Free Checking Business Account Terms

Getting a  free checking business account with no monthly maintenance fee is a very real possibility. How do you know one of these free checking accounts is for your business? Well, if your small business regularly does no more than 150 transactions per month, then this type of small business checking account may be perfect for your needs.

Every online bank or brick and mortar bank will have some type of free checking business account. Getting free checking with your business account is possible if you search hard enough however. You will certainly find the perfect account that fits the needs of your business by checking online.  Since the devil is in the details of every checking account, you would be wise indeed to check the terms of your free checking business account before you open one. The following is typical of what to expect from most banks that work with small businesses in the current cautious and perhaps even restrictive banking environment today:

Minimum Daily Balance: $0

Monthly Maintenance Fee: $0

Negative Average Collected Balance Fee: Yes**

Interest Rates: none on current balances

Earnings Credit: No

Online Banking: Yes

Free checking business account with eStatements.
View account activity and loan balances online: Yes.
Transfer funds account to account: Yes
View and print images of your checks online: Yes
View and print your account statements Online: Yes
Update your personal or company profile: Yes
Download checking account statements to Quicken and QuickBooks or some other software programs: Yes

Mobile Banking: Yes, from almost anywhere in the USA, Canada, Europe or Asia

Mobile banking with a free checking business account is secure, free, and let’s you show off a little at many banks today.

Alerts: Yes

Most banks will offer free text or account activity email alerts. You can set up notifications that suit your business. Here is a typical sample of these business notifications:

Account and loan balance alerts.
Withdrawal and purchase alerts.
Foreign activity alerts.
Deposit alerts.
Payment due notifications.
Personal information change notifications.

Bill Pay is simple when banking online with most banks. Of course, most banks today make it easy for you to pay your bills. Sending payments quickly and securely online has never been as easy as it is today from almost anywhere. You can even:

Schedule recurring business expense payments for things like electricity, water, leases etc.
Schedule one–time payments for amounts that change each month like your gasoline costs or equipment repairs
Receive eBills in place of paper statements (optional)
A free checking business account is available at almost every bank whether your business is large or small or growing.
Sorting through the best ones for your own specific situation remains your job to do.