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.
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.
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.
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.
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.
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?