smallbusinessbank.com has low, flat fee checking of 1.99/month and no minimum for checking. why is it not listed???
Cash management is critical to small business success. But it can be tough to find a decent business bank account these days. In fact, business-branded accounts have fallen to the bottom of the banking totem pole in many respects. And personal accounts, especially the online-only variety, 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 usually provide helpful features geared to the needs of companies. Having a business checking account also simplifies tax preparation and affords you certain legal protections, even if you have a personal account, too.
To help you find the best accounts for your needs, WalletHub compared more than 430 business bank accounts and 1,000 personal accounts. We identified the best overall offers for businesses as well as 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.
For your convenience, here’s a quick recap of WalletHub’s best business bank accounts of 2017:
2017’s Best Business Bank Accounts – Editors’ Picks
|Best Overall||BofI Federal Bank Business Interest Checking||4.8|
|Highest APY||Bank of Internet USA Rewards Checking Account||4.7|
|Best Rewards||First Bank Business Essentials Checking||3.6|
|Lowest Fees||BBVA Compass ClearConnect Business Checking||4|
|Best for Cash Biz||Capital One Spark Business Basic Checking||4.5|
You can see how these accounts compare to the rest of the market by checking out WalletHub’s latest Banking Landscape Report. And if you’re not sure a business bank account is for you, you may want to consider getting one of 2017’s best checking or savings accounts for consumers.