Even if your financial institution doesn’t say this (check your depositor agreement), you still shouldn’t use the same checking account for business and personal expenses.

A personal checking account is designed for your individual, everyday use. It’s perfect for handling day-to-day personal expenses—things like paying rent, buying groceries, or that spontaneous ...

A personal checking account is used for everyday household finances. Generally, up to $250,000 of your money will be protected by the FDIC in the event of a bank failure.

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 ...

Choosing the right bank account is a fundamental step in managing your personal finances. With a plethora of options available, it’s essential to understand the differences between savings ...

Yes, you can open a personal checking account for a sole proprietor business, but there are a number of reasons why it may not be the best choice.

While some personal checking accounts can be opened with as little as $1, a business checking account might require $500, $1,000 or more to open, depending on the bank or credit union.