A business checking account aids in keeping your personal finances and your work at two different angles. Whether you have a small business or thinking to have one then you will automatically need this kind of account. This will help to ensure that both you and your business are not at risk. If you have an already established small business, there are some of the things that should concern you which are unlike a personal checking account.
To start with ensure that your business finances are totally different from the personal finances. If this is not taken keen on then a risk may arise including liability for debts of your business. This can also raise eyebrows the moment you go to file your taxes.
The following are some of the best business checking account which you can pick from. In this article too, you will get the benefits of the different accounts after which you will require to weigh their options when in need of one.
Capital one spark business checking account
This is one of the best business checking account because of the following strong strengths.
- For one this kind of account does not have a monthly maintenance charges which most other accounts have. This will allow you to maximize the services in the account throughout the month without necessary incurring unnecessary expenses due to the transactions carried out in your account.
- It is noted with a great concern that most of the business checking account has transaction limits. This can affect your business a great deal especially when you are doing a lot business. With this account therefore no limits are set thereby making it the best option for you and your business.
- The other worry is about the minimum balance to be left in the account. The good thing with the capital one spark business checking account is that there is no minimum balance that will be required when withdrawing your cash.
As a matter of fact, this kind of account can save a lot of your time because when it comes to depositing a check it can all be done through a spark business app in your smartphone. The other thing about the withdrawals is quite easy because you are given a debit card which you can use for the purposes of withdrawals and purchases.
BBVA compass clear connect for business
This is another best business checking account can be most helpful especially if your business involves a lot of cash exchange. For one, you have an opportunity of processing up to 5 processed checks or 5 withdrawals without being charged. The other good thing is that all the transactions are limited and free. When it comes to the monthly maintenance fee it does not attract any as well as no minimum balance is required. It is important however to note that you are always limited to 2 in branch deposits in a month before which a charge will attract.