Using a personal checking account to manage your business finances can cause a myriad of issues in the long term. To avoid complicating your bookkeeping and taxes, a separate business bank account ...

When you have a business checking account, all your revenue and expenses are recorded in your bank’s transaction logs. That can make keeping track of your spending much easier.

If you’re using your personal bank account for your business, it’s time to switch. Here are the legal and logistical reasons why you need a separate business bank account.

Live Oak Bank’s Business Savings account is an excellent place to stash your LLC’s idle cash or emergency fund. It offers a competitive 3.70% APY on all balances with no monthly fees, no ...

A personal checking account is a low-interest bank account that is optimal for covering personal expenses. You can make an unlimited amount of withdrawals from this account each month.

A business bank account for your LLC offers protections and benefits you can’t get with a personal account. Plus, it helps you keep your business and personal finances separate.

Comparing interest rates is an important part of choosing a business savings account. At many traditional banks, personal and business bank accounts have similar rates. You may find more ...

Business bank accounts may allow up to 500 transactions per month before a fee is applied. Consider how many transactions you’re likely to conduct in a given month when choosing an account.

Brex reports significant differences between business and personal credit cards, affecting spending limits, credit reporting, ...

If your business is an LLC or a corporation, it’s important to open a separate bank account for your company. Even if your business is a sole proprietorship, a separate bank account is preferable.

If you’re using your personal bank account for your business, it’s time to switch. Here are the legal and logistical reasons why you need a separate business bank account.