Robi Mansueto

If you need access to affordable, digital-only business checking, Novo and Bluevine are both excellent platforms. Depending on your needs, Novo is a good pick if you are looking for useful tech tools, while Bluevine is an excellent option if you prioritize high interest-earning opportunities. Here is a summary of what each is best for:…

Novo and Lili are two of the best business banking providers for small businesses and freelancers. Both are fee-free and integrate with popular business software like QuickBooks, PayPal, and Shopify. Here is a summary of what each provider is best for: is best for rapid access to funds and faster payments. Novo Boost allows users…

If you want to open a business bank account online, Grasshopper’s Innovator Business Checking account and Lili’s Core account are excellent cost-effective options with no monthly fees and transaction limits. Both offer integrated expense tracking and bookkeeping tools, which suit freelancers, solopreneurs, and small business owners looking to simplify business processes. Here is what each…

A business bank statement is a document that shows the transactions you made within a specific period. Typically, it covers one month and contains information about your business checking or savings account. Transaction details are listed in the statement, displaying your deposits and withdrawals, including purchases made using the business account’s debit card. Parts of…

Small business owners may contemplate switching banks to benefit from bonus rewards, higher interest rates, and lower fees offered by new providers. However, you should carefully evaluate whether switching business banks is a good idea. Although new providers offer many benefits, these may be overshadowed by the disadvantages of changing business banks, such as limited…

QuickBooks Checking (formerly QuickBooks Cash) is a free business bank account without monthly fees, minimum balances, and a required opening deposit. You get a debit card, Federal Deposit Insurance Corp. (FDIC) insurance up to $5 million, and an annual percentage yield (APY) of 5.0% on your balances when you set aside extra funds through its…

If you need a fee-free online banking solution that can help you keep track of transactions, organize business expenses, and distribute financial responsibilities, Relay Financial is an excellent choice. Its basic checking account lets you open up to 20 subaccounts, create up to 50 debit cards, and assign money management permissions to team members and…

With one of the highest interest yields in the market, Live Oak Bank’s business savings account is an excellent choice for your business. The internet-only bank earns an annual percentage yield (APY) of 2.85% with a 1-cent minimum balance to earn interest, no monthly maintenance fees, and no earning cap. The following business entity types…

The digital banking platform Found is an excellent business checking option for freelancers, self-employed individuals, and sole proprietors looking for affordable digital banking solutions. Aside from having no required monthly fees, Found offers useful features, such as free built-in bookkeeping tools, invoicing software, and tax tools, that can help any business owner save time and…

Grasshopper Bank is highly recommended for businesses that want an online, fee-free, interest-earning business checking account. It lets you earn up to 1.35% annual percentage yield (APY) uncapped on balances ranging from $25,000 to $250,000. It comes with a free Visa debit card and offers unlimited 1% cash back for qualified purchases if you meet…

Banks charge business banking fees for business accounts as a source of revenue and payment for their costs of operation. Some fees are paid monthly, while others are paid on a one-time basis. If you are a small business owner seeking to trim down your expenses, learning about the different types of business bank account…

If you’re looking to maximize fee savings through unlimited domestic ATM fee refunds and fee-free cash deposits, Axos Bank is a good choice. This digital bank offers two regular business checking accounts and extended Federal Deposit Insurance Corp. (FDIC) coverage of up to $200 million. Basic Business Checking has no monthly maintenance fees, required maintaining…