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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: seabiker on September 04, 2018, 01:24:48 AM

Title: Best no-fee small business checking account?
Post by: seabiker on September 04, 2018, 01:24:48 AM
Can anyone recommend a straightforward no-fee business checking account? Here are some specifics on my situation:

-My business handles $3-5,000 per month, so not huge
-I don't plan to keep much cash in this account at any given time (say $500 at most)
-I want to be able to deposit checks to this account via mobile app
-I may be moving soon, so a local bank/credit union would not be ideal
-My personal checking accounts are Wells Fargo (I know...), and it looks like their Simple Business Checking account could be an option (https://www.wellsfargo.com/biz/checking/simple/) ...has anyone used this?

A few other banks I've looked into that seem to offer no- or low-fee business checking accounts, but not sure what might be best:
Beneficial State Bank (a B corp)
Cathay
US Bank
First Citizens Bank

Thanks for any suggestions!