Both Novo and Bluevine offer free, digital-only business checking accounts that are excellent for multiple types of small businesses. The biggest difference between the two is that Bluevine’s checking account is interest-bearing. This factor gives Bluevine a slight edge over Novo. However, if you aren’t interested in an interest-bearing checking account, or your company withdraws…
Mercury is an excellent choice if you run a tech company or startup and are looking for an online business checking account. Outside of fees charged for currency exchanges, Mercury’s checking and savings accounts are completely free with no minimum deposit or balance requirements. Most businesses incorporated in the United States are eligible for a…
If your business is looking for a provider with a completely online checking account with no fees, a Novo business checking account is an excellent choice. Novo has partnered with Middlesex Federal Savings to provide online-only business banking with no maintenance fees, free unlimited transactions, and refunded ATM fees. While you cannot physically deposit cash…
The best banks for real estate investors should offer a selection of deposit account and financing options, which include checking and savings accounts, short-term mortgages, and portfolio loans for multiple properties. Based on our evaluation, we highly recommend these six real estate investor-friendly banks: : Best overall for real estate loans and full-service banking :…
When searching for the best bank for your nonprofit organization, there are countless options from which to choose. To help you decide which bank will best fit your business needs, we selected banks that offer products geared specifically toward nonprofit organizations, have limited or no fees, and demonstrate a high level of commitment to the…
Like many online-only banks, First Internet Bank’s business checking account offers no transaction limits and lacks a required minimum balance to avoid fees. What sets it apart from other providers, however, is that it offers the rare combination of full-service banking and online convenience. It’s also one of the few online banks that offer accounts…
Both business money market and high-yield savings accounts provide the ability to save excess funds while earning interest. The key difference between a money market and high-yield business savings account is that money market accounts allow you to write checks, something that high-yield savings accounts don’t provide. We explain how both types of accounts work….
Setting up a bank account as a sole proprietorship can be accomplished in four easy steps. Find a bank that fits your needs as a sole proprietor, register your business name, gather a few other necessary documents, and then you can open up your account. We break those four steps down in more detail to…
