The 13 Easiest Banks to Get a Business Account Online in November 2022
Why would you ever want to open your business checking account in person? Not only is it time-consuming, but you’ll also need to bring multiple forms of ID and the business’s state charter. It’s just not worth the hassle when there are so many online banks that can make opening an account fast, easy, and convenient. That’s why we put together this list of the 13 best online banks to get a business checking account in November 2022. Here they are in no particular order...
1) Discover
It's been hard trying to find an easy way to get a business checking account online. I tried going through the banks and it seems like it never works out for me. At first, I would go with my bank but then they seemed to have too many requirements that weren't necessary for my business so I had no choice but to look elsewhere. That's when I decided not to just settle for any other bank because there had to be something better out there than this hassle. After some research, that's when I found these thirteen banks that seem promising. They all have different requirements but the best thing about them is that they're all free! With these thirteen options, you can finally get a business checking account online without any worries. You won't regret getting your own today!
2) Wells Fargo
Wells Fargo is among the best banks to get a business bank account online. You can open up your new account in just minutes with their convenient online app, which will walk you through the entire process of filling out paperwork and taking care of all the banking details. Wells Fargo also has offices throughout the United States where you can talk to live advisors and go over account options. And with free mobile deposits, free wire transfers, and no monthly fees for basic checking—only for premium checking—you're sure to find an offer that suits your needs. E-Trade: E*TRADE is one of the top-rated banks to get a business bank account online because it's so easy to set up! Head to their website and create an account. They'll walk you through everything else from there including setting up direct deposit, linking your e-trade brokerage (if applicable), adding employees, etc.
3) BB&T
BB&T is one of the easiest banks to open a business account with. They offer you many options for funding your account and can get your business set up online. The BB&T website also has great resources for new entrepreneurs, including detailed information about what types of accounts you'll need for your business and how to get set up as an authorized signer on the account.
BB&T also offers free checking, which is always great news for business owners looking to minimize their costs while they're still getting their company off the ground. You may also be able to qualify for an interest-bearing savings account with BB&T if you maintain a certain balance each month and have an average monthly balance of $10,000 or more.
4) PNC
PNC is one of the most easily accessible banks with lower fees and an open-in-under-30-seconds eBanking platform. Here are some of the perks that PNC has: low monthly account maintenance fee, no minimum balance, online mobile banking for remote deposits and transfers, and an Open Bank account with EIN only.
##Step 1: Open up your laptop or phone and head over to PNC's site. Log in with your username and password and select Open checking account.
##Step 2: Selecting Open checking account will take you to a new page, where you'll be asked if this is a sole proprietor, partnership, or LLC.
5) Regions
Businesses have been flocking to Regions Bank for years for their open bank account with online features. These features include no hidden fees, free funds transfers, and low opening deposits. Plus, if you sign up for paperless statements or automatic cash back, Regions will waive the $5 monthly statement fee. Other banks may offer more advanced or customized services than Regions does, but sometimes all you need is an open bank account online that won't charge you any fees!
6) SunTrust
SunTrust is one of the best banks to get a business account online. It has been around for over 150 years and provides commercial banking, brokerage, and more. There are no membership fees required so you can start using the account right away. Plus, the SunTrust app allows you to easily deposit checks with your phone and manage your account.
7) Fifth Third Bank
Fifth Third Bank is one of the best banks for opening a business account. With an open instant business bank account, you'll be able to start funding your account with funds transfers within five minutes. Fifth Third also offers a secure and private way to send and receive money while controlling who sees the information.
8) US Bank
Getting a business bank account online is easy if you get one from US Bank. It only takes 10 minutes and you'll be set up with checks and automatic deposit, meaning all your money will flow into your account automatically. Whether you're looking for cashier's checks, traveler's checks, or signature cards, it can all be done within one hour at the branch. Plus when opening up an account there's no need to worry about waiting or sending documents back and forth- just walk right in, speak to our banker, sign the forms, and boom!
9) M&T Bank
M&T Bank is one of the easiest banks to open a business account. They are well-known for their customer service, which makes it easy and quick to get the account set up. Plus, they have the most competitive rates on loans and deposits. Their business checking accounts come with no monthly fee, so you can keep your finances organized without adding extra costs. And if you're feeling especially organized, you can download their mobile app for easier access when you're on the go.
10) Citizens Bank
To open a bank account with ein only, Citizens Bank has built-in tools for you on its site. You can get started with just your email address and EIN number. Once you enter that information, the process gets much easier. It also includes features such as automated backups and data protection, FDIC insurance up to $250,000 per depositor account number per bank per account type, and new hire reporting through Online Banking. For any additional services (such as wire transfers), you can call customer service at 1-877-248-8812 or visit one of their 5,379 nationwide branch locations.
11) Chase
Chase is one of the best banks to get a business account because they have great options and they're easy to use. With Chase, you can open an account online, pay your bills with ease, and even deposit checks with just your phone. It's all part of their personal banking experience, which is why so many people choose Chase as their bank for both personal and business needs. Plus, when you open a Chase business checking account you can get an extra layer of security with fraud protection that starts at $150.
12) Huntington
Huntington is one of the best banks to get a business checking account online. They are pretty well-known for offering no-fee accounts that don’t require large deposits, as well as waived overdraft fees for new clients. Plus, you’ll love Huntington’s customer service agents; their offices operate 24/7, 365 days a year and the bank offers toll-free phone lines with bilingual representatives. With Huntington, your new small business is sure to get off on the right foot!
13) TD Bank
Business owners need to register a DBA with their state as soon as possible so they can start operating their businesses. If you don’t already have an account set up, TD Bank can help. It has an online application that only takes about 20 minutes, making this the easiest bank to get a business account online. The bank will send you all of the paperwork you need and will file your LLC with your state agency so long as you provide them with the information they request during registration. You can open your account right away or take it offline until you're ready to start using it by making it inactive on the application.
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