Banks serve businesses in much the same way as they serve individual customers, with business loans and business checking and savings accounts, except that these accounts carry much larger amounts of cash and may have higher interest rates, according to Investopedia. Banks also provide extra services for businesses, such as real estate analysis, debt and equity structuring, cash management, supporting merchant transactions, setting up employee retirement accounts, pension plans and payroll transactions.
Banks are essentially a place for businesses to keep their money safe, help them grow and to seek loans for business expansion or new equipment. Beyond these basics, banks provide businesses with extra services because businesses keep very large amounts of money with the bank. For instance, a bank offering cash management services to businesses may help with accounting, tax payments and specialized cash deposit systems for businesses that need to deposit large amounts of cash at the end of each business day, according to American Savings Bank.
Most banks also work with special affiliates to offer business customers services like payroll processing. The business customer may contact the bank about creating employee paychecks each week and the bank refers the business customer to an affiliate service they trust to handle the process.