If you are the proud owner of your very own little enterprise – there is nothing quite as satisfying and gratifying as watching the money roll in. But watching it roll into your hands or a personal bank account is not enough to keep your business chugging along. You have to manage that money well. This is where the business checking account comes into play to help you manage said money and keep it rolling for years to come.
All About The Business Checking Account
Before we dive into whether or not you need one, let’s peek behind the curtain of what a business checking account is. In the simplest terms, a business checking account is the place where you can store the money that you get from your business and also manage it. Typically this comes with features and benefits that can actually give your business a bit of a boost outside of just keeping your money for you – for example, you get:
- Separation of Finances: Mixing in your business money with your personal funds might, quite frankly lead to a confusing mess of things that might make things like budgeting and tracking your money confusing. With a business checking account, you get rid of that confusion by having your business funds separated from your personal stuff. Plus this separation will be great if you ever find yourself in some legal trouble!
- Easy Bookkeeping: Say it is time to deal with Uncle Sam. But the funds from your little enterprise (that is doing very well by the way) are mixed in with your personal money.
Now on top of having to do taxes – you have to untangle the web of your finances. This sounds like an absolute nightmare. But with a business checking account bookkeeping and doing taxes becomes easier than ever! Some business checking accounts even come with invoicing capabilities and integrate with software. (Think QuickBooks). You can save hours of time on bookkeeping. With an extraordinarily easy process.
- It’s about Professionalism: Business checking accounts allow you to accept payments and write checks in your business name. It makes you look super professional and adds a layer of credibility with clients and customers.
Features to Look For In A Business Checking Account Provider
When choosing a business checking account, you want to consider some key features that will make running your business easier. Here are a few basic must-haves:
- Low or No Fees: Who wants to pay for a monthly maintenance fee – if you don’t have to? Not you (that’s for sure.) So look for a bank that either has pretty low fees or zero fees!
- Accessibility: Can you access your supply of money everywhere? (Is there a mobile app?).
- All Day, Everyday Customer Support: The importance of this cannot be mentioned too many times. Having a great support system for your business checking account is a huge advantage. Particularly when things go awry. Look for accounts with 24/7 support.
Why Choose Bluevine?
Sure you could open a business checking account just about anywhere – but why not open it with a bank that also gives you some extra benefits that help you get all you can from a checking account for your enterprise? Bluevine is just such a place – they are all about business owners of whatever size and they give you some nice benefits like zero monthly fees and some pretty high interest on your balance! You get more than just another account to hold your money, you get a bank that lets that money work for you!
A Financially Sound Business
When it comes to running a business it is not just about having the money – it is also about where you keep the money! And yes – you have to think about this even if you are a business that is running out of your basement!
And there is no better place to keep your money and even protect it than in a business checking account – especially one like the one you can get at Bluevine! So why not start making some smart money decisions for your business at this very moment and head on over to Bluevine?
