The best small business bank accounts are provided by Chase, Axos, U.S. Bank, LendingClub, and Wells Fargo. They’re easily accessible with relatively low fees and minimum balances, along with generous transaction limits.
As of 2021, the most recent year for which there is census data, there were 33.2 million small businesses in the U.S., which amounted to 99.9% of all U.S. businesses. If you’re one of those small business owners, a business bank account can help you separate your business and personal finances, which is essential for proper bookkeeping. The right accounts give you a way to deposit, hold, and spend money, and some account types enable you to accept credit and debit card payments.
We chose the checking accounts below based on our research into the small business account landscape. We evaluated accounts on important factors, like fees, minimum balance and deposit…
