Best Business Bank Accounts – Where to Find the Best Deals
By Justin Cooke
Commercial businesses need options for securing their money with readily available access. This can often be done with a business checking account, which may simplify such processes as account reconciliation, expenses tracking and cash flow management. Many banks across the nation offer business accounts complete with personalized checks and a debit card. However, some financial institutions provide more bang for the buck, with free offers and tiered interest rates that accommodate small and large corporations alike. Provided here, therefore, is a list of the four best business bank accounts.
Bank of America provides businesses with a choice of two different business accounts. The first is called the “Business Advantage Checking Account” and caters to owners of small- or medium-sized businesses. The second, “Business Checking Account,” is a basic account more ideal for businesses with only one or two team members. The Advantage account requires deposits of at least $10,000 per month to avoid service fees, but it offers more perks than the basic option. Both can be considered among the best business bank accounts available.
Chase Bank routinely offers deals whereby customers can receive $100 with a new business checking account. In addition to a Chase Premier Checking Account that waives all monthly services fees, the bank also offers merchant and payroll services. Lines of credit, certificates of deposit and credit cards designed just for businesses are also available from Chase. In this instance, one of the best business bank accounts may provide money-saving perks as well. Read more