The Top 5 Best Banks for Business Accounts in 2021
Starting a business is a daunting task, and managing finances can be overwhelming. Choosing the right bank for your business is crucial, as it can help you grow your business and manage your finances efficiently. In this article, we will explore the top 5 best banks for business accounts in 2021.
1. Chase Business Complete Banking
Chase Business Complete Banking is an excellent choice for small businesses that prioritize flexibility and convenience. This bank offers a wide range of services such as mobile banking, debit cards, and online bill pay. One great feature of Chase Business Complete Banking is that it doesn’t charge a monthly fee for the first two years, and after that, the fee is waived if you meet certain requirements.
2. Wells Fargo Business Choice Checking
Wells Fargo Business Choice Checking is ideal for businesses that need to manage significant transactions. It offers a high monthly cash deposit limit and free cash withdrawals. Wells Fargo Business Choice Checking also provides a wide range of other services, including overdraft protection, payroll services, and merchant services.
3. Capital One Spark Business Checking
Capital One Spark Business Checking is an excellent choice for businesses that require a high monthly transaction volume. It offers unlimited transactions, no minimum balance requirement and has no monthly fees. This bank also provides online and mobile banking, free cash deposits, and free check writing services.
4. Bank of America Business Advantage Checking
Bank of America Business Advantage Checking is suitable for small businesses that require vast online banking services. This bank offers cashback on purchases, overdraft protection, and free check writing services. One downside of Bank of America Business Advantage Checking is that it charges a monthly fee for services.
5. Axos Bank Basic Business Checking
Axos Bank Basic Business Checking is best for small businesses that require straightforward banking services. This bank has a low monthly fee and no account balance requirement. It also offers a low transaction fee and free ATM usage, making it easy for businesses to access cash.
In conclusion, selecting the right bank is a crucial factor in managing your business finances. Each bank offers unique benefits, and it’s essential to take the time to weigh your options and choose the one that best meets your company’s needs. With these five banks, you can take your business to new heights in 2021.
