Time spent on these administrative activities translates to lost productivity. The survey offered clues to what small business owners will be doing to gain more time. Of small business owners who do not currently bank online, seven percent report they plan to begin banking online in the next 12 months. Small businesses with fewer than 10 employees account for nearly 80 percent of all U.S. companies. In Applegate's opinion, moving to online banking is an easy way for small businesses to increase productivity.
Online banking is a time-saving convenience.
In response to an emerging trend, the Small Business Banking Group of BANK ONE has introduced online products, services and experiences designed for small businesses. The package is available to small businesses in states where BANK ONE does not have banking centers. BANK ONE offers a full range of financial services to commercial and business customers and consumers. Bank One currently serves 460,000 small business customers and is the third-largest bank provider of loans to small business. All rights reserved.