smallbusinessbank.com has low, flat fee checking of 1.99/month and no minimum for checking. why is it not listed???
Effective cash management is critical to small business success. But it can be difficult to find an adequate business bank account these days, as a confluence of unique market dynamics have resulted in business-branded accounts falling to the bottom of the banking totem pole. Personal accounts, particularly online checking accounts, are now preferable for many small business owners as a result.
Business bank accounts still have their virtues, though. Like business credit cards, business checking and savings accounts tend to offer certain features geared specifically to the needs of corporations. Having a business checking account, whether or not you supplement it with a personal account, also simplifies tax preparation and affords you certain legal protections.
In order to help you find the best accounts for your needs, WalletHub compared more than 430 business bank accounts and 1,000 personal accounts, identifying not only the best overall offers for businesses, but also those with the highest interest rates, the best rewards and the lowest fees. You can find our selections below.
This content is not provided or commissioned by any financial institution. Opinions expressed here are the author’s alone, not those of a financial institution, and have not been reviewed, approved or otherwise endorsed by a financial institution.