Editor’s note: As of publication, NorthOne has paused new accounts to upgrade to its banking technology. Business owners who apply and are approved during this time will be placed on a waitlist for accounts to be opened on March 16. The NorthOne business bank account is…
Oxygen is an online-only bank (or neobank) that specializes in mobile banking, offering both a personal and business bank account through the Oxygen app. With no monthly fees and unlimited fee-free transactions, the Oxygen business account is well-suited for small-business…
BMO Harris offers three main business checking accounts, including an interest-bearing option and a free checking account for nonprofit businesses. These options may appeal to a variety of business owners, especially if they can maintain a balance high enough to skirt the…
The best bank for your small business depends largely on what you’re looking for: a checking account, savings account or different financial services altogether. At a minimum, you should have a dedicated business bank account to store funds and manage your day-to-day…
Brex Cash is a cash management account that allows you to store your funds as uninvested cash with the program bank, or invest them in a money market fund to earn yield. With no fees and unlimited digital transactions, Brex Cash offers a tech-first alternative to the…
KeyBank offers three small-business checking accounts with minimal frills, but also minimal fees, provided you’re able to avoid the bank’s hefty overdraft charges. The bank’s generous cash deposit limits — up to $25,000 at no cost, $50,000 in some locations — and…
The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing…
Both digital banks and some brick-and-mortar institutions allow you to open a business checking account online. Although brick-and-mortar banks have expanded their online capabilities, especially during the COVID-19 pandemic, you’ll find that big-name, national banks are…
When the world went into lockdown, many employers turned to Zoom to keep their workers connected and their businesses running. Zoom Meetings provides high-definition video, voice, chat and content sharing across mobile devices, desktop computers, laptops, phones and…
Xero is cloud-based accounting software that allows small-business owners to manage their finances and collaborate with their accountant or bookkeeper from anywhere. Founded in 2006, it’s now a widely used accounting application with more than 2 million subscribers.
ADP has been a giant in the payroll processing industry for decades and remains the leader by market share. Its payroll software for small businesses — officially known as RUN Powered by ADP — is geared to enterprises of one to 49 employees. It’s an online application…
A business savings account is a type of business bank account that allows you to earn interest on your funds. Compared with business checking accounts, savings accounts typically limit your monthly withdrawals, making them best for long-term savings — like emergency funds…
The Paycheck Protection Program provides fully forgivable loans to small businesses struggling through the coronavirus pandemic. But applying for that forgiveness can be daunting, especially for business owners who have limited resources at their disposal. We’ve put…
Capital One business checking is a fit for small-business owners who are looking for comprehensive banking from a brick-and-mortar bank. Capital One offers two business checking accounts — Spark Business Basic Checking and Spark Business Unlimited Checking. Both include…
Whether you plan to open a business bank account in person or online, you’ll need to provide basic details about yourself, your business and any additional business owners. You’ll also need a government-issued ID and legal business documentation. Here’s a breakdown of…
With no monthly fees, unlimited refunds for ATM charges and a focus on digital banking, Novo business checking is a great option for small-business owners on the go. Novo offers its own integrated invoicing tool as well as direct integration with top business tools, making…
NBKC business checking — also simply referred to by NBKC as its Business Account — is an online bank account with no monthly maintenance fees, no minimum balance requirement and unlimited transactions. This free business checking account is a great option for…
Small businesses hit hardest by the coronavirus pandemic can soon receive a second forgivable loan under the newly revived Paycheck Protection Program. Congress designated $137 billion for “second-draw” loans as part of a larger funding and relief package. The bill…
Small businesses that make money on 30-, 60- or 90-day customer invoices can face a cash crunch while waiting for payment. If your business needs cash right away to pay for expenses or take advantage of an opportunity, you can turn those outstanding invoices into immediate…
A merchant cash advance is not a small-business loan; rather, it’s a cash advance in exchange for a cut of your future business sales. Instead of making monthly installment payments over a set period of time, you make daily or weekly payments, plus fees, until the merchant…
