Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
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| Business Banks | Pricing | Card | Regulation | Main Advantages | Score | Open an Account |
|---|---|---|---|---|---|---|
Top rated choice 1  | 90-day free trial $10 per month More Info | NorthOne Corporate Mastercard | FDIC |
| 9.8 | 90-day free trial |
PaymentsCard type
Checks
Fee free
Accounting Tools
Security Features
Account Access | ||||||
2  | $10 per month More Info | nearside Mastercard Enhanced Debit | FDIC |
| 9.5 | |
PaymentsCard type
ATM withdrawals
ACH transfers
Insufficient funds
Accounting Tools
Security Features
Account Access | ||||||
3  | $15 per month $2,000 minimum balance More Info | Chase Business VISA card | FDIC |
| 9.1 | |
PaymentsCurrency
Card type
Accounting Tools
Security Features
Account Access | ||||||
4  | Free More Info | Divvy Corporate Mastercard | FDIC |
| 8.8 | |
PaymentsCard type
Domestic Transfers
Rewards
Accounting Tools
Security Features
Account Access | ||||||
5  | Free plan More Info | Novo Corporate Mastercard | FDIC |
| 8.5 | |
PaymentsCard type
International transfers
Transactions
Accounting Tools
Security Features
Account Access Best Bank for Freelancers and Entrepreneurs | ||||||
6  | Free Plan More Info | Axos Bank Corporate Mastercard | FDIC |
| 8.2 | |
PaymentsAccount Types
Automated Payments
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
7  | Free Account More Info | lili Corporate Mastercard | FDIC |
| 7.9 | |
PaymentsAccount Types
Automated Payments
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
8  | Free Account More Info | BlueVine Corporate Mastercard | FDIC |
| 7.5 | |
PaymentsAccount Types
Automated Payments
Domestic Payments
International Payments
Accounting Tools
Security Features
Account Access | ||||||
A personal bank account is not intended to confer the same benefits as a business bank account. As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate identity for your business. Personal accounts are not geared towards business activity. For privacy reasons, your personal account should not be mixed with your business activity.
Debtors, creditors and their banking institutions are much more comfortable dealing with business to business accounts for transactions processing purposes, taxes and invoices. A business bank account establishes credibility, professionalism, and trust. When payroll is needed, a business bank account is a must-have. Separation of personal and business finances is always recommended, especially when business debit cards and/or credit cards are issued to company personnel.
Tax reporting is significantly easier to manage with a business bank account. When a personal account is used for business activity, co-mingling of income and expenses takes place. This complicates matters. Besides, business bank accounts make it much easier for you to effectively control incomes and expenses with your business.
A personal bank account is not intended to confer the same benefits as a business bank account. As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate identity for your business. Personal accounts are not geared towards business activity. For privacy reasons, your personal account should not be mixed with your business activity.
Debtors, creditors and their banking institutions are much more comfortable dealing with business to business accounts for transactions processing purposes, taxes and invoices. A business bank account establishes credibility, professionalism, and trust. When payroll is needed, a business bank account is a must-have. Separation of personal and business finances is always recommended, especially when business debit cards and/or credit cards are issued to company personnel.
Tax reporting is significantly easier to manage with a business bank account. When a personal account is used for business activity, co-mingling of income and expenses takes place. This complicates matters. Besides, business bank accounts make it much easier for you to effectively control incomes and expenses with your business.
