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| Business Banks | Pricing | Card | Regulation | Main Advantages | Score | Open an Account |
|---|---|---|---|---|---|---|
1  | Free plan More Info | Bluevine Debit Mastercard | FDIC |
| 9.8 | |
PaymentsAccount Types
Card type
Domestic Transfers
Standard ACH fee: $0 Same-day ACH fee: $10 Incoming Wire Fee: 0$ Outgoing Wire Fee: 15$ Accounting Tools
Security Features
Account Access | ||||||
2  | Free plan More Info | Novo Debit Mastercard  | FDIC |
| 9.5 | |
PaymentsCash Deposits N/A Checks Send: unlimited free mailed checks Domestic Transfers Free incoming/outgoing ACH International Transfers Outgoing wire Via Wise (Transferwise) Payment Integrations Stripe, Square, Paypal, Wise, Woocommerce, Amazon, Ebay, Etsy, Shopify Accounting Tools
Security Features
Account Access | ||||||
3  | $10 Per month More Info | NorthOne Debit Mastercard | FDIC |
| 9.1 | |
PaymentsCard type
Checks
Fee free
Accounting Tools
Security Features
Account Access 30$ Gift for Funded Account | ||||||
4  | $15 Per month $2K min. balance More Info | Chase Debit Visa | FDIC |
| 8.8 | |
PaymentsCard type
Domestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
5  | Free plan More Info | Lili Debit Visa  | FDIC |
| 8.5 | |
PaymentsDomestic Transfers
International Transfers
Accounting Tools
Security Features
Account Access | ||||||
6  | Free plan More Info | Divvy Visa Business Card | FDIC |
| 8.2 | |
PaymentsCard type
Domestic Transfers
Rewards
Accounting Tools
Security Features
Account Access | ||||||
7  | $10 Per month More Info | Axos Debit Visa  | FDIC |
| 7.9 | |
PaymentsAccount Types
Automated Payments
Domestic Transfers
International Transfers
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.
