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.

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 ...

Compare individual and joint bank accounts, including benefits, drawbacks, and FDIC insurance limits. Decide which bank account best suits your goals.

The Live Oak Bank Personal Savings Account earns a 4.20% APY while the Live Oak Bank Business Savings Account has one of the highest rates for business savings at 3.50% APY.

To close an old bank account, call or visit your bank and speak to someone who can assist you with your request. Decide if you want to cash out the money or use it until the account balance is zero.

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.