Bank Of America Small Business Checking Login – Applying for a bank account can bring many benefits to your business, but it often seems like a daunting task. This is especially true when you are running a newly incorporated LLC and trying to balance the needs of a new business.
The options for business checking accounts are seemingly endless, and it can be difficult to determine which account is best for an LLC.
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Fortunately, we have compiled a list of the best business bank accounts for LLC owners. We will compare the different requirements, benefits of each, and the cost of opening a business bank account. Let’s start.
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Opening an account with traditional banks can be time-consuming and complicated. Bonsai Cash is a business checking account that is easy to set up. Even worse, you may incur additional fees, which is not ideal for LLC owners who get their business off the ground.
Bonsai Cash is the best alternative: a convenient, easy-to-use business checking account to manage money, send money, facilitate spending and set up a savings account. With Bonsai Cash, you can manage everything in one simple platform that saves you the hassle of switching between different accounts.
Bonsai Cash also includes a feature called Envelopes, which allows you to create small accounts. This allows you to have separate savings accounts for vacations, emergency funds, tax responsibilities, and more. Bonsai Cash is great for LLC owners who want to quickly set up, send instant payments, and easily manage their business checking account.
The BlueVine Business Checking Account earns 1.20% APY on all balances up to $100,000, which is better than what you’ll find at most brick-and-mortar banks. And unlike other interest-bearing accounts, it doesn’t require you to maintain a daily or monthly minimum balance.
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There are no monthly fees, no financial penalties, ACH payment fees, or minimum deposits to open a BlueVine business bank account. This account also includes unlimited transactions and access to cashless ATMs.
Account gives you all the tools you need to manage your money, including mobile savings and recurring and one-time payments. You can also integrate transactions into accounting software such as QuickBooks Online, Wave, or FreshBooks. In addition, you can connect your account to third-party services such as PayPal and Expensify.
BlueVine does not offer face-to-face service through branches. However, customers can still use a variety of transaction options as BlueVine is integrated with several other financial networks. For example, through the MoneyPass ATM network, BlueVine users can access over 38,000 free ATMs in the United States.
Although BlueVine does not have physical branches, you can still book with BlueVine. Green Dot, a bank holding company, has partnered with BlueVine to offer bank customers the ability to make deposits. You can currently make reservations at over 90,000 locations in the United States.
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Unfortunately, storage comes with a fee, one of the few BlueVine services you have to pay for. Green Dot charges up to $4.95 for each cash deposit, which may be subject to daily limits.
The Axos Basic Business Checking Account is great for LLC owners who don’t want to deal with monthly fees or maintain a minimum balance.
With this account, you won’t pay monthly maintenance fees, so you don’t have to worry about leaving the monthly fee that most traditional banks charge.
And while the account has minimum deposit requirements, you don’t need to maintain a balance to avoid additional fees or closing the account. On the other hand, most brick-and-mortar stores require you to maintain a minimum amount, which can be difficult for new LLCs and first-time business owners.
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A Business Interest Checking Account may be the best fit for you who want to earn interest on your money, have a balance of at least $5,000, and make a few transactions each month.
With this account, customers can earn up to 0.81% interest, depending on their account balance. To open a business interest checking account, you must first deposit at least $100. Additionally, you must maintain a minimum daily balance of $5,000 to waive the $10 maintenance fee.
Similar to the Basic Business Checking Account, the Business Checking Account offers unlimited domestic ATM withdrawals. Your first 50 trades per month are free and each additional trade costs $0.50. Note that you are limited to 60 deposit attempts using Deposit Anywhere, which allows you to deposit checks remotely using the Axos Bank mobile app.
Another benefit? If you are the owner of a new LLC, you can get a $200 account opening bonus. You can use the promo code NEWBIZ100 to claim the bonus. Note that you need to maintain a minimum daily balance of at least $2,500 for the first two months to claim the $200 bonus.
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Wells Fargo is the fourth largest bank by assets and has nearly 5,000 branches in 37 states, making it an excellent choice for businesses with multiple locations or those who prefer to bank in person. Business Choice Checking Account includes debit card, online and mobile banking, and access to 16,000 ATMs nationwide.
Business owners can take advantage of services such as business services, payment services and business credit cards through Wells Fargo. The Business Choice Checking Account has a $15 monthly service fee that can be waived if you maintain a minimum balance of $7,500.
In addition, you have a limit of $7,500 per month on the amount of money you can make without paying a fee, which is higher than many other banks. You will be charged 30 cents every time you deposit more than $100 in cash after your monthly allowance is used.
Bank of America is the second largest bank in the United States by assets and offers a variety of business products and services, from loans and lines of credit to business services and global business solutions.
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Business Essentials Checking Account is best for LLC owners who have enough money in their account to avoid monthly fees, prefer visiting banks and ATMs to online banking, and don’t do a ton of transactions every month .
You can avoid their $16 monthly maintenance fee by maintaining a minimum balance of $3,000, making at least one deposit of $250 or more per statement cycle, or by linking your Business Key to Business Services account from Bank of America. If you do one of these things, you will get unlimited trades every month.
One of the benefits of opening this account is that Bank of America will not charge you a fee for the first 200 transactions, including cashed checks or deposits. After that, the bank will charge you $0.45 per item. Free credit on the first $7,500. After you exceed the $7,500 limit, the bank will charge you a fee of $0.30 for every $100 you deposit.
Another reason we put Bank of America on this list is that the bank likes to offer bonuses to new customers. It currently offers a $750 business signup bonus, but you need to deposit at least $50,000 to claim this bonus.
Impact Banking: Bank Of America
If you deposit at least $5,000 within 15 days of opening your account, you will receive a $200 bonus. This number increases to $500 if you deposit at least $20,000.
The Chase Business Complete Accounting Account is designed for small businesses and includes many features to help you manage your finances, including online and mobile banking, access to 16,000 ATMs and a dedicated banker .
There is no transaction fee for the first 20 transactions made through ATM or paper checks drawn on the account. Users pay 40 cents each time they make a purchase after this point.
The Chase Business Complete bank account requires no deposit and offers unlimited payment options. Customers can also use Chase QuickDeposit, wire transfers and Chase Online Bill Pay to send and receive money, saving them the hassle of visiting a physical bank branch.
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To avoid the $15 monthly service fee, you must meet any of the following conditions during the monthly statement period:
The Chase Complete Checking Account offers a $300 sign-up bonus when you deposit $2,000 in the first 20 days. Maintain that balance for 60 days and complete five qualifying activities, including a debit card purchase or mobile check deposit, and you’ll earn $300.
America Bank is the fifth largest bank in the United States, with branches in 26 states. It is a good choice for LLC owners who want the convenience of mobile and online banking without sacrificing in-person customer service. .
American Silver Market Research Fund The bank includes a free debit card, online and mobile banking, and access to 4,700 ATMs nationwide through the Allpoint ATM network.
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You can also open a Silver Business Savings account to help you manage your expenses and set aside money for taxes or other business purposes.
There are no monthly fees with a Silver Business checking account and you get 125 free transactions
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