Drawbacks of using a personal bank account for business. You might be thinking, “Well, it doesn’t sound that bad to just use my personal checking account for business.” ...

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 ...

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.