Do You Need a Business Bank Account?

If you’re opening a new small business, you have a lot to manage. From creating a business plan to budgeting, tracking income and finding funding for your small business, there’s always something to work on — especially if you’re doing it all yourself.

While it might be tempting to hold off on a few non-urgent tasks, opening a business bank account early can make your job easier down the line. In fact, the U.S. Small Business Administration recommends opening one for all businesses as soon as it starts taking payments.¹

If you’re still unsure about whether you really need a small business bank account, you’re in the right place. Read on to learn how opening a business bank account can benefit your business.

References

¹U.S. Small Business Administration. (n.d.). Open a business bank account.