Small businesses need a checking account that caters specifically to their unique needs. With so many options available, it can be hard to know where to start. To help narrow down the choices, we have selected the five best small business checking accounts for 2021.
1. Chase Business Complete Checking: This account has a low minimum balance requirement, no monthly service fee, and unlimited electronic deposits and transactions. It’s an excellent choice for new and small businesses looking for a simple, no-frills account.
2. Bank of America Business Advantage Checking: With this account, you can earn rewards and cashback for transactions, as well as unlimited electronic deposits and transactions. While there is a monthly maintenance fee, it is waived if certain account requirements are met.
3. Novo Business Checking: Novo offers an online-only checking account with no monthly maintenance fee, no minimum balance requirement, and unlimited ATM fee reimbursements. It also has integrations with popular business tools like Stripe and QuickBooks.
4. Azlo Business Checking: Azlo is another online-only checking account that’s great for freelancers and independent contractors. It has no monthly maintenance fee, no minimum balance requirement, and unlimited transactions. The app also offers mobile check deposit.
5. Wells Fargo Business Choice Checking: This account is great for businesses that handle a lot of cash. It includes 200 free transactions per month, up to $7,500 cash deposits per month, and a low monthly maintenance fee that can be waived with a minimum daily balance.
In conclusion, finding the right checking account for your small business can be a daunting task, but there are options available that can cater to your specific needs. Do your research, compare fees and features, and choose the account that best fits your business model. Remember, the right checking account can help you save time and money, while also helping you stay organized and efficient.
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