Your bank account is your best friend when you operate your business using the Profit First Methodology. Unfortunately, NZ banks don’t seem to share the love! Besides the fact that they are slowly disappearing from our main streets, it’s almost impossible to open new business trading bank accounts. For this reason, if you are converting to Profit First cash management system, I suggest making an appointment with your bank asap because the process can be painful! Here’s the list of the best banks in New Zealand for small businesses, based on criteria such as fees, overdraft rates, reputation in lending, and mobile banking app usability:
