounts on your behalf.

Intelli Bookkeeping has priority access to Silicon Valley Bank’s dedicated customer service team. The result of this partnership making the account opening process is faster and easier for you.

Once your accounts are established, you may contact either Intelli Bookkeeping or Silicon Valley Bank customer service, if you should need assistance or have banking questions.

*You may also view and manage your accounts online or by using the SVB mobile app on your iPhone or Android device.

Silicon Valley Bank Startup Banking Options: (Overview)

Silicon Valley Bank Financial Services

 

 

 

 

 

 

 

 

 

Are you looking for a specific service? In addition to the services previously listed here is an overview of additional SVB banking services:

No-Fee Business Checking, Online & Mobile Banking Services including iPhone and Android apps for on-the-go banking.

Customizable Startup Banking Bundle(s): 

Pre-Series A Banking Bundle

  • Business Checking Account and Payment Services
  • No Monthly maintenance fees for the first two years
  • Free incoming wires
  • No fee for ACH debits and credits, bill payments services, check payments
  • Mobile Deposits (iOS and Android)

Post-Series A Banking Bundle: 

  • Business Checking Account and Payment Services
  • No monthly maintenance fees
  • Free incoming wires
  • Two Domestic and One International USD outgoing free wires per month
  • No fee for ACH debits and credits, bill payment services, check payments
  • Mobile Deposits (iOS and Android
  • Payment Acceptance Solutions: (Processed via SVB Global Merchant Services)

Startup Lending Solutions

Fraud Prevention

409 A Valuations

4. Easy To Manage Online Banking Solutions Overview

In addition to being able to view and manage your SVB and Intelli Bookkeeping accounts online, SVB also has mobile banking features that include a mobile app. With this add-on service, you’ll never miss a payment or deposit!

Banking Features:

  • Free Mobile Check Deposit
  • Real-Time Monitoring of Banking and Card Accounts
  • View and Manage Wire Transfer Activity
  • Get Push Notifications on your mobile device
  • Premium access to Customized Business Solutions 

*All features are available using the iPhone or Android app(s).

Silicon Valley Bank is “the” destination for Startups looking for an easy and scalable banking solution. As your business grows, your banking options will grow at the same time. There’s always a solution for you! Not to mention that we take care of the hard parts for you, so that you can focus on what’s important.

Your Business!

Are you ready to get started?

To get started or to learn more, click here to Get In Touch With Us !

 

 

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