Business Bank Accounts: Articles and Tips - NerdWallet

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Business bank accounts FAQ

Do I need a business bank account when starting a business?

You might be tempted to use a personal bank account to start a business, but choosing a business account is virtually always the best way to go, largely because it helps you separate your personal finances from your business expenses.

Should I have only one business account?

While there's nothing wrong with having just one, there's no limit on the number of business bank accounts you can have. Some entrepreneurs may use different accounts to manage different goals, or to split funds among checking and savings vehicles.

How are business bank accounts different from personal bank accounts?

Business and personal bank accounts are alike in many ways, but business accounts often come with features meant to help entrepreneurs, like tax-planning tools, unique user and spending controls and the ability to receive credit card payments.