Open a Business Account

​You should spend and receive money for your business under your business’ name, making it legally compliant and protected. This gives your business purchasing power, protection regarding your personal information, preparedness for emergencies, and professionalism. Do research with banks and types of accounts you’ll need so that you can choose an account with low fees and good benefits. It is important to keep note of interest rates, transaction fees, minimum balances, and all fees you may have to pay.