How to Choose the Best Business Checking Account

A black woman reads through the company's business checking account statement.

If you’re a business owner, you already know that being able to manage your money is a big deal. And one of the best ways to do so is with a good business checking account. Your business checking account serves as your financial center for transactions, facilitating the inflow and outflow of funds essential for day-to-day operations. But with so many options out there, it can be hard to find the best business checking account that meets your needs.

Keep reading to learn more about business checking accounts, how they work, and what to consider as you look for the best business checking account for you.

What is a Business Checking Account and How Does It Work?

To fully understand what a business checking account is, you can think of it as a separate wallet for your business. It's where you keep all the money your business earns and spends. Whether you're getting paid by clients, buying new equipment, or paying for marketing, it all goes through this account.

Having a business checking account can help keep your personal and business finances separate. This makes it way easier to track your business expenses and income for things like taxes or budgeting. Plus, if you ever get audited or need to show your financial records, having everything neat and tidy in one account makes life a lot simpler.

What You Need to Consider When Choosing a Business Checking Account

When it comes to finding the best business checking account, you’ll need to do some research to find one that meets your needs. For example, you likely won’t want a business checking account that charges you too many fees. The less you have to pay in fees, the better it is for your business's bottom line.

Additionally, consider the number of transactions your business typically makes per month. Some accounts may limit the number of transactions you’re able to make on a monthly basis.

What about online business account access? Being able to check your business bank account balance, pay bills, and transfer money online can save you a lot of time and hassle. Plus, it's nice to be able to do it from anywhere – whether you’re in the office, on the go, or even on vacation.

And, of course, you’ll need to think about the future. As your business grows, your banking needs might change. You'll want to choose a business checking account that can grow with you and accommodate any new needs or challenges that come up along the way.

Academy Bank Business Checking*: Your Gateway to Financial Flexibility

In the world of business, navigating the intricacies of financial management is paramount for success. At Academy Bank, we understand the unique needs of businesses, whether big or small. That's why we're excited to share our Business Checking* account – a solution designed to empower entrepreneurs and businesses alike with the flexibility and convenience they need to thrive.

With our business checking account, you get the flexibility to handle cash flow while managing your everyday business. Whether it's receiving payments from clients, paying vendors, or covering day-to-day expenses, our account empowers you to navigate your finances with confidence. Say goodbye to financial constraints and hello to newfound freedom and efficiency.

Key Features of Our Business Checking* Account:

$100 Opening Balance: We believe in making banking accessible to all businesses, which is why our Business Checking account requires just a $100 deposit to get started.

$12 Waivable Monthly Service Charge*: We value your business, which is why we offer a low monthly service charge that can be waived with a minimum monthly average balance of $5,000 or a daily average of $2,500. It's our way of putting money back into your pocket.

250 Items Included Per Statement Cycle, then $0.35/each: With our Business Checking account, you'll enjoy the convenience of 250 included items per statement cycle, from checks deposited to debit card transactions. And should you exceed this limit, additional items are charged at just $0.35 each.

Unlimited Bill Pay for $10/Month: Simplify your bill payment process with unlimited bill pay for just $10 per month. Say goodbye to the hassle of writing checks and hello to streamlined payments at your fingertips.

Ready to Get Down to Business with Your New Business Checking Account?

Our Business Checking account is tailored to meet the needs of small and mid-sized businesses seeking flexibility and convenience. Whether you're a budding entrepreneur or an established enterprise, our account is your gateway to financial empowerment.

Ready to take the next step? Talk to a Business Banker today and learn more about how our Business Checking* accounts can unlock new opportunities for your business. At Academy Bank, we're committed to helping you achieve your financial goals and navigate the path to success. Let's get down to business—together.



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* $100 opening balance. $12 waivable monthly service charge (Minimum monthly average balance of $5,000 to waive monthly service charge). 250 items included per statement cycle, then $0.35/each. Unlimited bill pay $10/month. Free monthly eStatement or $5 paper statement. Closing new accounts within 90 days of opening will result in a $20 early closure fee.