How to Open a Free Business Checking Account Online With No Deposit
A business bank account keeps your personal and professional expenses separate. It’s also a good way to simplify your tax filing. To make the process easier, look for a fee-free option that offers built-in tools to help you manage cash flow. Several national online banks offer free business checking accounts, including BlueVine, Axos, NBKC and Huntington. And some regional and local banks also have free online business checking accounts with no minimum deposit requirements.
Most open a free business checking account online with no deposit are digital, which means you can sign up and open an account from anywhere, with or without a computer or smartphone. Once you’re approved, you can start using the account immediately and access your money via an app or website. You’ll need to provide basic information, such as your business name, contact information and federal tax ID number (EIN).
No Deposit, No Problem: How to Open a Free Business Checking Account Online
Online business accounts often charge fewer fees than traditional brick-and-mortar bank accounts, so you can save money right away. But some businesses require a monthly service fee, and even those that don’t have fees can run up charges if they use their account frequently or have a high balance. To avoid these issues, consider the unique needs of your business to find an account that suits you.