Robi Mansueto

You run a small business, so you know how valuable your time is. The last thing you need is to waste it chasing down bank reps or paying fees for basic services. That’s when you start looking for a smarter way to bank — and this is where neobanks come in. No branches, no waiting,…

The best same-day business loans should be able to issue an approval and disburse funds within 24 hours of receiving a completed application. They should also have flexible qualifications and loan terms, along with a combination of excellent customer service, low documentation requirements, and a simple application process. There are many different types of business…

The best debt relief programs offer solutions like lower payments, debt consolidation, or negotiated settlements to help you regain control of your business and refocus on growth. The best debt relief agencies also provide customized solutions, whether you’re dealing with high credit card balances, tax issues, or personal-business debt overlap. Here are the seven best…

An ACH loan (also known as a cash flow loan) provides you with swift access to short-term financing. It offers fast approval and automated repayments via the Automated Clearing House network. While it presents convenience, frequent payments can strain cash flow. Some businesses use it to drive growth or handle unexpected expenses requiring immediate funding,…

Choosing the right self-employed retirement plans depends on your income, business structure, and savings goals. As a self-employed individual, you have several options, each with unique benefits, such as high contribution limits, tax advantages, or flexibility. Below, we break down the key features of different retirement options for self-employed individuals to help you determine which…

Working in a bank for many years, I witnessed frustrated small business owners on the receiving end of bounced checks, which led to delayed business transactions. To avoid this issue, I recommend getting a cashier’s check, especially for large business purchases or vendor payments. Cashier’s checks are bank-guaranteed, fraud-resistant, and reliable compared to personal and…

Editorial and Partnership Disclosure Credit card stacking involves applying for multiple credit cards in a specific order to access a larger unsecured line of credit. It can be done on your own or through a credit card stacking company. How Credit Card Stacking Works Credit card stacking works like an unsecured line of credit, where…

U.S. Bank offers an excellent range of business checking accounts designed to provide flexibility for businesses that transact online and in person. The Business Essentials Checking account is a solid choice for startups, freelancers, or new business owners, with unlimited digital transactions, no minimum balance, and no monthly service fees. Larger enterprises can opt for…

If your business is organized as a sole proprietorship or a single-member LLC, it’s technically possible to open a business bank account without an EIN, also known as a Federal Tax ID, but it’s not advisable. Even if your business structure doesn’t require an EIN to open a bank account, there are vital reasons to…

If you have a business checking account you aren’t using regularly or are dissatisfied with your current bank, it may be time to close your account. This will help you avoid dormant account fees. In this guide, I’ll outline the process of how to close a business checking account effectively. This will ensure minimal impact…

Airwallex provides businesses with global accounts designed to simplify overseas transactions. This financial technology (fintech) platform offers fast transfers, multicurrency accounts, and corporate cards. By using transparent and competitive foreign exchange rates, businesses can effectively lower currency conversion costs and utilize various payment methods. In addition to its global accounts, Airwallex offers valuable software integrations…

Overdraft protection is a business checking service that allows your bank to auto-transfer funds from a backup account, credit card, or a line of credit to pay for transactions if your main checking account’s balance is insufficient. It protects you from overdraft fees and non-sufficient funds (NSF) fees. In many cases, you can set it…