Introduction
When starting a small business, choosing the right banking account is crucial. With so many options available, it can be difficult to determine which one is best suited for your particular needs. This article will delve into the top 5 best business banking accounts for small businesses in 2021, based on their features, benefits, and overall reputation.
Chase Business Complete Banking℠
Chase Business Complete Banking℠ offers a range of services that cater to small businesses, including no monthly fees for up to 100 transactions and $5,000 in cash deposits each month. Furthermore, the account gives access to a vast network of Chase ATMs, allowing you to make no-fee withdrawals and deposits in over 16,000 locations across the country. You can also take advantage of the Chase Mobile® app, which enables you to manage your account on the go.
BlueVine Business Checking
BlueVine Business Checking is an online-only business account that is ideal for small businesses on the move. This account offers unlimited transactions, no monthly fees, and no minimum balance requirements. With a BlueVine Business Checking account, you can deposit checks using the mobile app, pay vendors and suppliers, and withdraw cash fee-free from over 38,000 MoneyPass® ATMs nationwide. The account also integrates with popular accounting and payment platforms, such as PayPal, QuickBooks, and Stripe.
Novo
Novo is a digital bank account that targets small businesses, freelancers, and entrepreneurs. With no monthly fees and no minimum balance requirements, Novo is an affordable option for those just starting. The account also offers mobile check deposit, a Mastercard business debit card, and unlimited free transactions. Novo also integrates with popular business tools such as Xero, Slack, and Zapier, making it easy for you to manage your finances from one convenient location.
Capital One Spark Business Checking
Capital One Spark Business Checking is a top choice for small businesses that value convenience and flexibility. This account offers unlimited transactions, no monthly fees, and no minimum balance requirements. Capital One also provides free online bill pay and access to over 39,000 Capital One and Allpoint ATMs nationwide. Additionally, the account earns interest on balances over $10,000, providing an advantage for businesses with larger deposits.
Wells Fargo Business Choice Checking
Wells Fargo Business Choice Checking is another great option for small businesses. The account offers 200 free transactions per month, no restrictions on cash deposits, and access to over 13,000 Wells Fargo ATMs across the country. The account also comes with a free online bill pay service and mobile banking. Wells Fargo Business Choice Checking is a great choice for small businesses that value a personal touch, as they offer in-person appointments and have over 5,000 branch locations.
Conclusion
Choosing the right business banking account for your small business is a critical decision that requires careful consideration. Chase Business Complete Banking℠, BlueVine Business Checking, Novo, Capital One Spark Business Checking, and Wells Fargo Business Choice Checking are all excellent options that offer unique features and benefits. By evaluating your business needs and comparing each option, you can find the banking account that is best suited for your small business.
