Small business checking account

[Carrie Zhang]

Which banks do most people prefer to use for their business account? And why? Thank you!

[Whitney Tyson]

Full disclosure, I work for one of the "big 4" banks and can tell you there are pros and cons to each and it depends on how you want to run your business. The first thought is that it is OK to have business accounts at more than one bank. Some people will have their main account at one, but have tenants deposit their rent into another bank. this makes it so a tenant never has your main account or even know where you do the majority of your banking. The main thing is that you want to go where you feel comfortable and where you think they will help your business grow.  I would say, look around, talk to whoever specializes in small business and see who feels like the right fit. keep us updated if you make a decision.