us bank business checking account

Bank of America boasts a number of great banking options for small businesses. With BofA, you'll have access to checking accounts, credit cards. Our Business Checking opportunities offer you a way to maximize efficiency and business benefits. Compare our business accounts and then find a branch to open. American Express launches new fully digital business checking account for U.S. small and mid-sized businesses, with first-ever Amex-issued debit card 28 October.

Us bank business checking account -

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Features:

  • No monthly service fee
  • Two signers

Best For:

  • New businesses
  • Limited cash flow activity

APY2

0.01%

Features:

  • Monthly service fee of $8
  • Unlimited signers

Best For:

  • Growing businesses
  • Multiple owners
  • Steady banking activity

APY

0.01%

Features:

  • Monthly service fee of $0 or $203
  • Unlimited signers

Best For:

  • Mature businesses
  • Large transaction volumes
  • Higher deposit balances
  • Multiple owners
$0-$9,999:0.35%
$10,000-$24,999:0.40%
$25,000 & over:0.45%

The GO BIZ Debit Card is designed to help keep your business moving forward.

  • Contactless, tap-to-pay technology
  • A Zero Liability policy for unauthorized transactions
  • Visa® Travel Accident Insurance

about Navy Federal's commercial real estate loan offeri

Features:

  • No term restrictions
  • Competitive rates
  • Minimum of $2,500 balance to earn dividends
  • Earns more than a standard savings account without term restrictions

Best For:

  • Businesses looking for higher earnings than a standard savings account

Jumbo dividend rate earned on balances of $100,000 or more

Features:

  • No term restrictions
  • Competitive rates
  • Minimum of $100,000 balance to earn jumbo dividend rate

Best For:

  • Businesses with the ability to maintain higher balances on deposit
  • Businesses interested in earning a jumbo dividend rate

Higher dividends earned through longer maturities

Features:

  • Minimum purchases as low as $100
  • No maximum purchase amount (excluding special promotions and offers)
  • 3-month to 7-year terms available

Best For:

  • Businesses prioritizing earning the highest dividend rate without needing flexible access to savings

Join Today and become a Business Solutions member

If you’re already a business member, follow these easy steps:

1

Non-electronic transactions are defined as checks processed and in-branch transfers, deposits and withdrawals. Up to 12 checks for deposit at a branch will count as one transaction.

2

 Rates on variable rate accounts could change after account opening. Fees may reduce earnings. Offering rates may change.

3

Monthly service fee waived if average daily balance is $5,000 or more. Otherwise, a $20 monthly service fee will apply.

4

Maintain a minimum daily balance of $1,500 to earn dividends.

Источник: https://www.navyfederal.org/services/business/checking-savings.html

5 Best Business Checking Accounts of November 2021

Best Large Bank

Best for Business App IntegrationsBest for Small BusinessesBest for High Transaction VolumeBest for High YieldsChase Business Complete BankingNovonbkc bankBlueVineAxos Bank BasicOur PartnerOur PartnerOur PartnerOur PartnerOur PartnerMonthly Service Fee

$15, with multiple options to wave

$0

$0

$0

$10, $0 if you keep a $5k daily average balance

Minimum Opening Deposit

$0

$0 ($50 deposit requested to unlock banking features)

$0

$0

$100

Minimum Monthly Balance

$0 ($2,000 daily to waive the service fee)

$0

$0

$0

$0, $5,000 to waive monthly fee

ATM Network

4,700

None. Novo Reimburses ATM fees

Access to over 37,000 MoneyPass ATMs

Access to over 37,000 MoneyPass ATMs

Unlimited reimbursement of domestic ATM fees

APY

None

None

None

0.60% on balances up to $100,000

0.81% on balances below $50,000. Other APY’s available on higher balances.

Источник: https://money.com/best-business-checking-accounts/

1 If the average account balance falls below $2,500 for the month, a $10 maintenance fee is charged on the last business day of the statement cycle. Other service fees may apply. 

2 If you maintain $10,000 average monthly balance in the Executive Business Checking or if you maintain $25,000 in combined daily balances in the Executive Business Checking and in any related personal accounts in which you are a primary or secondary account owner (Checking, Money Market Deposit, Savings, Certificate of Deposit, Retirement) for each day of the monthly statement cycle, the minimum balance fee is waived. If the average account balance falls below the minimum required balance, a $25 maintenance fee is charged on the last business day of the statement cycle. Other service fees may apply. 

3 If the average account balance falls below $1,000 for the month, a $5 maintenance fee is charged on the last business day of the statement cycle. Other service fees may apply. 

4 You must be enrolled in CIBC NetBanking and have a supported Mobile Banking device to use Mobile Banking and the Mobile Banking remote deposit feature. For further information, refer to Mobile Banking terms and conditions Opens in a new window.. Message and data rates may apply. Contact your wireless carrier for details.

5 500 transactions per month includes bill payments, checks paid, deposits and other credits and debits. There is a $0.50 per transaction fee for each additional transaction over 500.

6 Please review the account agreement for specific fee schedule details (PDF, 205 KB) Opens in a new window..

7 We charge a $1 foreign ATM fee for transactions at ATMs not owned or operated by CIBC (non-proprietary ATMs). This fee is waived for certain account types. The owner or operator of a non-proprietary ATM may charge a surcharge for using that ATM.

QuickBooks is a registered trademark of Intuit Inc.

Источник: https://us.cibc.com/en/small-business/small-business-checking.html

Small Business Checking Accounts

Digital wallet access is available at Wells Fargo ATMs for Wells Fargo Debit Cards in Wells Fargo-supported digital wallets. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply. Some ATMs within secure locations may require a physical card for entry.

Optimize Business Checking customers can access advanced features through Commercial Electronic Office®. Available within a billing relationship. Enrollment required and additional fees may apply. Contact your banker for a complete description of services, fees, and enrollment instructions.

Sign-up may be required. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.

Mobile deposit is only available through the Wells Fargo Mobile® app. Deposit limits and other restrictions apply. Some accounts are not eligible for mobile deposit. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply. See Wells Fargo’s Online Access Agreement for other terms, conditions, and limitations.

Optimize Business Checking customers may also deposit checks via CEO® Mobile by enrolling in our CEO® Desktop Deposit service.

Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.

Wells Fargo reserves the right to accept or reject any artwork, images, or logos. For example, any third-party trademarks; copyrighted materials; or name, image, and likeness of any public figures will not be approved.

Optimize Business Checking customers can enroll to have access to advanced features through the Commercial Electronic Office® CEO.

With Zero Liability protection, you will be reimbursed for any promptly reported unauthorized card transactions. Please see your applicable Wells Fargo account agreement and card terms and conditions for information on liability for unauthorized transactions.

Wells Fargo Bank, N.A. Member FDIC.

Источник: https://www.wellsfargo.com/biz/checking/

BUSINESS CHECKING AND PAYMENT SOLUTIONS ACCOUNTS

Take payments anywhere. Bank on the go.

U.S. Bank is offering you the combined power of mobile payment acceptance and a checking solution to run your business from wherever you are.

Simplify your business cash flow management.

More transaction flexibility and no monthly fee with the Gold Business Checking Package.

Get 300 free transactions per statement cycle1 and the monthly maintenance fee is waived when you have a Payment Solutions Account with the Gold Business Checking Account.

Take payments easily with talech Mobile POS.

Use talech Mobile POS on your smartphone and a Bluetooth card reader to accept credit, debit and mobile payments anywhere. Perfect for individuals and small businesses looking for the essentials to run their business with an easy way to take payments without paying big software or hardware fees.

Get your funding faster – for free.

Get the fastest free funding in the payment processing industry. By combining these accounts you receive access to Everyday Funding2. With Everyday Funding, payments from your customers will be deposited into your checking account within hours so you can pay invoices quicker, cover your expenses faster and increase your cash flow efficiency.

Make accepting credit card payments simple.

  • All major credit cards accepted
  • Contactless payments
  • Transparent pricing and no long-term contract
  • Variety of hardware to fit your needs
  • Expedited funding
  • No monthly minimum or standard PCI DSS program fees

Apply now

Open your Business Checking and Payment Solutions Accounts.

Customer support

Have questions about applying? Contact customer support Mon-Fri 8 a.m. to 6 p.m. CT.

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Disclosures

    Start of disclosure content

    IS-018 Deposit services disclosure

    Источник: https://www.usbank.com/business-banking/business-bank-accounts/business-checking/checking-pos-system-bundle.html

    Best Banks for Small Businesses

    Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.

    If you run a small business, a bank account isn’t an option, it's a requirement. Every business should have its own dedicated checking account, and possibly savings, credit cards, and other accounts, to keep cash safe and build a financial record for the business.

    But don’t just head to the closest bank and think they will offer the best deal or even all of the features you need in a small business bank. It is important to do research to choose the best bank for your unique business needs. When reviewing accounts, consider some of these features, which may or may not matter for your business: cash deposits, mobile check deposits, free ATMs, keeping all accounts at one bank, interest-bearing checking accounts and in-person customer service.

    And while keeping in mind that business bank accounts tend to charge higher fees than personal accounts, you should still seriously consider the costs of a bank account. Major fees for business bank accounts include monthly account fees, excess transaction fees and excess cash deposit fees.

    Because every business is different, there is no perfect account for small businesses. Some small businesses may be happy with an online-only bank that does not charge any monthly fees. Other businesses care more about frequent cash deposits and will never need to deposit a check from their phone.

    The only universal desire in small business bank accounts is low fees, so be on the lookout for fees that you may be charged unless you meet specific criteria to avoid them.

    Now that we have all that out of the way, let's take a look at the best banks for small businesses.

    Best Banks for Small Businesses in 2021

    • Best Overall: Chase
    • Best for Online-Only Checking: Axos Bank
    • Best Credit Union: Navy Federal Credit Union
    • Best for Number of Branches: Wells Fargo
    • Best for Business Analysis: M&T Bank
    • Best Fee-Free Brick-And-Mortar Checking: US Bank

    Best Overall: Chase


    If you want the traditional bank experience, Chase is your best option as a small-business owner. Chase has locations around the country, offers business checking with no fee as long as you maintain a $2,000 minimum balance, plus one of the best online banking and mobile banking systems available.

    Chase is also a great bank for business credit cards. Chase Ink Business Preferred, for example, offers high-value rewards you can use toward free and discounted travel. If you have your checking and savings accounts at the same place, it is easier to manage everything with one online banking login.

    In summary, Chase takes the top spot because it offers everything your business might need, lots of locations, and options to dodge monthly service fees. Both small, solo businesses and brick-and-mortar businesses with many employees can easily find their needs met at Chase.

    Best for Online-Only Checking: Axos Bank


    While Capital One put its Spark Business Checking on hiatus, Axos Bank jumped up to claim the spot for the best online checking account that is currently available for small businesses. Axos Bank opened in 2000 and was a pioneer of online-only banking in the United States. The company has ample experience in providing banking services for both business and personal customers.

    The Business Interest Checking account is free with a rather large $5,000 average daily balance, otherwise, you’ll pay a $10 monthly fee. The account includes up to 50 free items per month, so it is not ideal for the busiest businesses with a huge number of transactions or a smaller business that keeps a low daily balance. But it does offer interest, currently 0.80 percent, and great online and mobile banking options.

    Axos also offers a basic business checking account with no monthly fee, up to 200 free items per month and other goodies with no interest. Depending on your needs, this may be better than the Business Interest Checking account.

    Axos also offers money market and savings accounts for businesses, CDs, and a full suite of cash management services. It’s pretty impressive for any bank, not just online banks. If you don’t need to work with cash but do need a serious bank, consider Axos Bank for your small business banking needs.

    Best Credit Union: Navy Federal Credit Union


    While it is not technically a bank, Navy Federal Credit Union offers top quality business banking services perfect for a wide range of small businesses. Those include business checking and savings, loans, credit cards, payment processing and even retirement and insurance for you and your employees.

    Credit unions are not-for-profit entities. This means they tend to charge lower fees and offer higher interest rates on savings than for-profit banks.

    To open a business bank account at Navy Federal, you’ll first need to become a business member. This requires you to join the credit union yourself as an individual first. You’ll also need a $250 opening deposit to get started as a business member and a $5 membership share purchase deposit is also required.

    Credit unions are typically geared more toward consumers than businesses​ but don’t overlook the big opportunity to save money with a business checking and savings account at a credit union.

    Best for Number of Branches: Wells Fargo


    Wells Fargo is a hugely popular bank, despite some recent bad PR. It is the largest Small Business Administration lender for SBA loans and has more branches than any other bank in the United States.

    Wells Fargo offers four different business checking accounts. These accounts all have monthly fees, but you can avoid them with a minimum balance requirement in most cases. For the Initiate Business Checking Account, the minimum is $500 to avoid fees.

    Because Wells Fargo is so big, it offers virtually any service your business might need. That includes things like payroll, HR and business tax services. But you may pay more to get many of those services from Wells Fargo than some companies that specialize in those various services.

    If your small businesses use a lot of cash, Wells Fargo is one of your best options. Not only can you deposit cash at the largest branch network, but you can also withdraw fee-free from its massive network of ATMs.

    Best for Business Analysis: M&T Bank


    If you live on the East Coast, consider M&T Bank for your small business banking needs. M&T has 700 branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Washington, D.C., Virginia, West Virginia, Vermont, and Massachusetts. But M&T stands out for more than its branch network.

    M&T Bank offers relationship managers who do more than offer you bank accounts and help you with customer service questions. These bankers review your business finances inside and out to help you better understand them and achieve best small business success.

    M&T Bank is a top 10 SBA lender and offers a range of bank accounts. There are five checking options that may be a fit for most small businesses, plus specific accounts for medical and professional services industries. The biggest downside is that you need to maintain a big balance to avoid fees in most of those accounts. To avoid the $10 fee on the basic Simple Checking for Business account, you have to maintain a $2,500 average balance.

    Best Fee-Free Brick-And-Mortar Checking: US Bank


    US Bank isn’t quite as big as some of its competitors, but it still offers a large network of branches and ATMs around the United States. The biggest standout for small businesses is the Silver Business account, which offers checking with no monthly maintenance fee.

    That account is great for smaller businesses with less than 150 transactions per month (you’ll pay .50 each for additional items). You can deposit up to 20 mobile checks each month with no fee and pay the same .50 for additional mobile deposits.

    Like others on this list, US Bank offers additional services through a bundle including credit card processing, payroll servicing and invoicing. Other checking accounts have a higher number of free transactions, but require a large balance to avoid monthly services fees up to $25 per account.

    Источник: https://www.thebalancesmb.com/best-banks-for-small-businesses-4169476

    Business Checking Accounts

    Simplify money management with business checking that works for you.

    Accounts for most businesses

    Transactions include teller deposits, ATM deposits, and check and debit card purchases.

    Silver Business Checking Account Package

    Best for new or small businesses with basic banking account needs

    $0 monthly maintenance fee
    125 free transactions per month1
    $0.50 fee for each additional transaction

    Gold Business Checking Account Package

    Best for growing businesses with more banking activity

    $20 monthly maintenance fee, waivable
    300 free transactions per month1
    $0.45 fee for each additional transaction

    Platinum Business Checking Account Package

    Best for mature businesses with higher balances

    $30 monthly maintenance fee, waivable
    500 free transactions per month1
    $0.40 fee for each additional transaction

    Nonprofit Checking Account

    Ideal checking account features for nonprofit businesses

    $0 monthly maintenance fee
    1800 free transactions annually2
    $0.50 fee for each additional transaction

    Premium Business Checking Account

    Premium services for complex banking needs

    Analyzed account3
    Earn credit on qualifying balances
    24/7 telephone support

    How to waive the monthly maintenance fees

    Male restaurant owner standng in doorway

    You can waive the monthly maintenance fee with one of the following:

    • U.S. Bank Payment Solutions Merchant Account
    • $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option
    • $20,000 in combined average collected deposit balances4 or $50,000 in combined average collected balance on interest-bearing option4
    • $50,000 combined average collected business deposits and outstanding business credit balances5
    • $75,000 in combined business deposit and outstanding business credit

    You can waive the monthly maintenance fee with one of the following:

    • $25,000 average collected checking balance
    • $75,000 combined average collected business deposits4 and outstanding business credit balances5

    Analyzed account;3 maintenance and transaction fees can be offset by an earnings credit based on account balance.

    All our business checking accounts include:

    More questions about business checking or handling cash flow? We have answers.

    Eight ways small business owners manage cash flow

    Ambition and unique vision aren’t all you need to have a successful small business. Keeping track of the day-to-day details is also required.

    Learn more about managing cash flow

    Does a side business really need a bank account?

    Once a hobby morphs into a small business, you may find it needs its own business bank account. Here are five reasons why.

    Reasons to get a business checking account

    Three awkward situations Zelle can help avoid

    Whether someone owes you money or you need to manage payroll, mobile payments can solve money matters for small businesses in minutes.

    Learn about using Zelle

    Top frequently asked questions

    To open a business checking account, you’ll need:

    • Your business’s Employer Identification Number (EIN) or tax ID number, or your Social Security number if you’re a sole proprietorship.
    • Articles of Incorporation, Articles of Organization or a charter or similar legal document that indicates when your company was formed. (Not required for sole proprietors.)
    • Government-issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your company.
    • Name, email address and phone number for any additional owners with 25% or more ownership in the company. 

    First, you’ll want to determine which features and benefits are the best fit for your business needs. Visit our business banking comparison chart to see all the flexible and convenient account options U.S. Bank has to offer, or take a short quiz to get a personalized recommendation.

    1. Turn over the check to the endorsement section on the back and write the name of the business, your name and title.
    2. Then add any restrictions, like "for deposit only," followed by your business account number.
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      Start of disclosure content

      BD-001 Deposit account disclosures

      Источник: https://www.usbank.com/business-banking/business-bank-accounts/business-checking.html
      us bank business checking account

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