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…
Opening a business bank account often takes just a few minutes, but it’s important to be prepared and know what kind of account you should get, the possible fees that may apply with that account, where you should get it, and what documents you’ll need to apply. Step 1: Gather Required Documents Before you decide…
Many checking accounts from online-only banks and financial technology (fintech) providers charge transaction fees and lack a required minimum balance to avoid them. However, Bluevine’s checking account stands out in a competitive, crowded marketplace by charging no transaction or monthly fees and offering qualified accounts a high interest rate of 1.50% annual percentage yield (APY)…
As a self-employed business owner, it’s important to find a bank account that lets you avoid as many fees as possible. It’s also beneficial to have access to the services you need, such as software integration, the ability to deposit cash, and the potential to earn interest on your business account balances. With these criteria…
To find the best free business checking account, small business owners need to consider important details, such as transaction limits, interest rates, fees, and balance requirements. We have compiled a list of the eight best online-only and traditional banks offering business checking accounts that are either entirely fee-free or that require a minimal number of…
Thanks to advances in technology, the need for a traditional brick-and-mortar bank isn’t the same as it was just a few years ago. If your business doesn’t need a traditional bank and desires to utilize banking through a mobile app or website, we have selected the six best online business banks: : Best overall online-only…
When choosing a bank for your small business, consider your current average transaction volume, plans for growth, and whether you need a full-service bank with a large branch network or an online bank or financial technology platform where your transactions can be handled electronically. We’ve researched several banks and have selected eight great choices to…
