Recommendations on Free Online Business Checking Account

Have you been on the lookout for a free online business checking account? It may be difficult for small businesses to find a truly free online business checking account. However, that is not to say that it is not available, all you have to do is knowing where to look. Even if it is not free, banks typically agree to waive monthly fee. With the condition that you meet a few criteria and maintain a certain balance.

What to look for in a business checking account

Before you go into the market in search for online business checking account, find as many information you can get. Knowing what to look for will undoubtedly make things easier. Not only will you be able to evaluate whether or not the checking accounts in question well-suited to your business. See the following section to find out.

· Cash deposit limits

If you are looking for an online bank, it’s worth noting that majority of online banks do not allow cash deposits. However, there are still some online banks that offer cash deposit with limits. For instance, you are only allowed to make deposit of 10,000-dollars in cash each statement cycle. Some of which are without incurring fees.

· Access to ATMs

If access to ATM is one of your priorities, bigger banks with extensive ATM networks are your best bet. It’s worth noting that majority of online banks do not support this feature, however they do offer ATM fee reimbursement. Keep reading to find other free online business checking account options.

· Transaction limits

Business checking accounts are typically subjected to transactions limits. The amount may vary from one bank to another, ranging from 100 transactions to 500 transactions. You may have to pay for each additional transaction.

Recommendations on business checking accounts

Wells Fargo, Chase, and Bank of America are three of the best major banks that offer business checking account. Not only offering a full-range of services, theey also offer massive networks with impeccable convenience. See the following comparison chart between them to decide which one is the best for them.

· Bank of America

o Monthly account maintenance fee: 14-dollars, waiver is granted for accounts maintaining at least 7,500-dollar balance.

o No-fee transaction limit: 200 transactions per month.

o No-fee cash deposit limit: 7,500-dollars per month.

· Chase

o Monthly account maintenance fee: 12 to 15-dollars, waiver is granted for accounts maintaining at least 1,500-dollar balance.

o No-fee transaction limit: see terms.

o No-fee cash deposit limit: see terms.

· Wells Fargo

o Monthly account maintenance fee: 15-dollars, waiver is granted for accounts maintaining 5000-dollar balance.

o No-fee transaction limit: 200 transactions per month.

o No-fee cash deposit limit: 10,000-dollars per month.