Business Checking Account Online
|The 5 Best Ways To Open A Business Checking Account Online|
Benefits of a Business Bank Account
- It will make accounting much easier and provide you with more insight into whether or not your business is profitable.
- It will assist you in better managing your company's cash flow.
- It will make it simpler to account for business expenses during tax season.
- It will make the transition to an LLC or corporation much easier in the future if you decide to formalize your business entity.
Can I Open up a Business Bank Account Online?
Top 5 Online Business Checking Account Opening Options Advertiser & Editorial Disclosure
BlueVine: The best option for earning 1% interest; is a no-fee account
BlueVine's Business Checking account may be a good option if you want to earn interest on your business checking account. Furthermore, this is a free checking account, which is uncommon in the industry.
- There are no minimum deposit or balance requirements.
- There are no monthly service fees.
- There are no ATM fees at any of the 38,000+ MoneyPass® locations across the country (out-of-network ATM fees may apply even if you do not complete the transaction).
- There are no fees for insufficient funds.
- Two complimentary checkbooks.
- Simple mobile app.
BlueVine's Business Checking Account earns 1 percent interest, which is 10X the national average for similar accounts (.1 percent is the national average), putting them at the top of our list of interest-earning business checking accounts with no fees.
2. OZK is the best bank for overdraft protection
- In addition to Bounce Proof Security, you can choose Safety Link, which transfers funds automatically from a linked checking or savings account for a $10 fee per transfer. Here are some extra features.
- Remote deposit-taking
- Online banking (some accounts incur a monthly fee of $5)
- Online bill payment (fees may apply on some account types)
- Business debit cards are issued instantly.
- Banking on the go (for mobile banking, carrier rates will apply)
- Payment processing for merchants
- Examine image statements
3. Bank of America Provides the Best Long-Term Banking Services
- Employee business credit cards should be obtained.
- Online banking and a mobile application
- Allow multiple users to have customized access, as well as seamless QuickBooks® integration with Account Management.
- Remote Deposit Online allows you to deposit an unlimited number of checks.
- Other services, such as merchant services, are available.
4. Axos: Best Free Business Checking Account
- There are no monthly maintenance fees.
- There is no requirement for a minimum account balance.
- Your first 50 checks are complimentary.
- Reimbursement of domestic ATM fees is unlimited.
- The minimum opening deposit is $1,000.
5. Chase: Ideal if you need to visit a branch on a regular basis
Chase Bank is yet another brick-and-mortar bank with branches all over the country for those times when you do need to visit the inside of a bank, as there are nearly 4,900 branches and 16,000 ATMs nationwide. For those times when you need to sit down and talk to a banker in person, Chase has business specialists at your local branch. When you open a Chase Total Business Checking® account and perform qualifying activities, you'll receive $300 as a new Chase business checking customer.
- 250 transactions per month are free of charge, as are unlimited electronic deposits and incoming wire transfers.
- a monthly cash deposit of $20,000 with no additional fees
- Per statement cycle, all incoming wires and two outgoing domestic wires are free of charge.
- Possibilities for signers and employees to use ATMs and make purchases
- Positive Pay and Reverse Positive Pay Protection services are free of charge.
- There is an interest option available; contact your banker for more information.
- Personal account advantages are available.
- The monthly service fee on a linked Chase Business Premier Savings account is waived.
- 16,000 ATMs and nearly 4,900 branches are available.
- Customer service is available 24 hours a day, seven days
With a convenient online checking account and other banking services, as well as the option to visit Chase Bank branches across the country, Chase allows you to have your digital cake and eat it too.
Where Can I Open an Online Business Checking Account?
Look for a bank's business services if you're on its website. If it provides business checking accounts, there will be a page with information about the various account options, included services, and fees. There will also be a button encouraging you to apply right away.
If there are any requirements for opening the account, read them before proceeding, or use the list in the following section.
What Do You Need to Open an Online Checking Account?
To open a business checking account with most online or brick-and-mortar banks, you'll need the following documents:
- Your Social Security Number (SSN) or Employer Identification Number (EIN) (EIN)
- Personal identification in the form of a current driver's license or passport
- Your business license, with the name of the business and the name(s) of the owner(s).
- If you are a sole proprietor, you must obtain a certificate of assumed name (DBA).
- A partnership agreement that includes the name of the company and its partners (if there are multiple owners)
- If you run a corporation or LLC, a copy of your organization's documents that have been filed with the state.