Introduction
Starting a small business can be a daunting task, and one of the most important decisions entrepreneurs make is choosing the right bank account. With so many options available, it can be challenging to find the right one that meets your business needs. In this article, we will discuss the top five best small business bank accounts for new entrepreneurs.
1. Chase Business Complete BankingSM
Chase Business Complete BankingSM is a great option for new entrepreneurs who want a simple and straightforward banking experience. This account offers unlimited electronic deposits and withdrawals, as well as 100 fee-free transactions per month. Additionally, you can take advantage of Chase’s mobile app and website to manage your account, pay bills, and deposit checks.
2. Bank of America Business Fundamentals® Checking
Bank of America Business Fundamentals® Checking is another great option for small business owners. It offers low monthly maintenance fees, as well as 200 fee-free transactions per month. This account also provides online and mobile banking features, including mobile check deposit, bill pay, and account alerts.
3. Capital One Spark Business Checking
Capital One Spark Business Checking is a popular choice for entrepreneurs who want a checking account that offers great rewards and benefits. This account comes with unlimited transactions and reimburses all ATM fees worldwide. Moreover, you can earn cash back rewards for using your debit card and paying utility bills.
4. Azlo Business Checking
Azlo Business Checking is an online-only bank account designed specifically for small business owners. This account offers a no-fee structure, meaning there are no monthly maintenance fees, overdraft fees, or NSF fees. Azlo also provides mobile and online banking features, including mobile check deposit and invoicing.
5. Novo Business Checking
Novo Business Checking is another online-only bank account that caters to small businesses. This account offers no monthly maintenance fees, as well as unlimited transactions. Novo also provides unique features, such as debit card rewards and integration with popular business tools like Stripe and QuickBooks.
Conclusion
Choosing the right bank account is a crucial step for new business owners. It is important to consider the account’s features, fees, and benefits to find the option that best suits your business needs. The five aforementioned accounts are some of the best small business bank accounts available today, and they offer a range of features and benefits to help you manage your finances more efficiently. Ultimately, finding the right account can save you time, money, and hassle, and set your business up for success.
