Robi Mansueto

You should have a business bank account for your company’s finances, regardless of your business size. With one, you can keep your personal and business assets separated, which protects both your company and your personal finances. Having a business bank account also allows you to build a relationship with your business bank, which will help…

At one time, small business owners or entrepreneurs have asked themselves, “Can I use a personal checking account for business?” Technically, you can—but you should not use a personal checking account for your company finances, regardless of your business’ size and organization type. While some small sole proprietors might consider using a personal bank account…

Interest-bearing accounts help your business make passive income off of financial reserves. Though they offer lower yields than investments, they are far more reliable and come with no risk of loss. If you have reserve funds in a bank, then these accounts can enable your money to grow and help you meet your savings goals….

Business money market accounts (MMAs) and high-yield savings accounts are two interest-bearing deposit accounts businesses can use to earn passive revenue on a company’s reserve funds. They are very similar, and the terms are often used interchangeably, even though there are slight differences between business money market vs high-yield savings accounts. Business MMAs often allow…

If you run a West Coast business and need a traditional banking provider with fee-free business checking products, Union Bank is a great option. Its basic checking account, Bank Freely Business Checking, charges no monthly fee and offers unlimited fee-free combined transactions. Applicants can open and maintain a Bank Freely Business Checking account with any…