Which aspects of banks is considered most relevant to businesses when choosing a bank?

Homework chapter 27 need correct answer plus support to each answer

1. Fees: Businesses should consider the various fees associated with account and banking services, such as minimum balance requirements, monthly service charges, and overdraft fees.

2. Services: Consider what services a bank offers that are most relevant to your business needs. Examples include online/mobile banking capabilities, merchant services for accepting credit card payments, lines of credit or loan options, payroll services, and accounts receivable management services.

3. Location: Depending on the nature of your business activity or customers you serve having access to local branches is important for businesses in order to deposit cash or checks efficiently into an account; visit a branch manager when needed; or meet with financial advisors regarding business strategies and investments.

4. Security & Reliability: Ensure that the bank you select has strong security measures in place to protect customer data and funds while also maintaining reliable uptime of its digital systems (online banking platform).