The Top 5 Business Bank Accounts of 2023

Introduction: What is a Business Bank Account?

A business bank account is a bank account that is specifically for your business. This type of bank account has a lot of benefits and will help you to keep your personal and business finances separate.

Businesses need to have a business bank account in order to accept credit cards or debit cards from customers, pay employees, or make payments for equipment and other services.

In this article we will look at the advantages of having a business bank account and how it can help you with your financials.

Why is it Important to Have a Business Bank Account?

A business bank account is a bank account that businesses use to conduct transactions. It is a must-have for any company that wants to be taken seriously.

The benefits of having a business bank account are many. For example, with it, you can:

-make deposits and withdrawals

-pay bills

-set up direct debits and standing orders

-access your money when you need it most

Is It Easy to Open A Business Bank Account?

Starting a new business is a big step. One of the first things to do is to open a bank account. This article will show you how to open your first company bank account and what you need to know before you start.

There are many reasons why people want their own business: they want more control over their lives, they want to make more money, or they just like being in charge. Whatever the reason may be, it’s important that you have your finances in order before starting your business.

Are There Different Types of Business Bank Accounts?

There are a wide variety of company accounts available for businesses. They vary in terms of the type of business and the financial needs that it has.

The most common types of business accounts are:

● Sole proprietorship account

● Partnership account

● Limited liability company account

● Corporation account

● Non-profit organization account

Business Bank Account - Everything you need to know

We did the research and narrowed down to ten sites that will help you get the information you need and make a decision. Keep reading to learn about each one.

We combined over twenty different criteria to establish out rankings with the help of cutting-edge Artificial Intelligence and expert contributors. These criteria include user reviews, content relevance, website reputation score, user votes, and more (We make sure to update these rankings on a regular basis so that the information is always up to date).

We've included the most useful Business Bank Account videos in our review, as well as links to further resources for more information.

Business Bank Account
Business Bank Account

Interest in business bank account over time

According to our data there has been a growing interest in business bank account over the past few years. We estimate that there have been over 61,710 search engine searches in the United States in 2023 alone.

Top 10 Business Bank Account and Business Bank Account websites as ranked by people like you

The Community ranked the best Business Bank Account websites so that you can find what you need. Help improve the ranking by voting too.

Last updated: 2024-04-22

Rank

Provider

Description & Features

Site

1

202

11 Best Small Business Checking Accounts 2023
11 Best Small Business Checking Accounts 2023
Chase Bank offers one of the largest networks of all business checking accounts, giving you access to 16,000 ATMs and nearly 5,000 branches nationwide. Chase Total Business Checking requires no minimum deposit to open an account, and your fees could be as low as $0 if you have $500 in monthly deposits or a daily balance of at least $1,500.

2

187

Find a Free Business Checking Account - NerdWallet
Find a Free Business Checking Account - NerdWallet
You shouldn’t have to pay a fee just to have a small-business checking account. There are free business checking accounts in every state and Washington, D.C., and you have even more options online.

3

173

Business Checking Account l Chase for Business | Chase.com
Business Checking Account l Chase for Business | Chase.com
Chase has a business checking account for your business. Business checking includes mobile and online banking with access to 16,000 ATMs and nearly 5,000 branches.

4

160

Business Checking Accounts - Bank of America
Business Checking Accounts - Bank of America
For example, Bank of America Merchant Services processing activity from January would count toward your February monthly fee waiver evaluation. The waiver applies only when the owner of the Business Advantage account and the Bank of America Merchant Services account share the same Taxpayer Identification Number.

5

148

29 Best Free Business Checking Accounts in 2023
29 Best Free Business Checking Accounts in 2023
Unfortunately, most business checking accounts don’t accrue interest—but Axos Bank Business Interest Checking account (formerly Bank of Internet Business Interest Checking) is a rare exception. Sure, an interest bearing rate of 0.8% APR isn’t much, but it’s better than nothing!

6

137

Small Business Banking | Open a Business Bank Account
Small Business Banking | Open a Business Bank Account
Interest is calculated using the actual number of days in the monthly cycle divided by the actual number of days in the year. Capital One reserves the right to limit the number of promotional Business Advantage Savings accounts per business taxpayer identification number. Visit a Capital One Bank location or contact a banker for full details.

7

127

Business Checking | U.S. Bank
Business Checking | U.S. Bank
Find the right checking account for your business. Browse business checking packages, premium checking, and nonprofit checking options from U.S. Bank today.

8

118

Business Checking Accounts | Open a Business Bank Account ...
Business Checking Accounts | Open a Business Bank Account ...
BB&T offers a wide range of checking accounts for businesses, community organizations, public entities and nonprofit organizations so you can choose the best account for the way you do business.

9

109

Open a business bank account - sba.gov
Open a business bank account - sba.gov
Open a business account when you're ready to start accepting or spending money as your business. A business bank account helps you stay legally compliant and protected. It also provides benefits to your customers and employees.

10

101

Business Checking Accounts Overview | Wells Fargo Small ...
Business Checking Accounts Overview | Wells Fargo Small ...
10 or more posted business debit card purchases/payments. This includes posted debit card purchases or posted debit card payments of bills from this checking account. This does not include transactions at an ATM, OR. Linked to a Direct Pay service through Wells Fargo Business Online ® Banking, OR

Top 10 ranking changes over time

Business Bank Account videos considered

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Useful Business Bank Account Resources

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This comparison site is made up of our own opinions and views. The ranking is determined at our discretion and is not to be used for accuracy purposes. We can provide this service at no charges thanks to a combination of referral fees and advertising income we receive from various publishers and service providers. These payments may affect our rankings and the score we assign to websites, products, and vendors. Our ratings do not imply endorsement of any kind. This website's information, rankings, and vendor list is subject to change without notice at any time.

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