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Business Banking Blog Posts

best business checking accounts

The Best Business Checking Accounts

You work hard for your business’s money, and your checking account should honor that with great perks, low fees, and helpful banking features. We ruled out the mediocre banks and only included business checking accounts with features and rewards that stood out from the rest.

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Jun 18, 2024 Filed under: Business Banking
Free business checking

The 10 Best Free Business Checking Accounts

Most businesses should open a business bank account. Although it’s possible to run a business using your personal bank account, opening a business account makes it easier to track and control your finances. You’ll also find tax time easier and your audit risk lower when you separate your business and personal finances by using business bank services.

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Jun 13, 2024 Filed under: Business Banking
what is bank statement

What Is A Bank Statement?

Bank statements are important for personal and business finance for a few reasons, including tracking income and expenses, identifying fraud, applying for funding, and tax purposes. 

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Jun 27, 2023 Filed under: Business Banking
what is a routing number

What Is A Bank Routing Number & How Do You Find It?

A bank routing number is a 9-digit number that uniquely identifies your bank account. Also known as American Bankers Association (ABA) routing numbers or routing transit numbers, these numbers were originally created by the ABA to make the check transaction process faster and more efficient. Routing numbers are also used for direct deposit forms, apps like Venmo and CashApp, or payments through services like PayPal.

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Jun 20, 2023 Filed under: Business Banking
best business savings account

Best Business Savings Accounts In 2024

The best business savings accounts are easy to apply for, offer an interest rate or APY at or above the national average for savings accounts, and offer features aimed at small businesses. We think Live Oak, First Internet Bank, BlueVine, LendingClub, NBKC, U.S. Bank Platinum Money Market, Lili, Grasshopper, and Prime Alliance meet those requirements.

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Jan 22, 2024 Filed under: Business Banking
Online banking

What Is Online Banking?

Online banking works similarly to traditional banking; there’s just no physical location for you to visit and sometimes fewer products (loans, different accounts, etc.) to choose from.

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Jun 16, 2023 Filed under: Business Banking

How To Transfer Money From One Bank Account To Another

From mobile payment apps to wire transfers to good old-fashioned checks, the right money transfer method for your situation will depend on how much money you want to transfer and how quickly you need the transfer to be made. Let’s go through your transfer options. Afterward, check out our guide to business banking if you’re curious about other aspects of business financial management.

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Jun 15, 2023 Filed under: ACH and Check Processing, Business Banking
bank identification number

What Is A Bank Identification Number?

BINs work by identifying the type of card being used to make a purchase, the location of the card issuer, and which bank issued the card. Financial institutions can then compare this information to their cardholder data to more easily identify fraudulent charges.

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Jun 12, 2023 Filed under: Business Banking
Best banks for LLCs

Best Business Bank Accounts For LLCs

Opening a business bank account for your LLC can be done quickly and easily. You can even apply online. What you need to open a business bank account will depend on how your business is structured and what the bank you choose requires. Expect to provide government-issued identification, an EIN or Social Security number, your business license, and your incorporation documents.

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Feb 14, 2024 Filed under: Business Banking