Best Business Checking Account For Startups & Bad Credit: High Approval Online Bank Account
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- Äas pĆidĂĄn 26. 07. 2024
- Best business checking accounts for small businesses, new businesses, and bad credit. Opening a business checking account at the same place you bank personally may not be the best option for your business.
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Iâve compiled a bank account for literally every type of business here, new business owners, seasoned business owners, those with bad credit, you name, Iâll be discussing it.
Business Bank Account Intro: (0:00)
How To Compare Business Checking Accounts: (1:05)
Best Business Checking Accounts For Startups: (2:23)
Best Business Checking Accounts For Bad Credit: (6:30)
Best Business Checking Accounts For Established Businesses: (8:56)
How To Open a Business Checking Account?: (10:07)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live). - ZĂĄbava
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Watch Next: Ultimate List of Small Business Grants - czcams.com/video/uGLukBDFGQo/video.html
I donât opp ođ§ opportunities will get up on on ip
Which one is your favorite account?
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What type of passive income have you had success with?
Institutional investment
Funny how I search for business checking account tips and the first video I come across is from one of my hs classmates! Great job Keran and LYFE!
Alexa please play Mike Jones âBack Thenâ đ«Łđ« đ«ą
@Wave Wipez I just gave a former classmate kudos. Relax.
@@ajfriall đ
I absolutely love watching you. I've learned so much
Understood everything you said. Thanks for making it plain. I'm ready to breakthrough.
The greatest at breaking things down and making it understandable with great video quality i be tell everyone about this channel
Thank you so much for the advice! Just opened up a blue vine account right after finishing your video đ
Thank you, your insights are appreciated!
Just stopped by to hit the like, great content.
That was great! Thank You đ
The information that you give is super helpful thank you keep up the great work!
Thank you for the great information.
Awesome information, thank you!
thank you so much for all the information you provide.
Thank you for all the free information
This is very informative thank you
Solid advice thanks for great overview and bonus tip about things needed at the end.
Glad it was helpful!
The best video! Easy to understand
Glad it was helpful! Thanks for supporting the channel.
Thank you for all the valuable information
We appreciate you watching.
Thanks for this!
Just wanted to say thank you and your videos are very well organized and very helpful. Please keep up the good work!
I appreciate that! Thanks for tuning in.
Nice breakdown brother!
Appreciate it!
Good job, very informationalđđż
Thanks for watching and supporting the channel.
Appreciate yall
We appreciate YOU Peter! Thanks for subscribing.
Thank you for this video! Great information as usual. You guys are awesome đ
Thanks. We try our best haha
Phenomenal phenomenal content thank you what bank would you recommend for ATM banking? (
And second chance if possible)
Awesome đđŸ
Love your clear and concise instructions.
Thank you for sharing!!
You are so welcome!
Thanks my Man
THANK YOU. đ€©
Thank you đđŸ
Your video was very informative. Thanks a lot
Glad it was helpful!
Thanks gor a great video. Any specific recommendations in Texas.
Thank youâșïž
Thank you very helpful.
Glad it was helpful! Thanks for watching.
Thank you !!
Thank you.
thank you so much
Awesome đđđđđ
THANK YOU,ALL
Thank you!
You bet!
New to your channel A thanks gor information! ~Alicia đđŸ
Thanks for subbing and happy to help!
Thanks bro
Thank you this is by far the best business bank account video on CZcams!! I love how you incorporated the what you need at the end. Thank you so much this is exactly what I was looking for.
Great information!!
Thanks for watching!
@@LYFEAccounting Thanks for sharing, you are appreciated.
Thank you
thank you!
You're welcome!
Thank Brody
Thank YOU for watching and subscribing.
Love seeing the diversity and inclusion within major educational & professional aspects of life! Keep being great king đȘđœ
So what you're trying to say (without saying it) is that you love seeing black people posting educational content on YT. I think you need a check up from the neck up.
LMAOđđđđđDiversity equates to mediocracy. No Thanks!
Thanks
best video i've come across in a long while.
I love the pace, i love the way the info was presented, well done!!
And what about Novo ?
Great video!
Great, great information as usual. Thank you.
Our pleasure. Thanks for your continued support.
Good video
Thanks for the watching!
Thank u
Great job!
I have a question.
Can you update now that BBVA is part of PNC.
Relay bank is a great one
"Second chance banks" lmao i like the name of it.
This is sooooooo true. I just changed my Buisness account
Love it. What bank did you end up switching to?
@@LYFEAccounting from Chase to BOA. Someone tried to hack my accounts. Chase caught it and froze all 5 of my accounts for over a week. Tenants could not pay my rent through Zelle and paychecks bounced. A nightmare. You gave sound advice about keep personal and Buisness at different banks.
@@tonyswifey7976 My Personal account is at BOA and my Business accounts are at Chase
@@keshastanford8413 when chase froze all my accounts I had no access to any of my funds for a week until lifted including charge cards. BOA minimum is $5000 versus $1500 for chase. Which is $2000 now. I kept all other accounts except my Buisness. The hack was an inside job but my Buisness suffered for a week. Iâm grateful they caught the hack. My private banker hated I moved my Buisness account. All my money was returned and everything was restored.
Great
Just a heads up that if you do any correspondence by PO box, Bluevine will not accept a PO box. Even as a mailing address if you canât get mail at your residence, no exceptions. Just experienced this today.
Just opened business account with PNC and was denied for credit card my Credit is 780 so I applied for chase ink and was approved đ€·đŒââïž
Greetings, did PNC buy out BBVA and are there any BOBanks that offer business accounts?
what about cash deposits for the online banking accounts?
Hi bro! Can you set up an LLC in nyc without doing a publication also?
I get this question all the time!! You all did a great job at breaking this down. Now I can just send people this video when they ask.
Glad we could be a resource for you and yours. Thanks for watching.
What do you think about kabbage bank account?
FYREEEEE
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The business banker might also ask you what your annual revenues are, so have an answer ready. They will not attempt to verify in any way, but they will put it in the system. Sometimes they also ask how much in cash deposits you plan on making monthly, so my recommendation is to say very little to none. If you say you will be depositing large amounts of cash ($10k+) per month, then they will flag your account. Banks also charge fees for cash deposits over a certain amount every month. They might also try to sell you an expensive business check package with rubber stamps, book, etc. Politely decline and just get the minimum business check order.
For the Mercury account can you transfer funds from another bank into the account since you can not deposit cash?
I have a question & what if you filed a bankruptcy chapter 7
Just open an LLC, what is the best inexpensive accounting software ?
Hi, Im a newbie to your videos. Your videos are very information. For a new business is it a bad idea to go straight for a chase business account.
Chase is absolutely good for a business 100 percent
Have you heard anything about cash hack program?
I'm a new subscriber and thanks for doing this. My question is, what do you recommend for a sole proprietorship business owner just starting out at home, who needs to separate their personal account from their business account?( selling 1 or 2 resellable items on eBay with no registered business/ llc or business name?)
Congrats on starting. You can simply use two different personal accounts. :)
@@LYFEAccounting , thank you! Didnât think of that!
Do you have a link for Chase?
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Did you say American Business Checking with bonuses!! What about Small Business Bank!!
The question is do you bank with any of these banks... where is your CZcams LLC account with?
@May Citadel I see he didn't respond to your question.
Oh I am going Credit Union for now :)
Love it!
Pen Fed is great
A big Con NBKC. You have to be a business in Kansas City.
No you donât
No lies detected here
Hellođđœ enjoyed the information here! However, Iâm stuck and indecisive đ€·đœââïž between the Blue Vine & Mercury⊠I guess I need a nudge of confidence to make this choice.. HELP?đ
@Goodness grace Gracious umm no thank youđđœ
I like Bluevine
hey iam a non resident and i have registered LLC in USA and i have EIN number as well, is there any way i can create business account ? which bank ? appreciate alot man ! :)
Great video, Iâm wondering if you can help me out. I live in Los Angeles and the taxes for LLC are high was wondering if I set it up in a state with lower fees would this be ok. I spent so much trying to get everything going wasnât able to and ran out of money owe taxes on a LLC I wasnât able to use. I want to start over in a more adorable state.
@LYFE: yes please, answer @Fiana Trotterâs question because I also live in Cali. And we have to pay $800 yearly for our LLC in the state of California.
@@lynh.2838 from what I heard for California because of the pandemic they had extended the $800 yearly fee for LLC to 2024 don't quote me on it but do your research first
Get a holding company first and then get a subsidiary underneath that
I live in canada and own an LLC in the usa for my real estate business. I do not have a USA ID but do have an EIN number for my LLC. How can i open a business checking account in the us? Thanks for the great video
Try Pen Fed I just got them itâs a credit union online banking they have great products
What about relay
FYI - Bluevine is not a bank.
Go out and get my own business
We donât have a Chase Bank in my area. What would be your next choice? We have PNC, TD bank, BOA and Wells
You honestly donât need it to be in your area to have it I have PenFed credit union their not in my area but they have great products for business thatâs why I use them
I have a question I just currently starting my construction business got my Llc and I been getting some cash and checks how do I do it to pay the workers in checks do I need a business checking account?
Yes a business checking would be great I use chase they give you checks with ur business banking account
Yes, you need a business bank account!
What you recomend to me, I have chase for my regular bank account, but I starting my business and I don't know if get chase business account for my company but separate from my personal account or you think the best choice is do my business account with other bank?
Compare what Chase is offering to other business bank accounts.
I have a chase business n personal account chase has great products for business I also just started using Pen Fed as well they are great
Definitely choose chase their great for business as well
Does bank ask for our LLC website , our Walmart store , linkin before they approve our business bank account?
You will need your EIN, business phone number, and business address.
Hi i have a non resident LLC startup online retailer business registered in Wyoming . Also have an EIN .Can i access business loans & credit card ?
Yes you can start with credit strong they have a product for building business credit they give you a 10k trade line as you pay monthly into it and they report your payment n trade lines to all three bureaus
It's 7 business days to get access to your money if you use Mercury Business Account to Deposit your checks. In my opinion that's too long!!!
How does this work for non profits !! Iâm new to all of this , please help
Hey! It works pretty much the same but some banks, like PNC, offer special accounts to non-profits. You will also be required to bring in your non-profit docs and adhere to FinCEN rules. Hopefully, that helps.
Is kabbage still on a wait list for new customers?
Hey! It does not appear to be on a waitlist at the moment.
Do you sign up with your business name or your own name if you have a LLC?
Business name.
Itâs always better to build ur business credit profile because itâs separate from your personal some use your personal credit to get approved for business lines of credit then sum use your business credit to build business credit profile use credit strong itâs great they give you a 10k trade line while your building business credit profile
What do you think about Relay and NOVO?
Novo bank is good
Have you heard anything about cash hack program?
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You mention at the start of the video that having a business account with the same bank you have a personal account, why? What are the cons to that?
I mentioned that it may not be the "best" option for you, as other banks may have better options and features.