Top 5 Best Business Bank Accounts for Small Businesses
As a small business owner, staying on top of finances is imperative to the success and growth of your business. One important area of focus is choosing the right business bank account to suit your needs. A business bank account not only provides a separation between personal and business finances, it also offers a number of additional benefits, such as access to loans and credit, transaction tracking, and more. In this article, we will look at the top 5 best business bank accounts for small businesses.
1. Chase Business Complete Banking
One of the most popular options for small businesses is Chase Business Complete Banking. The account offers free online bill payment, mobile banking, and debit card options for business expenses. There are no minimum deposit or balance requirements, which is great for emerging businesses. Chase also offers competitive cash bonuses, making this account a great option for small business owners.
2. BlueVine Business Checking
Another great bank account for small business owners is the BlueVine Business Checking account. This account offers no monthly maintenance fees, no transaction fees, and no ATM fees. It also provides access to free online banking, mobile banking, and checks. One of the most significant benefits of this account is its high-interest rate, making it an excellent option for businesses looking to maximize their return on investment.
3. Axos Bank Basic Business Checking
Axos Bank Basic Business Checking offers free online banking, free bill pay, and a mobile app to manage your account on-the-go. The account also offers unlimited domestic ATM fee reimbursements, making it convenient for businesses on the move. There are no monthly maintenance fees, minimum deposit requirements, or minimum balance requirements, making it a great option for small businesses or startups.
4. Capital One Spark Business Basic Checking
Capital One Spark Business Basic Checking is a great account option for small businesses looking for a simple and straightforward banking experience. There are no monthly fees, ATM fees, or minimum balance requirements, making it hassle-free for new business owners. The account comes with basic features such as free online banking, mobile banking, and debit card access.
5. Novo Business Checking
Another great business bank account option is Novo Business Checking. This account offers no monthly fees and no foreign transaction fees, making it ideal for businesses working with international clients. The account also has a sleek and user-friendly mobile app to make banking easy and convenient. Novo also offers free mailed or email invoicing, as well as free ACH transfers, making it a great option for freelancers and small businesses alike.
In conclusion, choosing the right business bank account is an essential part of running a successful small business. Consider your business needs, such as low fees, high-interest rates, convenient ATMs, and mobile banking options when selecting a bank account. The top 5 options on our list offer a range of features and benefits to suit any small business owner’s needs, making them an excellent starting point for any discussions with potential bank partners.
