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What We Think of PNC Business Banking & Mobile App
PNC Bank might not be one of the most popular national banks, but it’s the 8th largest bank in the country in terms of its total assets. PNC operates in a total of 19 states, mostly in the east coast and Midwest. It also operates in the District of Columbia. Business Checking Account Options There […]
Review: Azlo Banking for Business
Finding the right bank for your entrepreneurial dream can be a challenge. It’s easy to feel overwhelmed with all of the fine print. Azlo seeks to make banking easier for you with a high-ranking mobile app and unique, fee-free digital banking services that can make a big difference for your small business. Azlo Business Banking […]
Capital One Small Business Banking Review
When it comes to financial solutions for your small business, finding the right banking partner can be a challenge. As a key player in the mobile and online banking industry, Capital One is a partner worth consideration. We’ve dug a bit deeper and actually used a Capital One bank account. Here’s what we found out: […]
Review of Key Bank Business Bank Accounts & Mobile App
Key Bank is an award-winning bank with a history that spans nearly two centuries, and if you’re looking for a reputable bank for your small business, Key Bank might be a good option. It’s one of the country’s largest bank-based financial service companies, and it’s still growing. Headquartered in Cleveland, Ohio, Key Bank is a […]
Review: Axos Bank Business Banking & Mobile App
Business owners in the digital age know the importance of online and mobile banking services that work for your organization. As the oldest digitally-based bank in the U.S., Axos Bank offers several online and mobile banking solutions to consider for the banking needs of your small business. Business Banking Accounts It’s important to make sure […]
M&T Bank Review for Small Business
M&T Bank Small Business Banking With the broad range of banking services in the market today, it’s hard to find a one-size-fits-all option for small business. M&T Bank claims to offer a unique banking experience customized to the needs of your small business, but what would that really mean for you? Here’s a rundown of […]
What Types of Bank Accounts Should a Business Have?
A crucial part of your company’s success is having the right types of bank accounts in place. Maintaining separate business bank accounts can help you stay financially organized and bolster your firm’s cash-flow management. The caveat, of course, is that having too many accounts may become overwhelming and challenging to track. So which bank accounts […]
Is Online Business Banking Secure?
Our business and personal lives seem to be getting progressively more digital. Many companies rely on the internet to restock inventory, pay suppliers, and perform most of our banking activities. The coronavirus crisis boosted this trend, forcing branch closures and limiting face-to-face banking options. Yet, this appears to be more than a temporary blip. According […]
Do You Need Good Credit to Open a Business Bank Account?
The first thing on a new business owner’s to-do list should be opening a business bank account. An account in your company’s name provides a separation between personal and business finances. It also establishes legitimacy in the eyes of potential customers and creditors. Most people expect lenders to scrutinize their credit history during the loan […]
Can I Link My Business Account to My Personal Account?
To keep your business banking activity separate from your non-business transactions, it is a good idea to set up a bank account in your company’s name. Whether your business and personal accounts are at the same bank or different institutions, you’ll likely be able to link them. This makes it easier to move money where […]
5 Essential Small Business Banking Tips
Financial management is an entrepreneur’s top priority — especially when running a small, relatively new company. Unfortunately, most small businesses fail within 10 years of opening their doors. The reason 82% of business owners gave for closing down? Cash flow management problems. What can you do to optimize cash flow and keep better track of […]
What is the Difference Between Business and Personal Checking Accounts?
Your business checking account is your cash flow hub — the place where revenue is deposited and expenses are paid. Though you could likely get by using your personal checking account to operate your firm, business accounts are often equipped with unique features that aren’t available with personal accounts. On the flip side, business accounts […]
Santander Bank Review 2021: Business Banking, Mobile App, & More
No matter where you do business, your banking institution needs to work for you. As one of the largest banks in the world, Santander Bank offers many services for international business transactions that can make them a major contender in the banking industry, especially if your business does any international transactions. Santander Bank Business […]
What Is Required to Open a Business Checking Account?
The specifics of what you’ll need to open a business checking account will vary based on your company’s legal entity type. In other words, bankers will ask for significantly different documentation from a corporation than they will from someone running a small business as a sole proprietor. When filling out your application, you will likely […]
How Can I Avoid Business Overdraft Fees?
A business overdraft fee is a charge that your company incurs if you attempt to spend more than what is available in your business checking account. The costs vary from $10 to over $30 per transaction. Bank overdraft fees are more prevalent than people realize, so even the most conscientious business owners may encounter these […]
TD Bank Checking Accounts & Loans: Small Businesses 101
Although it isn’t as well known as some of its large chain competitors, TD Bank is the ninth largest bank in the country. It’s a subsidiary of the Toronto-Dominion Bank, which was established in Canada, and now operates in fifteen different states and also in Washington, D.C. Even though it doesn’t have nation-wide branches, it […]
The 14 Best Banks with Mobile Apps for Your Business
With a wide range of variety in the banking needs of small businesses, it can be difficult to find a one-size-fits-all financial solution. As a small business owner, you want to be able to make the best choice in finding a banking partner to help your company grow. We’ve compiled the account features and downsides […]
What’s Bank of America Small Business Banking Like?
There are several different lists that proclaim which banks are best for small business banking, and as one might imagine, they are not identical. Because there are many factors to consider when selecting a bank for your business, there’s not a one size fits all solution. There is one commonality between almost of all the […]
Live Oak Bank: Everything You Need To Know for Small Business
As far as banks go, Live Oak Bank is incredibly young. In relatable human equivalency, it’s not even a teenager yet. The FDIC-insured bank was only just founded in 2008, so it’s been around a little longer than a decade. It has less than 475 full-time employees and is currently ranked as the nation’s 289th […]
Wells Fargo Small Business Banking – Pros & Cons
Starting a new business? Ready to switch out your banking institution? As one of the nation’s largest small business lenders and a highly rated mobile banking app, Wells Fargo should be on your radar. Here’s the low-down on how their service can affect you. Business Banking Accounts Wells Fargo offers checking and savings […]
How to Calculate the Interest Rate for Your Business Savings Account
A business savings account can be a useful tool for small-business finances. Business savings accounts can help your business keep extra cash on hand to deal with emergencies, help you smooth out your cash flow and save up for larger planned expenses.
Do You Need an EIN to Get a Business Bank Account?
One particular question that many new business owners encounter is the role that a federal Employer Identification Number (EIN) plays in your business checking account. Is this really a necessary step to create a business bank account, and if so, how do you get an EIN?
The Best European Business Bank Accounts for Digital Nomads
If you are looking to make a European escape (at least for a while), here are some options to consider as you search for the best bank account for digital nomads like yourself.
The Most Useful Features of Business Banking Apps
Does your bank’s app have features that make your banking processes more efficient? Take a look at our list of the most useful features business banking apps should have today to find out.
Should You Take Out a Line of Credit to Cover Business Overdraft Fees?
No business owner wants to be in the red or pay avoidable fees — but when it happens, it’s important to have a plan. Setting up a line of credit to cover your businesses overdraft fees is one option.
PayPal Business Debit Card + Overdraft
The PayPal Business Debit MasterCard can be a convenient way for businesses that use PayPal to access the funds in their PayPal account. It’s important to know exactly how this card works — including overdraft features — to determine if it’s a good choice for your business and to use it correctly.
Review: Capital One Business Banking for Small Businesses
When looking for the right small business bank for your business needs, there are many factors to consider. Here’s a review of Capital One’s small business banking services.
Does Your Business Need a Savings Account Too?
Although not nearly as ubiquitous as business checking, business savings accounts are becoming more and more popular among forward-thinking entrepreneurs.
We Gathered a List of Small Business Banks with Overdraft Protection
Overdraft protection is typically used as a cushion for checking accounts, but it can also be applied to savings accounts.
Are Overdraft Fees Deductible for a Business?
When it comes to filing your taxes, no business expense is too insignificant to consider. Even the smallest fees — such as overdraft fees — are important to reducing your overall tax burden…but they’re often overlooked.
Is Capital One Small Business Banking a Good Option? We’ve Got Your Answers
Small businesses have a lot of choices when it comes to banking. Here are some of the benefits and drawbacks of choosing to do your business banking with Capital One.
Our Review of Azlo: A New Online Business Banking Service for Freelancers & Small Businesses
Azlo is a new U.S.-based online business banking service that targets freelancers, entrepreneurs, and small business owners in need of alternative banking solutions. But, is it right for you? Find out.
We’ve Gathered the Best Banks for Small Business Savings Accounts
Savings accounts aren’t just for individuals — they are important for small businesses as well. Having savings on hand can help your business weather seasonal income fluctuations and unexpected expenses or prepare for large expenses that you know are coming.
Guide to Finding the Exact Business Checking Account for Your Needs
Business checking accounts tend to come with more limits and fees than personal checking accounts, so getting the right account for your needs is important.
What Happens if Your Business Bank Account Has “Insufficient Funds?”
Many people don’t want to endure the embarrassment of a declined transaction due to insufficient funds in their bank account. Banks realized this, and they’ve developed a fee structure to help customers and businesses avoid that situation.
What is Overdraft Protection? Understand Why Your Business Needs it
Overdraft protection is a line of credit that banks offer to businesses to cover overdrafts. Overdraft protection kicks in when the business writes a check or completes a transaction for more than the amount in their account.
The Best Banks With a Low-Cost Overdraft Fee
The decision to bank with a given institution could invariably lead to banking issues, and those could muck up the course of your business. So let’s take the topic of overdraft fees head-on, starting with a better glimpse at exactly what they are and how they affect you.
Understanding Overdraft Fees for the Top 18 Small Business Banks
You should consider much more than which bank is close by or which one you’re currently using to manage personal accounts. Though there are many reasons to a select a business bank, one of the most important is understanding the bank’s overdraft fee policy.
Top 5 Best Banks for Small Business
A bit of research into the best banks for small business could wind up saving you significant money — for instance, nearly half of small business owners reportedly pay unnecessary monthly fees. So consider these options as you determine which bank best suits your small business.