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| Business Banks | Pricing | Card | Regulation | Main Advantages | Score | Open an Account |
|---|---|---|---|---|---|---|
Best for Small Businesses 1  | Free Plan More Info | BlueVine Corporate Mastercard | FDIC |
| 9.8 | |
PaymentsAccount Types
Card type
Domestic Payments
International Payments
Accounting Tools
Security Features
Account Access | ||||||
Best choice for Freelancers 2  | Free plan More Info | Novo Corporate Mastercard | FDIC |
| 9.5 | |
PaymentsCard type
International transfers
Transactions
Accounting Tools
Security Features
Account Access | ||||||
3  | Free plan More Info | Relay Mastercard Debit Card | FDIC |
| 9.1 | |
PaymentsAccount Types
International Transfers
10$ fee for sending Wire transfer Domestic Transfers
5$ fee for sending Wire transfer Accounting Tools
Security Features
Account Access | ||||||
4  | $15 per month $2K min. balance More Info | Chase Business VISA card | FDIC |
| 8.8 | |
PaymentsCurrency
Card type
Accounting Tools
Security Features
Account Access | ||||||
5  | 10$ Per Month More Info | NorthOne Corporate Mastercard | FDIC |
| 8.5 | |
PaymentsCard type
Checks
Fee free
Accounting Tools
Security Features
Account Access 20$ Gift for Funding an account | ||||||
6  | Free plan More Info | Divvy Visa Business Card | FDIC |
| 8.2 | |
PaymentsCard type
Domestic Transfers
Rewards
Accounting Tools
Security Features
Account Access | ||||||
7  | Free plan More Info | Axos Visa Debit Card | FDIC |
| 7.9 | |
PaymentsAccount Types
Automated Payments
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate financial identity for your business. A personal bank account isn’t geared towards business activity and does not intend to confer the same benefits as a business bank account.
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.
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.
As a freelancer, sole trader, partnership, or corporation, it’s important to establish a separate financial identity for your business. A personal bank account isn’t geared towards business activity and does not intend to confer the same benefits as a business bank account.
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.
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.
