How To Open A Business Checking Account

Now that you know how to open a business checking account online take a look at our list of the best business checking accounts to see where you should open yours.

How to open a business checking account. For more information on why you should open a business bank account check out our guide. A business bank account establishes your business as its own entity that s completely separate from your personal finances. With spark business unlimited checking you get 5 free domestic wire transfers per month and have access to 2 basic checking accounts at no additional cost. The business checking account that rewards your td bank relationship.

Also be aware credit unions may not offer a business checking account. No monthly fee for up to 3 additional accounts including td small business money market plus and up to 2 td business simple checking accounts 1. A qualifying transaction from a bb t merchant services account disclosure 3 3 bb t merchant services are subject. Purchases on any combination of credit and charge cards cannot be aggregated to reach the monthly spend.

Other business accounts may reward business owners by waiving monthly fees if the minimum monthly account balance is maintained. To link your business card account to your business advantage checking account please visit your local financial center or call 888 business 888 287 4637. If your startup business needs a license you will also need to provide your license documentation when opening a business account. This separation is essential for protecting your personal assets.

6 000 combined average monthly balances in checking accounts money market savings accounts and or outstanding balances on business or personal bb t credit cards disclosure 2 2 business credit cards are subject to business type and credit approval. A business bank account helps you stay legally compliant and protected. And of course you can make as many transactions as you want with no unexpected fees. Several banks offer both options.

1 500 average monthly balance. Open a business account when you re ready to start accepting or spending money as your business. Chase has a business checking account for your business. But opening a checking account is just the beginning of your small business s story.

Open a business account online or in person. Business owners can open a business bank account in person at a branch location or online. It also provides benefits to your customers and employees. Business checking includes mobile and online banking with access to 16 000 atms and nearly 5 000 branches.

Purchases must be made on only one of either the credit or charge card accounts.