The decision to open a business bank account is a big one. It’s one of the things that can prove that you’re a legitimate small-business owner and that your company’s finances are distinct from your money.
There are many business bank accounts, each serving a different purpose. Ensure you put your money into the correct account type for your financial goals so you can access good spending and saving tools. Managing your money in this manner will allow you to maximize your bank’s return, minimize fees and the hassle of managing it.