How you bank as a business owner affects all of your business finances — it’s imperative to avoid costly business overdraft fees, important to choose the right banking partner, and crucial to save as a business owner. Our Business Banking content will guide you on your path to a great banking relationship.
Overdraft protection is typically used as a cushion for checking accounts, but it can also be applied to 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.
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.
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.
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.
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?