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Best Small Business Bank Accounts For Llc
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Business checking accounts are an important tool for managing a business’s finances, but finding the right one can be a little daunting, especially with new options emerging all the time. In the end, it determines how well your business performs and how often you turn over your money. Here’s a guide to help you figure out what to look for when choosing the best business checking account.
Business accounts are important for businesses of all sizes. It gives you a safe home for your working capital and helps you easily move money around and pay operating expenses as they arise.
But choosing the best checking account for your business can be a little daunting, especially for new entrepreneurs.
Below, we’ll look at some important factors to consider when comparing business checking accounts and which one you should open.
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BlueVine Business Checking Account is an innovative small business bank account that can be an excellent choice for today’s small business.
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A Chase Business Complete Banking account gives small business owners the tools and flexibility they need to manage their business finances without risk financing.
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The PNC Bank Business Checking Plus account typically offers higher transaction and cash deposit limits than you’ll find with business checking accounts.
Novo Business Checking Account is an online-based checking account designed to make business banking as easy and cost-effective as possible.
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The Axos Basic Business Checking account has low fees and offers unique fees that you won’t find with many other checking accounts.
The Radius Tailored Checking Account is an easy-to-use account that goes beyond the basics to offer interest, cash back and other unique rewards rarely seen among business bank accounts.
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Bank of America business checking is a great option for small businesses looking for a branch-based checking account.
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The Capital One Spark Business Basic checking account combines the best features of online and physical checking accounts. Read our review to learn more.
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Summary: The BlueVine Business Checking Account is an innovative small business bank account that can be an excellent choice for today’s small business.
BlueVine Business Checking Account is an innovative online banking solution designed for small businesses that want the best checking and savings features and the lowest fees.
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Although it has some drawbacks, the BlueVine Business Checking account eliminates many fees, pays competitive interest rates, and offers an easy-to-use payment platform.
For example, there are no minimum balance or activity levels to avoid monthly service fees, and they have a wide range of ATMs that customers can use to withdraw cash. For businesses with significant amounts of cash in their accounts, BlueVine can be a great way to monetize that idle cash with one of the highest interest rates offered of any checking account we know of.
BlueVine offers a free payment platform that is easy to use and does not require significant technical knowledge to use. The account opening process is quick and easy, and unlike many competitors, BlueVine even gives account holders their first two checkbooks for free.
To be fair, businesses that handle cash or regularly visit a physical bank branch may want to look elsewhere.
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The same can be said for businesses that pay regularly by credit card or need the ability to send invoices via bank accounts. On the other hand, for businesses that typically don’t need office-based banking services and want to keep costs low by earning interest on unused cash, a BlueVine Business Checking account is definitely worth checking out.
Bottom Line: A Chase Business Complete Banking account gives small business owners the tools and flexibility they need to manage their business finances without risk financing.
The Chase Business Complete Banking account is ideal for businesses that pay primarily electronically or by debit or credit card.
While most banks require you to open a separate account for merchant services to accept most bank payments, Chase Business Complete Banking customers don’t have to face that problem because Chase QuickAccept includes the account.
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There are additional fees for this service, but you’d expect that with any bank account that allows credit card transactions.
This business checking account is a little unusual in that it has no monthly transaction limits for wire transfers, ATM and debit cards, and domestic transfers.
Unlimited transactions are rare with physical business bank accounts, so this account will appeal to businesses with higher transaction volumes that may incur transaction fees at some other banks.
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You have to visit a branch to sign up for Chase Business Complete Banking, so it won’t work if you don’t have one with you. That said, Chase has one of the largest branch and ATM networks of any bank in the country, so it’s a good idea to find one not too far away.
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The bank also has online and mobile account management tools, so you can do most of your daily banking without leaving the office. However, if you receive large deposits, you will surely find a branch nearby.
Summary: The PNC Bank Business Checking Plus account typically offers higher transaction and cash deposit limits than you’ll find with business checking accounts.
The PNC Bank Business Checking Plus account will appeal to small business owners who feel constrained by the low transaction limits that most physical checking accounts allow.
It acts as a bridge between basic, no-frills business checking accounts and more expensive commercial accounts designed for businesses.
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PNC Bank has the industry’s top-rated online and mobile account management tools, and it goes beyond the basics by offering Cash Flow Insight® tools that help the business track expenses, generate future forecasts and invoicing.
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