Top 5 Best Business Bank Accounts for Small Businesses in 2021
Small businesses form the backbone of any economy. However, running a small business can be very challenging, especially when it comes to managing finances. Finding the right bank account that caters to small businesses’ unique needs is crucial. In this article, we will discuss the top 5 best business bank accounts for small businesses in 2021.
1. Chase Business Complete Checking
Chase is a well-known and reputable bank, and its Business Complete Checking account is perfect for small businesses. This account offers a $300 bonus for new customers, and no monthly fee is charged as long as you maintain a $2,000 balance. Additionally, you get access to 16,000 ATMs and over 4,700 branches in the US.
2. BlueVine Business Checking
BlueVine Business Checking is an excellent option for business owners who prefer online banking. This account offers a generous 1% interest rate, no monthly fees, and doesn’t require a minimum balance. Moreover, you get access to unlimited transactions, and you can deposit checks with the mobile app.
3. Novo Business Checking
Novo is a newer and innovative online bank that caters to small businesses. This account has no monthly fees, no minimum balance requirements, and offers unlimited transactions. Additionally, Novo integrates with other accounting software tools such as Xero and Slack to make managing your finances easier.
4. Axos Bank Basic Business Checking
Axos Bank is a digital bank that offers a Basic Business Checking account. This account has no monthly fees, no minimum balance requirements, and offers unlimited transactions. Additionally, you get access to a mobile app with mobile deposit, online bill payment, and ACH transfers.
5. Capital One Spark Business Checking
Capital One Spark Business Checking is another excellent option for small businesses. This account offers unlimited transactions, no monthly fees, and doesn’t require a minimum balance. Additionally, you get access to a broader network of ATMs and branches, making it easier to manage your finances.
Conclusion
Managing finances is crucial for small businesses, and finding the right bank account is the first step towards financial stability. The top 5 best business bank accounts for small businesses in 2021 include Chase Business Complete Checking, BlueVine Business Checking, Novo Business Checking, Axos Bank Basic Business Checking, and Capital One Spark Business Checking. Each of these accounts has unique features and benefits that cater to different small businesses’ needs. By choosing the right bank account, you can take your business to the next level.
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