Opening a business bank account can help you improve your cash flow by separating your business and personal finances. To open an account, you’ll need to follow a six-step process that includes choosing the right type of account, finding the best bank for you, understanding the costs, gathering the required documentation, submitting your application, and…
About the Author
Jordan Tarver
Jordan Tarver is a financial analyst, writer, and editor at Fit Small Business focusing on credit cards and bank accounts. Jordan brings over two years of experience in account management and price analysis in the mortgage industry to Fit Small Business. He is also an accomplished self-published author.
When he’s not writing, Jordan has a passion for photography, the outdoors, and documenting stories about his travels.
6 Best Online Business Checking Accounts for 2021
Editor’s note: This is a recurring post with regularly verified account details. If you’re a small business that doesn’t normally handle cash, it’s fairly easy to use online checking accounts for your banking needs. The best options offer low-cost checking along with bank features like in-network ATMs, ATM fee reimbursements, and seamless app integration. Simply…
10 Best Small Business Credit Cards December 2020
Editor’s note: This is a recurring post with regularly updated card details. Whether your business is new or has been around for a while, business credit cards can save you money. The best options let you pocket remarkable rewards, tap into 0% introductory annual percentage rates (APRs), and access perks that can help make business…
Capital One® Spark® Cash for Business Review
Capital One Spark Cash Credit Card allows small business owners to earn cash back for every purchase. First annual fee is waived, $95 thereafter.
The Alarming Increase in Credit Card Debt and Fraud
Credit card debt and card fraud are complex issues that continue to become more common. Whether we evaluate the past five years or even look at projections, we see an alarming increase in debt and fraud both in the United States and worldwide. Because this is a prevalent issue in society, preventive measures are encouraged…
3 Best Business Credit Card Balance Transfer Offers for 2021
Editor’s note: This is a recurring post with regularly updated card details. Balance transfers allow you to move a balance from one business credit card to another with little-to-no transfer costs. The best options come with interest-free financing for up to 15 billing cycles. These extensive 0% introductory annual percentage rate (APR) periods typically are…
8 Best Free Business Checking Accounts November 2020
Editor’s note: This is a recurring post with regularly updated account details. There are two types of free business checking accounts: those that don’t charge monthly account fees and others that do but make it relatively easy to avoid them by meeting minimum balance requirements. Both types typically also offer an allowance of free monthly…
7 Eye-opening Credit Card Fraud Statistics
People might think using a personal or business credit card is safe, but credit card fraud is a major global and national problem. Although some people skate by without ever dealing with fraud, these seven alarming credit card fraud statistics goes to show how prevalent it is in our world. 1. Credit Card Fraud Losses…
5 Best Business Savings Accounts of 2020
Editor’s note: This is a recurring post with regularly updated account details. Business savings accounts are one of the best tools available to help you meet your savings goals while safeguarding funds. The best bank boils down to two types of accounts: online or traditional. In most cases, you’ll get the largest return on your…
8 Best Small Business Checking Accounts December 2020
Editor’s note: This is a recurring post with regularly updated account details. Small business checking accounts provide a handy way to separate your business and personal finances. As a business owner, you can choose between online and traditional brick-and-mortar banks. Online accounts are designed for businesses that don’t need to visit a physical branch, and…
8 Best Free Business Checking Accounts December 2020
Editor’s note: This is a recurring post with regularly updated account details. There are two types of free business checking accounts: those that don’t charge monthly account fees and others that do but make them relatively easy to avoid by meeting minimum balance requirements. Both types typically also offer an allowance of free monthly transactions…
Average Credit Card Debt Statistics In the US
The average American holds four credit cards, which isn’t surprising because credit cards are a handy way to finance purchases big and small—from groceries to big-ticket gadgets. However, far too often, Americans can’t afford their balances, miss payments, or get hit with interest charges. This results in these eight surprising average credit card debt statistics…