Opening A Business Bank Account

Online only accounts typically offer a customer service phone number or a live chat feature.

Opening a business bank account. It also provides benefits to your customers and employees. And even if you choose not to open a business checking account online but instead opt for a traditional brick and mortar bank remember. All business accounts owned by a corporation partnership or unincorporated association at the same bank are insured up to 250 000 per business separately from the personal accounts of the owners or members.

Open a business account when you re ready to start accepting or spending money as your business. One of the key items on your new business s startup checklist is opening a business bank account. Wherever you decide to open an account you ll likely use that bank or credit union for years to come.

Spend 2 500 or more in net new purchases each card billing cycle using a linked bank of america business credit or charge card. A business bank account helps you stay legally compliant and protected. A business bank account allows you to easily keep track of expenses manage employee pay convey finances to investors receive and deposit payment and plan your budget more accurately.

Not only is opening a business checking account online easy to do but it s smart. Opening a business bank account online could mean quicker approval times because you don t have to wait in line at a physical branch location. You need a business bank account in order to keep your business and personal finances separate.

To link your business card account to your business advantage checking account please visit your local financial center or call 888 business 888 287 4637. A sole proprietor s business and personal accounts at the same bank are all insured together up to 250 000.