When you’re looking for a business checking account with a bank that doesn’t use ChexSystems, be sure to consider fees and limits. Some second chance checking accounts charge monthly maintenance fees, ATM fees, or other hidden fees. Also, look at the bank’s daily limits for deposits, withdrawals, and purchases. Make sure they aren’t so low…
Banking
How To Open a Sole Proprietorship Bank Account in 5 Steps
Setting up a bank account for a sole proprietorship is a straightforward process that you can accomplish in five easy steps. Begin by registering your business name, finding the best account, and assembling the required documents. When you have the required documents ready, apply online or in person at your local branch. Lastly, fund your…
7 Best Banks for Real Estate Investors for 2022
A bank can be considered real estate investor-friendly if it provides the financial resources you need to support your investment goals and secure your funds. A good real estate bank should offer a selection of account and financing options, including checking and savings accounts, short-term mortgages, and portfolio loans for multiple properties. Furthermore, it should…
8 Best Free Business Checking Accounts for 2022
Finding a free business checking account that meets all of your business banking needs can be a challenge, and most of the truly fee-free accounts are hosted by online-only banks. To best represent the varying banking needs of small businesses, when compiling this list, we also considered traditional business bank accounts that have low and…
5 Best Bank Accounts for Self-employed Professionals in 2022
As a self-employed business owner, it’s important to find a bank account that meets the specific needs of your business. Like most businesses, when choosing an account, you’ll want to avoid as many fees as possible, have access to the services you need—whether that be software integrations or the ability to deposit cash—and have the…
5 Best Banks for Nonprofits for 2022
When searching for the best bank for your nonprofit, there are countless options to choose from. To help you decide on which bank will best fit your business needs, we selected banks that offered products geared specifically toward nonprofit organizations, had minimal—or no—fees, and demonstrated a high level of community involvement. The best banks for…
6 Best Online Business Banks in 2022
Consider what products and services you’ll need when shopping for an online bank. Some are full-service while others specialize in just a few well-crafted offerings. A good online bank should offer you features like interest-earning checking, customer discounts, and zero fees. You should also be able to reach a bank representative through phone, email, or…
8 Best Small Business Checking Accounts for 2022
With all of the options available, choosing the best small business checking account for your business can be daunting. To narrow your search, focus on the key aspects that are most important to you. Whether you prefer to conduct your banking in person or online, you’ll want to review transaction and cash deposit limitations, account…
8 Best Banks for Small Businesses in 2022
Deciding which bank to choose for your small business can be a challenge, so it’s good to narrow down your options by thinking about what you need for your business. Consider the size and type of business you own, your transaction volume, and whether you need a full-service bank with many convenient locations or an…
6 Best Business Checking Accounts for LLCs in 2021
The best checking account for your limited liability company (LLC) matches the needs of your business and supports you as you grow. Consider transaction volumes, whether you’ll be making cash deposits, and if you’ll need access to branches or ATMs. The best accounts can save you money with low fees, a sign-up bonus, and rewards….
11 Steps for Separating Business and Personal Finances
To protect personal assets, organize business finances, simplify accounting, and avoid future tax problems, business owners should not commingle personal and business funds. New business owners are often unfamiliar with the process of separating business and personal finances, so we’ve created this step-by-step guide to help you manage your business finances effectively. Step 1. Get…
10 Best Banks for Startups
Keeping business and personal finances separate is necessary even for new business owners, so it’s essential to open a separate business bank account when you start your business. The best banks for startups offer basic business checking accounts with few to no fees and a wide range of deposit products that can scale with your…