Are there any checking accounts for small businesses?
Are there any checking accounts for small businesses?
No matter where you are in your business journey, our three checking account options have you covered. For the ambitious business owner seeking a stable foundation, Initiate Business Checking gives support you can count on.
Do you have a business checking or credit card?
Every business should have its own business checking account and small business credit card account, but it’s important to understand that business accounts can differ greatly from personal accounts in both features and fees. Here are some tips for maximizing how those accounts can be put to work for your company.
What are the benefits of a business checking account?
No minimum monthly balance. This basic account meets the needs of most smaller businesses, and includes the first 200 check transactions (checks deposited, paid or cashed) per statement period at no charge and unlimited electronic transactions. You’ll also get a free business debit card and the option to receive additional cards for your employees.
Is there a fee for a business checking account?
No maintenance fee. No minimum monthly balance. This basic account meets the needs of most smaller businesses, and includes the first 200 check transactions (checks deposited, paid or cashed) per statement period at no charge and unlimited electronic transactions.
No matter where you are in your business journey, our three checking account options have you covered. For the ambitious business owner seeking a stable foundation, Initiate Business Checking gives support you can count on.
Every business should have its own business checking account and small business credit card account, but it’s important to understand that business accounts can differ greatly from personal accounts in both features and fees. Here are some tips for maximizing how those accounts can be put to work for your company.
Are there any fees to open a business checking account?
The Free Business Checking Account features no fees per-item or transaction, no minimum balance, no opening deposit requirements, and no overdraft fees. Remote banking includes full mobile accessibility, where business owners can deposit checks for free, pay vendors and bills, and make wire transfers directly from the app.
Which is better a personal or business checking account?
Personal checking accounts are often free or come with a low fee that can be easily waived, while business checking accounts tend to come with higher monthly fees that might not be waivable. That being said, free online checking accounts for small businesses are becoming more common.