A online small business bank account tool that keeps your business funds separate from your personal ones. It can also help you build credit and get access to advanced banking services as your business grows.

An Online Small Business Bank Account

Unlike traditional bank accounts, an online business checking account doesn’t require you to visit a brick-and-mortar branch to open it. Many online-only banks make it easy to apply for a business account and provide some of the same benefits as brick-and-mortar banks, including mobile banking apps, ATM capabilities and integrations with modern software tools that can help you manage your cash flow, invoicing and expenses.

Managing Your Business Finances Anywhere, Anytime: The Benefits of an Online Small Business Bank Account

Some business checking accounts offer free transactions and deposits, while others may have caps or charge a monthly service fee. You’ll need to know the specifics of your business’s needs when you’re shopping for a business checking account, so you can choose one that fits those requirements and offers the features you want without paying too much in fees.

Business Overdraft Plans

Some online and brick-and-mortar banks offer overdraft coverage programs that protect you from fees on excess spending or ATM withdrawals. These plans are a great way to avoid charges for insufficient funds or missing a payment, so you can keep your company’s finances on track.

Sign-Up Bonus for a Business Checking Account

Some of the biggest banks in the country will reward you with a sign-up bonus for opening a business checking account. These bonuses typically vary by bank, and are usually based on the amount of your initial deposit or minimum balance. They can be a good deal if you have the budget to deposit a large amount of money and maintain a steady balance in your new account.