Best online business bank account in 2021
If you have an established business, a startup, or a home-based business, you have probably thought about banking options. Opening a bank account is not always as simple as we would like it to be — it requires research and careful attention, since we are dealing with our most critical issue: our money.
But, similar to other industries, the banking industry is adapting to digital market demands.
Business trends of 2021 suggest that eCommerce will continue to be prioritized by many companies, as will the demand for virtual services by consumers. For many business owners, the traditional brick-and-mortar banking experience is giving way to the convenience of online banking.
Online banking is no different than traditional banking. It offers nearly every service found at a local branch — deposits, transfers, payments, etc. Of course, the difference is that all of your transactions are done entirely online, at your own convenience. Understanding this desire for convenience, many major banks and credit unions now offer online banking.
For a busy business owner, banking on the go is a huge advantage. However, choosing the right online bank to set up a business account requires careful attention.
Let’s look at some of the best online business bank accounts available today.
Some business owners desire online banking convenience. They may also find comfort in knowing a physical branch is just around the corner. Chase Business Online brings the vast resources of the banking giant to the small business owner with a simple, online banking option. Chase Business Online banking is FDIC-insured.
Advantages
Chase Business Online offers members superior management features and security. Digital payment features allow you to control your business’s cash flow entirely online — with 250 transactions per month with no fee.
- Account management tools allow members to set up multiple account users, complete with control over what is seen and done on the account. Cash management such as bill payment and fund transfers can be done conveniently by any authorized user.
- Mobile banking with Chase’s mobile banking app allows business owners to bank on the go, complete with account alerts and text banking — you can check account balances with a text and receive alert notifications when your account isn’t meeting minimum balance requirements.
- ACH payment allows you to pay employees and vendors online through direct deposit. Through a partnership with Zelle, Chase allows members to send and receive money directly from their online checking account.
- Protection services and account monitoring helps safeguard your account from fraud.
If you’re a small business owner seeking the convenience of an online bank account with a personal touch that understands your needs, Small Business Bank is a great option. Small Business Bank offers online banking for small businesses of every type — whether sole proprietors, small LLCs, or corporations.
Advantages
Small Business Bank is FDIC-insured and…
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