Best bank for a business account — if you’re wondering about the best bank for a business account, you’re not alone. Most business owners have to shop around before they determine the most appropriate account for their business.
Your current bank may not best the best bank for your business. If you shop around, you’ll find that some banks offer incentives for new customers, such as no-fee services for a few months or a special short-term interest rate. Banks tend to make offers to win a greater share of your wallet. Moreover, by keeping your business and personal banking separate, you have a little more protection if your business runs into trouble. You don’t want to be denied a mortgage because your bank isn’t keen on your business situation.
Whatever business bank account you choose, be sure to weigh the fees, interest rates and services available.