Small Business Bank Accounts

Whether you’re a freelancer who takes on occasional projects or an established small business bank accounts, keeping your personal and business finances separate helps you stay organized. It also lets you track expenses, avoid inadvertent overspending and present a more professional business image to clients and customers.

What is business online banking?

Having the right bank accounts can help you grow your business and reach your goals. And you have more options than ever before — from the offerings of traditional major banks to new online banking startups that cater to entrepreneurs. In addition to a free business checking account, some offer a suite of tools and services like merchant services, cash management solutions and SBA loans.

You should also consider what features matter most to you when choosing a business checking account, such as the ability to make mobile and online bill payments or transfer funds between accounts. Look for banks that don’t charge ATM fees on domestic transactions, or at least reimburse them for out-of-network withdrawals. You may also want a business checking account that lets you deposit and withdraw cash directly from the bank, or one with a low minimum opening balance.