Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. If you are starting your own business, the IRS recommends getting a separate checking account specifically for managing business finances. But do you need to open a business checking account, or can you open a secondary checking account instead? ...
Find out what you need to open a business checking account and how to get started.
When you need a business checking account, there are certain things to remember. Here is a list of the features that you should look for to find the best.
And both are FDIC (Federal Deposit Insurance Corporation) insured, meaning your money is safe in the event of bank failure. ...
Vault’s Viewpoint on What You Need To Know About Checking Accounts ; Checking accounts are outstanding for everyday use by helping you manage expenses, pay your bills, and access your cash quickly. ; Read the fine print and be aware of potential fees, penalties, and minimum balances you might need to maintain for the checking account you decide to open. ; Your money is insured as the FDIC will insure balances for up to $250,000, providing protection if that bank happens to fail. ; Checking accounts can offer great mobile, online, and brick-and-mortar banking options to make account management easier.
Whether you’re a freelancer, self-employed or own a small business, you should probably have a business checking account. These are special bank accounts designed with businesses in mind, offering services targeted at business owners rather than individuals. It can be tempting just to use your personal checking account for your company, especially if you’re just starting out, but it’s best to open a dedicated business account. Here are the top five reasons to open a business checking account. ...
Frequently Asked Questions ; What is a Beneficial Owner? ; What does a Beneficial Owner need to apply online? ; How long does it take for my account to be opened online? ; How do I make an initial deposit for an account that I just opened online?
Are you curious what is needed to open a business bank account? WaFd Bank can help with the personal information and required documents needed for this process.
To open a checking account at a bank branch you'll typically need to bring a government-issued ID, an SSN or TIN card, and proof of address, but more may be required.
Learn what's needed to open a business bank account in Utah including key documents needed. Open a Utah business bank account today with WaFd Bank.