Thats great, but you also have the somewhat messy and complicated parts of operating a business.
If you start off solo or small, youll be tackling a lot of tasks yourself.
That might include deciding which business checking account you should get started with.
So, were going to address something relatively simple in the business world: the best business checking accounts.
For instance, do you make a lot of transactions?
Do you want a business credit card ASAP?
Do you prefer a big bank where you might pop into a different branch every half mile?
There are other considerations.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you might easily return later.
Well keep it updated as offers changes or expire.
And ideally, it saves you some money and headaches in the process.
An inconvenient reminder: Banking institutions can be acquired and shut down.
Did you know?
The purpose of a business checking account is to keep your business finances separate from your personal finances.
Technically, you might not need one, depending on thelegal structure of your business.
But youll want to beextremelyorganized about keeping track of your business money for tax time.
(Nothing will dampen your momentum like getting audited.)
The bang out of business youre running makes a difference here.
But if youre starting any kind of business, its probably in your best interest to open one.
Chase Business Complete
Chase has business saving account, lending and credit card options, too.
For more details on Chases checking and credit card offerings, check out our fullChase Bank review.
Wells Fargo also offers small-business lending and credit card options.
The banking giant also announced it will becurbing certain feesand offering other services for qualifying customers throughout 2022.
For more details on Wells Fargos checking and credit card offerings, check out our fullWells Fargo review.
And in general, Chase, Wells Fargo and U.S. Bank are all good options for an LLC.
Axos Basic Business Checking
Business owners can get up to a $400 welcome bonus.
Other benefits: customers can pay bills with no charge through the app and get 50 free checks.
For more details on Axos Banks checking and credit card offerings, check out our fullAxos Bank review.
Lili is FDIC-insured through Choice Financial Group up to $250,000.
They also offer two additional plans with accounting and tax preparation software.
*Lili is a financial technology company, not a bank.
Banking services are provided by Sunrise Banks N.A., Member FDIC.
Theres no APY for the free version, though the paid version yields 1.5%.
Found offers a deep layer of consumer protection, including two-factor authentication and fraud monitoring.
Plus, funds are insured by the FDIC up to $250,000.
If your area isnt listed, you’re able to research credit unions and banks near you.
Simple Business Checking has no monthly fee.
Summary of Best Business Checking Accounts
Whats the Right Business Checking Account for You?
The bottom line: The best business checking account for you will depend on your business and needs.
Start your search now, so your future self and CPA, come tax time will thank you later.
If youre a sole proprietor, the process might feel similar to opening a personal checking account.
Requirements will vary from bank to bank.
And youll have good financial records if you want to apply for loans.
An individual biz account is good branding because of checks with your business name on them.
However again its a solid move to keep your business financials in one location.
The best bank for your business will depend on several factors.
Or, maybe you prefer to support a regional credit union the options are nearly endless.
Overall, its best to look for a bank with no or low fees.
An incentive of up to $400 can be earned during the first five(5) statement cycles.
A statement cycle is a calendar month consisting of at least one day your accountwas open during that month.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
