Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Friday, August 19th
NorthOne is an easy and quick way to deposit business cash, as it only takes a few minutes to open a deposit account. It's a fairly new bank, having been founded in 2017 and launched in 2019, and focuses on the needs of businesses as received from interviews of thousands of small business owners. It's a great little bank with good ideas and room to grow and improve.
With Axos you can get various business banking and savings accounts, each with its own sets of features, rules, and limitations. There's a lot to unpack with Axos, so you'll want to spend some time on their website and speak with a representative as you research your specific business banking needs. However, it has a large number of negative reviews (and almost no positive ones), so we suggest you steer clear of Axos for your business bank.
The answer to this question depends on a lot of factors. How mature is your business in terms of growth and revenue? How do your customers pay you? How do you pay your vendors? Do you expect to earn interest on the money you hold in your checking account? Can you afford to pay fees on transactions?
Access to cashflow is a big part of running your business. Without cashflow, you can't operate. So being able to deposit or withdraw money quickly, with the least amount of hassle, will partly determine whether you're successful in your entrepreneurial endeavors. For example, if you can't make payroll happen in the timeframe your employees expect, they will complain or even quit. Or, if you can't pay your bills on time, you'll be assessed fees and fines that put a dent in your bottom line.
When looking for a business bank account, you will want as many convenience options as you can find. You want a bank that works for you and improves your financial success, not one that makes you feel like you are working for the bank and that they keep taking your money.
We've broken down this review of business banking into several key criteria to compare between options. Not every bank has every option available, but these are among the most common we've found:
TopConsumerReviews.com has reviewed and ranked the most popular providers of business bank accounts available today. We hope this information helps you choose a bank that will make it easy and affordable to manage your money!
Select any 2 Business Bank Accounts to compare them head to head