Category: Business

     

    Bb&t free business checking


    bb&t free business checking

    Hidden fees can pile up. Don't let your checking account be part of the problem. Find out which small business friendly bank account is good. Learn where to find find your full checking account and routing numbers on a check. BB&T has free business checking with a $250 opening deposit. I have been happy with them for the five years I've been using them.
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    Truist Small Business

    When determining your company’s financial health and profitability, there are more factors to consider than total earnings. Operating cash flow, or OCF, can be just as important—it measures the actual cash your business generates from the sale of a product or service, after deducting operating costs.

    Make $100,000 in sales last month? That’s what you’ll record on your income statement as revenue. But what if you’ve only been paid for half of those sales? Last month’s sales dollars will be on the books as $50,000.

    Then, some items (like depreciation of supplies) count as a net expense. So it’s possible for your business to have a net loss, but positive cash flow. Want a more accurate view of your business’s financials? Make sure you’re looking at operating cash flow.

    Ready to maximize your cash flow?

    Contact your local Truist banker for more information on business solutions, or visit Truist.com.

    Источник: https://www.truist.com/small-business

    BB&T, Now Truist, Review

    BB&T (Branch Banking and Trust Company) merged with SunTrust Bank to become Truist Bank in December 2019. While the two banks still operate as separate financial institutions, they’ll soon have a unified presence under the Truist brand, reportedly sometime in 2022.

    BB&T offers a wide range of financial services and products for individuals and businesses, including a suite of personal banking products. The Charlotte, North Carolina-based bank operates over 1,700 financial centers across 15 states and Washington D.C. BB&T has been headquartered in Winston-Salem, North Carolina, but is moving to Charlotte under the merger.

    BB&T product details, rate and fee information may vary by location. We used North Carolina for the purposes of this review, since that’s where the bank is headquartered.

    This review focuses on BB&T’s personal banking services. Account details and annual percentage yields (APYs) are accurate as of Sept. 21, 2021.

    Account Basics

    Checking

    The primary bank account for transactions is your checking account. BB&T offers five checking accounts to meet varying customer needs: BB&T Fundamentals, Bright Banking, Student Checking, Senior Checking and Elite Gold.

    BB&T Fundamentals. This basic checking account requires a $50 minimum opening deposit and has no ongoing balance requirement. It does, however, come with a $5 monthly maintenance fee that can’t be waived. The Fundamentals account comes with a debit card and fee-free ATM use at BB&T ATMs. BB&T charges a $3 fee for out-of-network ATM use (plus any fees charged by the ATM owner).

    Bright Banking. Bright Banking is another basic checking account, but this one offers two ways for customers to avoid its $12 monthly fee. You can avoid the fee by keeping an average balance of $1,500 or by receiving direct deposits of $500 or more each statement period. A $50 minimum opening deposit is required to open an account.

    Student Checking. Student Checking accounts are for students ages 23 and under. The account features no minimum opening deposit and no monthly fees. Student Checking also waives fees on the first two out-of-network ATM transactions per statement cycle.

    Senior Checking. Senior Checking is for individuals at least 55 years of age. There is a $100 minimum deposit requirement to open an account, but it comes with perks. You have the option to personalize your debit card. Also, the account comes with free wallet-style checks with a BB&T design—there’s a $6 discount on other designs. The account charges a $10 monthly maintenance fee, but it’s waived if you keep a $1,000 average balance or have $500 in combined direct deposits each statement period.

    Elite Gold. Elite Gold is an interest-bearing checking account with plenty of extra benefits. The account currently earns just 0.01% APY on all balances, but it comes with other perks like:

    • Official checks
    • Bonus rates on CDs and IRAs
    • Two overdraft protection transfer fees waived per statement period
    • Waived fees on the first four out-of-network ATM transactions per statement period

    Elite Gold has a $30 monthly fee, waived with a $25,000 combined personal deposit or investment balance or a BB&T mortgage loan of at least $150,000.

    Savings

    BB&T offers three primary savings accounts for its customers: eSavings, Investor’s Deposit Account and Young Savers.

    eSavings. This online-only savings account is no-frills. It features no monthly fee, no minimum balance requirements and no minimum opening deposit requirement. Unfortunately, the account only earns 0.01% APY on all balances, much lower than you can earn with a high-yield savings account at many online banks.

    Investor’s Deposit Account. BB&T’s Investor’s Deposit Account is a premium savings account that requires a $10,000 minimum opening deposit. Like most BB&T accounts, it earns a low interest rate, currently at 0.01% APY on all balances. You must keep a $10,000 minimum balance to avoid the account’s $15 monthly fee.

    Young Savers. Young Savers is an account for kids under 18 years old. It allows for unlimited deposits, withdrawals and transfers at BB&T ATMs and branches. There’s no minimum deposit requirement to open an account. It also comes with no monthly fee or inactivity fee.

    Money Market

    BB&T is also home to the High Performance Money Market Account. A money market account (MMA) is a type of bank account are bananas good for you uk typically offers competitive rates, like a high-yield savings account, plus popular features of a checking account, like a debit card and check-writing privileges.

    The High Performance Money Market Account currently earns 0.01% APY on all account balances, well below what you can find with the best money market accounts. Opening a money market account requires a $100 minimum deposit. There’s also a $12 monthly maintenance fee attached to the account, although you can get it waived by keeping a $1,000 minimum balance. Money market accounts come with unlimited deposits, transfers and withdrawals at BB&T branches and ATMs but are subject to other transaction limits for online, telephone and automatic transfers and withdrawals.

    CDs

    There are several available BB&T certificates of deposit (CDs), depending on your needs. Unfortunately, most of its CDs rates aren’t competitive with the best CD rates on the market.

    Personal CDs. BB&T Personal CDs come in 16 term lengths, ranging from seven days to five years. Between seven and 31 days, CD terms require a $2,500 minimum deposit, but longer terms only require $1,000 to open. Currently, all Personal CDs earn 0.01% APY, regardless of term length and account balance.

    Can’t Lose CDs. Can’t Lose CDs allow you to either add funds to your CD at your current rate or lock in a higher rate with a new CD. This CD is only available in a 30-month term and requires a $1,000 minimum deposit. You can deposit an additional $10,000 after the first 12 months of your term have passed. A Can’t Lose CD allows for one penalty-free withdrawal after the first 12 months of the term. Currently, it pays 0.01% APY on all balances.

    Stepped Rate CDs. This CD option comes with a guaranteed interest rate increase once a year, every year during your term. Stepped Rate CDs are only available in a 48-month term and require a $1,000 minimum deposit. You can also add one additional deposit, up to $10,000, per year. Another perk included with Stepped Rate CDs is one penalty-free withdrawal 24 months after the initial deposit.

    Here’s an overview of BB&T’s Personal CD Rates:

    Other Accounts and Services

    Besides its personal deposit accounts, BB&T also offers the following financial products and services:

    • Health Savings Account (HSA)
    • Prepaid cards
    • Credit cards
    • Mortgage loans
    • Home equity loans
    • Home Equity Lines of Credit (HELOCs)
    • Auto loans
    • Personal loans
    • Investment products and services
    • Retirement accounts
    • Coverdell Education Savings
    • Personal insurance
    • Small business banking and lending
    • Commercial banking and lending
    • Wealth management services

    Access on the Go

    BB&T accounts are accessible online or through its mobile app, U by BB&T. The highly rated app is available on the App Store (4.8 stars out of 5) and Google Play (4.6 stars out of 5). The app offers many of the banking app features you would expect, like:

    • Account management
    • Mobile check deposit
    • Bank transfers
    • Bill pay
    • Email and text payments
    • Card lock
    • Budgeting
    • Branch and ATM locator

    Online account management includes helpful tools like free credit score monitoring, transaction categorization, budgeting tools and goal setting and tracking.

    General phone support is available for BB&T customer service by calling 800-226-5228 during business hours. Customers can also log in to their account online and send a secure message.

    Pros

    • Relatively low minimum open deposit requirements
    • No monthly fee with the online savings account
    • Highly rated mobile app

    Cons

    • Interest rates on most deposit accounts aren’t competitive
    • Physical branches only in 15 states and Washington D.C.
    • High overdraft fees—$36 per overdraft

    How BB&T Stacks Up

    BB&T is a good choice for individuals looking for a bank that offers in-person and online banking in areas where BB&T does business. None of its deposit accounts offer competitive interest rates, but the bank provides a full assortment of accounts that serve a wide range of customer needs. Many of BB&T’s accounts feature low monthly fees and ways to waive fees easily. But those looking to build savings through higher interest rates may want to look elsewhere.

    Frequently Asked Questions (FAQs)

    Yes, BB&T is FDIC insured as Truist Bank (FDIC# bb&t free business checking. All BB&T accounts are FDIC insured up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

    Yes, BB&T employs the latest encryption technology and other security measures to protect customers’ personal and financial information.

    What is required to open a BB&T account?

    You can open an account online through BB&T’s website, by branch or by phone. You’ll need to provide personal information to confirm your identity, like your social security number, date of birth, physical address and a government-issued photo ID. You’ll also need a way to fund fcbc hokkien sermon account at the time of opening.

    How do I reach a live person at BB&T?

    You can reach BB&T customer support by calling 800-226-5228 during business hours. You can also visit a branch, send a secure message via the bank’s online portal or tweet the bank at @BBT.

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    Источник: https://www.forbes.com/advisor/banking/bbt-now-truist-review/

    Other Fees

    LifeGreen Business Simple Checking®

    Returned Items, Early Account Closing, Stop Payment, Returned Deposit Item, Overdraft Protection Transfers & Paid Overdraft Item. See Pricing Schedule for additional fees that may apply.

    Advantage Business Checking

    Returned Items, Early Account Closing, Stop Payment, Returned Deposit Item, Overdraft Protection Transfers & Paid Overdraft Item. See Pricing Schedule for additional fees that may apply. money banner

    Business Interest Checking

    Returned Items, Early Account Closing, Stop Payment, Returned Deposit Item, Overdraft Protection Transfers & Paid Overdraft Item. See Pricing Schedule for additional fees that may apply.

    LifeGreen Business Checking®

    Returned Items, Early Account Closing, Stop Payment, Returned Deposit Item, Overdraft Protection Transfers & Paid Overdraft Item. See Pricing Schedule for additional fees that may apply.

    LifeGreen® Not-for-Profit Checking

    Returned Items, Early Account Closing, Stop Payment, Returned Deposit Item, Overdraft Protection Transfers & Paid Overdraft Item. See Pricing Schedule for additional fees that may apply.

    Источник: https://www.regions.com/small-business/business-checking/compare-business-checking-accounts

    8 Best Small Business Checking Accounts for 2022

    With all of the options available, choosing the best small business checking account for your business can be daunting. To narrow your search, focus on the key aspects that are most important to you. Whether you prefer to conduct your us bank mortgage customer service phone number in person or online, you’ll want to review transaction and cash deposit limitations, account fees, interest-earning potential, and additional support features of the account you’re considering. So, while you’re shopping for a business checking account, explore how each bank can help you keep more of your earnings and support you as your business grows.

    We’ve selected the seven best small business checking accounts:

    • Chase: Best overall for small business checking
    • Capital One: Best for unlimited everyday transactions
    • BlueVine: Best for earning interest on deposits
    • Bank of America: Best for ongoing rewards and low cash deposit fees
    • Mercury: Best for digitally based business owners
    • U.S. Bank: Best for businesses with low transaction volumes
    • First Internet Bank: Best for full-service online banking
    • Novo: Best for free ATM usage

    Chase Bank: Best Overall for Small Business Checking

    Chase Bank

    CHASE Bank

    What We Like

    • $300 bonus when you open an account
    • Easy to waive monthly fee
    • Built-in card acceptance with QuickAccept℠ via the Chase MobileⓇ app

    What's Missing

    • Limited number of free transactions
    • ATM fees are not reimbursed
    • Fee for cash deposits of more than $5,000 per statement period

    Additional Features

    • Manage debit, deposit, and ATM card settings for individual employees
    • Deposit checks, view account balances, pay bills, and make transfers through the mobile app
    • Integrates with QuickBooks and other leading accounting software

    Visit Chase

    As one of the oldest banks in the nation, Chase maintains a reputation for prioritizing its customers’ needs. While it offers three different checking accounts, we selected Chase’s Business Complete BankingSM account as the best fit for small businesses. It offers unlimited electronic deposits and transfers and 20 free transactions per month, all for a nominal $15 monthly maintenance fee that can be waived easily―see below under Fees & Terms. As an added perk, you can receive a $300 bonus if you open a new account online or in-person and complete qualifying activities.

    When to Choose Chase Business Complete CheckingSM

    • You want a bank that offers a full suite of banking services
    • Your banking needs include making frequent cash deposits
    • You prefer the option of in-person banking

    Fees & Terms

    • Monthly fee: $15—waived if you meet one of the following criteria:
      • Maintain a minimum daily balance of $2,000
      • Spend at least $2,000 in purchases―minus returns or refunds―using your Chase Ink® Business Cards
      • Deposit $2,000 into your Chase checking account from your QuickAccept℠ and/or other eligible Chase Merchant Services transactions at least one business day before the last day of your bank account statement period
      • Maintain a linked Chase Private Client Checking℠ account
    • Transaction fee: First 20 free, then 40 cents per transaction
    • Cash deposit fee: $2.50 per $1,000 after you deposit $5,000 in a billing cycle
    • ATM fee: $2.50 per transaction at any non-Chase ATM, plus ATM operator fees
    • Minimum deposit: None
    • Minimum balance: None

    Why We Like It

    In addition to its business checking accounts, Chase offers a wide selection of business banking products—business savings accounts, credit cards, lines of credit, and point-of-sale (POS) and software solutions—making it our top choice for the best bank for small businesses. With its many product offerings, you can expand your financial relationship easily to help fulfill your financial goals. As your business scales, you can conveniently meet with a Chase representative at one of the thousands of branch locations nationwide to discuss further banking opportunities.

    Capital One: Best for Unlimited Everyday Transactions

    Capital One

    Capital One

    What We Like

    • Unlimited transactions
    • Easy ATM access
    • Low or no monthly fee

    What's Missing

    • Requires $250 opening deposit
    • Accounts can not be opened online
    • Account doesn’t earn interest

    Additional Features

    • Pay bills, track accounts, transfer funds, and deposit checks with the mobile app
    • Integrates with Xero and other top accounting software
    • Free overdraft protection when linked to another small business deposit account

    Visit Capital One

    Note: Capital One currently requires that you visit a branch to complete bb&t free business checking application to open a business checking account. There are branch locations in Virginia, Texas, New York, New Jersey, Maryland, Louisiana, and Washington, D.C.

    Capital One is one of the few brick-and-mortar banks in the nation that doesn’t charge fees for everyday checking account transactions. With its Spark Business Basic Checking, you get unlimited deposits, withdrawals, and transfers—not including international wires, cashier’s checks, and other services—with no restrictions. However, if you make a lot of cash deposits, you’ll be charged $1 for every $1,000 after depositing $5,000 in a single month.

    When to Choose Capital One Spark Business Basic Checking

    • Your business is located near a Capital One branch
    • Your business does a large number of transactions
    • You require the ability to make large cash deposits

    Fees & Terms

    • Monthly service fee: $15—waived if you maintain a $2,000 minimum 30- or 90-day average balance or have two other Capital One accounts
    • Transaction fee: Unlimited free transactions
    • Cash deposit fee: Up to $5,000 per bb&t free business checking free—$1 for every $1,000 after that
    • ATM fee: None at more than 39,000 Allpoint ATMs nationwide
    • Minimum deposit: $250
    • Minimum balance: None to maintain the account

    Why We Like It

    If one of your financial goals is to save funds by not paying unnecessary fees, Capital One’s Spark Business Basic Checking is a great choice. While this account does have a nominal monthly fee, it’s easy to meet the requirements to have the fee waived. This checking account is the only one on our list that offers both in-person banking as well as unlimited free transactions. It’s so easy to save on fees with this straightforward account, named one of the best business checking accounts for limited liability companies (LLCs).

    Bluevine: Best for Earning Interest on Deposits

    Bluevine

    BlueVine Logo.

    What We Like

    • No monthly fee
    • Fee-free transactions
    • 0.60% annual percentage yield (APY) on balances up to $100,000

    What's Missing

    • No introductory bonus
    • No physical branches
    • Cannot request additional debit cards for employees

    Additional Features

    • Integrates with accounting software, such as QuickBooks Online, Wave, and FreshBooks
    • Connects with ecommerce solutions Stripe, PayPal, and Expensify
    • Live customer support

    Visit BlueVine

    BlueVine provides an online-only business banking platform. One of its most compelling features is its checking account that offers 0.60% APY on balances of up to $100,000. This is one of the highest yields in the nation, with no monthly fees, penalties, or minimum balance to maintain. Check deposits can be made via the mobile app and cash is accepted at more than 90,000 Green Dot retail locations nationwide—a $4.95 fee will apply to each Green Dot deposit.

    When to Choose BlueVine Business Checking

    • You want to earn interest on your business checking account
    • You receive the majority of your funds electronically
    • You occasionally need to make cash deposits

    Fees & Terms

    • Monthly fee: None
    • Transaction fee: None—offers unlimited transactions
    • ATM fee: No fees at more than 38,000 MoneyPass ATM locations nationwide
    • Minimum initial deposit: None
    • Minimum balance requirement: None
    • Ongoing APY: 0.60% on balances up $100,000 (no interest earned on balances over $100,000)

    Why We Like It

    BlueVine’s interest-bearing checking account with unlimited transactions makes it a highly desirable choice for any business owner who wants an easy-to-use, straightforward account. Its ease of use means more time to focus on your business. Without any branch locations or weekend customer support, it’s best for business owners who are comfortable using an online-only platform.

    Bank of America: Best for Ongoing Rewards and Low Cash Deposit Fees

    Bank of America

    Bank of America logo

    What We Like

    • 200 free transactions per month
    • Free digital tools to track business performance
    • Ongoing rewards

    What's Missing

    • Cash deposits fees charged per $100 bb&t free business checking monthly allowance
    • Doesn’t offer ATM fee reimbursements
    • Requires a $100 opening deposit

    Additional Features

    • Deposit checks, view accounts, make transfers, and pay bills with the mobile app
    • Credit card processing and payroll services through ADP
    • Monitor, a cash management tool, lets you connect accounting, analytics, and payroll apps to help you make business decisions

    Visit Bank of America

    Bank of America’s business checking account has two settings: Business Advantage FundamentalsTM Banking and Business Advantage Relationship Banking. As your banking needs change, you can switch from one setting to the other. The FundamentalsTM setting includes Cash Flow Monitor®, Erica®—Bank of America’s artificial intelligence (AI)-driven virtual financial assistant—and Zelle®. The Relationship setting gives you all the same tools, plus QuickBooks integration, additional checking and savings account options, no fees for incoming wires, and more.

    Both settings are eligible to enroll in Bank of America’s Preferred Rewards for Business program, which offers significant rewards and discounts for no additional fee. To qualify for this ongoing no-fee rewards program, you’ll need an active Bank of America personal checking account and a three-month combined average daily balance of $20,000 or more in Bank of America business deposit accounts and/or Merrill business investment accounts.

    When to Choose Bank of America’s Business Checking Account

    • Your business deposits large amounts of cash monthly
    • You do a lot of your business banking in person
    • You want to use the same bank for both your personal and business accounts

    Fees & Terms

    • Monthly fee:
      • FundamentalsTM account setting: $16—waived if you meet one of the following criteria during each checking statement cycle:
        • Spend $250 on new net purchases with your Bank of America business debit, credit card, or charge card
        • Maintain a $5,000 combined average monthly balance
        • Become a member of Preferred Rewards for Business—first four checking accounts per enrolled business
      • Relationship setting: $29.95—waived if you bb&t free business checking a $15,000 combined average monthly balance
    • Transaction fee:
      • No fee for the first 200 transactions (500 transactions for the Relationship setting), then 45 cents per item
      • No excess transaction fee for automated clearing house (ACH), debit card transactions, online bill pay, electronic debits, and checks deposited through remote deposit online
    • Cash deposit fee:
      • FundamentalsTM account setting: Deposit up to $7,500 with no cash deposit processing fee, then 30 cents per $100 per statement cycle
      • Relationship account setting: Deposit the first $20,000 with no cash deposit processing fee, then 30 cents per $100 per statement cycle
    • ATM fee: Free access to more than 16,000 ATMs nationwide—$2.50 per transaction on out-of-network ATMs
    • Minimum deposit: $100
    • Minimum balance: None

    Why We Like It

    Few business checking accounts offer generous rewards. With Bank of America’s Preferred Rewards for Business, you gain access to a 25% to 75% rewards bonus on credit cards, a 5% to 20% interest rate boost on savings accounts, interest rate discounts walmart money card balance espanol lines of credit and other loans, no fees on select banking services, cash back on payroll service fees, and free financial analysis from a Merrill financial advisor. We selected the Business Advantage FundamentalsTM Banking account as one of the best bank accounts for self-employed professionals.

    Mercury: Best for Digitally Based Business Owners

    Mercury

    Mercury - Main

    What We Like

    • No minimum deposit to open an account
    • Physical and virtual debit cards
    • Access multiple business entities with a single sign-on (SSO)

    What's Missing

    • Accounts not available to sole proprietorships
    • Lacks paper check-writing abilities
    • Accounts don’t earn interest

    Additional Walmart money card balance espanol integrate with major accounting software
  • Set custom user permissions for your team members
  • Create auto-transfer rules for your accounts
  • Integrates fully with QuickBooks and Xero accounting software
  • Visit Mercury

    Mercury is a fully online banking platform geared towards internet-based businesses and business owners. This checking account is entirely fee-free—even domestic and international wire transfers are free. With its extensive mobile and desktop applications, you can customize permissions, request physical and virtual debit cards for your team, and set up customized account automations easily. To be eligible for a Mercury account, your business must be incorporated in the United States—Mercury is unable to provide accounts for sole proprietorships.

    When to Choose Mercury’s Business Checking Account

    • Your business is incorporated as its own legal entity
    • Your business income and expenses are handled electronically
    • You don’t have cash transactions and you infrequently pay by check

    Fees & Terms

    • Monthly fee: None
    • Transaction fee: None
    • Cash deposit fee: N/A—Bank doesn’t accept cash deposits
    • ATM fee: No charge for out-of-network ATMs, although operator fees apply—free access to Allpoint ATM network (55,000 locations worldwide)
    • Minimum deposit: None
    • Minimum balance: None

    Why We Like It

    While fee-free banking is a great perk of having your business checking account with Mercury, one thing that sets this company apart is that those that own multiple businesses can access their various accounts through a single sign-on. With the click of a button, you can toggle from one business to the next, and custom user permissions allow you to grant varying levels of access to your bookkeeper, employees, and partners. Additionally, by being a Mercury customer you’re granted access to a variety of perks and rewards that include discounts on various software, insurance, and financial consulting

    U.S. Bank: Best for Businesses With Low Transaction Volumes

    U.S. Bank

    U.S. Bank

    What We Like

    • No monthly fee
    • Free mobile check deposits
    • Apply in person, online, or by phone

    What's Missing

    • No introductory bonus
    • Limited free transactions
    • Limits on cash deposits

    Additional Features

    • Zelle® to send and receive money
    • Digital invoicing and payment systems integrated into your online dashboard
    • Mobile app to monitor all of your accounts, transfer funds between accounts, and deposit checks online
    • Easy integration with overdraft protection or credit card processing services for your business

    Visit U.S. Bank

    You can avoid fees easily with U.S. Bank’s Silver Business Checking bb&t free business checking. If your business does less than 125 transactions per month and less than $2,500 in cash deposits per month, you can conduct business almost entirely fee-free. The Silver account is a good choice for freelancers or small businesses that have limited transaction activity and no need to make large cash deposits.

    U.S. Bank also bb&t free business checking Gold and Platinum accounts for more mature businesses with higher numbers of transactions and cash deposits, and a Premium account for those with more complex banking needs. There’s also a specialty account designed for nonprofits that has no monthly maintenance or balance fees—because of this unique nonprofit offering, we’ve named U.S. Bank the best overall bank for nonprofit organizations.

    When to Choose U.S. Bank’s Business Checking Account

    • You only need a basic business checking account
    • Your cash deposits don’t exceed $2,500 per month
    • You have less than 125 banking transactions per month

    Fees & Terms

    U.S. Bank’s Silver Account

    • Monthly fee: None
    • Transaction fee: 50 cents per transaction after the first 125 transactions in a month
    • Cash deposit fee: None—limited to $2,500 in cash deposits each month
    • ATM fee: No charge for out-of-network ATMs, although operator fees apply—free access to more than ulta pay my bill online ATMs nationwide and free withdrawals from 25,000-plus MoneyPass ATMs
    • Minimum deposit: None
    • Minimum balance: None

    U.S. Bank’s Gold Account

    • Monthly fee: $20—waivable if you meet minimum requirements
    • Transaction fee: 45 cents per transaction after the first 300 transactions in a month
    • Cash deposit fee: None on the first $10,000 in cash deposits each month
    • ATM fee: No charge for out-of-network ATMs, although operator fees apply—free access to more than 3,200 ATMs nationwide and free withdrawals from 25,000-plus MoneyPass ATMs
    • Minimum deposit: None
    • Minimum balance: None

    Why We Like It

    U.S. Bank offers multiple business checking account options, allowing you to choose the one that best suits your bb&t free business checking needs. For businesses with low transaction volumes that want a straightforward business account, you can’t go wrong with the Silver Account. As your business grows or your transaction needs change, you can upgrade to one of the other U.S. Bank business accounts.

    First Internet Bank: Best for Full-service Online Banking

    First Internet Bank

    First Internet Bank

    What We Like

    • Fee-free banking
    • Up to $10 refund for ATM fees
    • Selection of business deposit accounts

    What's Missing

    • APY only available with average daily balance of $10,000
    • No cash deposits
    • No physical branches

    Additional Features

    • Other business bank accounts available, including savings, money markets, and certificates of deposit (CDs)—savings accounts ranked among the best

    Visit First Internet Bank

    First Internet Bank operates as a full-service online bank. It offers many ways to save through its Small Business Checking account with no minimum balance requirement, no monthly service fee, and unlimited transactions. Its interest-earning account yields 0.30% APY if you maintain an average daily balance of $10,000. Both its online banking and the mobile app are robust and highly rated.

    When to Choose First Internet Bank’s Business Checking Account

    • You want to earn interest on your business checking account and your average daily balance exceeds $10,000
    • You want to build a business banking relationship that extends beyond a checking account, but don’t require in-person services
    • You want to have your personal and business accounts in one place

    Fees & Terms

    • Monthly fee: None
    • Transaction Fee: None—offers unlimited transactions
    • ATM fee: None—reimburses up to $10 per month in ATM fees
    • Minimum deposit: $100
    • Minimum balance: None
    • Ongoing APY: 0.30% on balances of $10,000 or more

    Why We Like It

    Not only can you earn interest on its small business checking account, but First Internet Bank also offers competitive rates on business savings accounts, business CDs, and a variety of loans. If you’d like to keep all your finances in one place, it also offers small business lending options—including commercial real estate loans—and provides personal accounts like checking, savings, money market, credit cards, CDs, and mortgages. The variety of loan products and banking services that First Internet Bank offers is why we named it as one of the best banks for real estate investors.

    Novo: Best for Free ATM Usage

    Novo

    Novo

    What We Like

    • All ATM fees refunded
    • Discounts on business software
    • Unlimited free transactions

    What's Missing

    Additional Features

    • Integrates with POS systems and other business tools, including QuickBooks, Slack, Xero, Stripe, Wise, and Shopify
    • Deposit checks directly through the mobile app
    • Online banking includes unlimited invoicing and bill pay

    Visit Novo Bank

    If you often use an ATM to access your business funds and don’t need the in-person services of a brick-and-mortar bank, Novo might be the right choice for your business. Although 24 hour care at home for elderly doesn’t america first customer service an associated ATM network, you’ll be reimbursed for all ATM fees at the end of each month. Access your funds wherever and whenever you want without worrying about unwanted ATM fees reducing your balance.

    When to Choose Novo’s Business Checking Account

    • You frequently utilize ATMs for business purposes
    • You rarely make cash deposits—your income stream is electronic
    • You want to integrate your business checking account with other online business platforms

    Fees & Terms

    • Monthly fee: None
    • Transaction fee: None
    • Cash deposit fee: None—cash is deposited through money orders
    • ATM fee: Refunds all ATM fees
    • ACH fee: None
    • Minimum deposit: None
    • Minimum balance: None

    Why We Like It

    Refunded ATM fees aren’t the only perk of Novo’s business checking account. If your business uses third-party apps for accounting and ecommerce payments, such as Wise, Slack, Xero, Stripe, QuickBooks, and Shopify, Novo sets you up for easy integration. You can save money with significant discounts on licenses and packages for business services, including Gusto, Zendesk, HubSpot, and Salesforce. Novo has a strong reputation for innovation and is one of the best banks for startups.

    How We Evaluated the Best Small Business Checking Accounts

    To determine the best selection, we considered dozens of small business checking accounts that britannica great books of the western world ebay minimal fees, provide strong support, and offer many routing number chase bank washington state important to small business owners. We compared APYs, maintenance fees, initial deposit and minimum balance requirements, branch and ATM availability, online and mobile banking features, and additional account perks for each bank.

    Reasons to Consider a Business Checking Account

    • Keep your business and personal finances separated: To maintain the integrity and accuracy of your business’s financial records, it’s important to keep your business and personal finances separate.
    • You’ll build your business’s credit: When you open a business bank account, credit bureaus begin tracking credit history for your business.
    • You can assess your business’s performance more easily: With your income and expenses running through a dedicated account, it becomes easier to analyze your business’s performance.
    • It lends credibility to your business: Customers will see your business as more trustworthy when payments come from a business account.
    • It helps simplify tax season: Using a business checking account helps maintain a record of income and expenses, simplifying your tax preparation at the end of the year.
    • You can build a banking relationship: Building a banking relationship can be beneficial if you need business financing in the future.

    What You Need to Open a Small Business Checking Account

    Many banks require the following items. Be sure to confirm if the account can be opened online or if you need to visit a branch to fill out the application:

    • Employer identification number (EIN) or Social Security number if you’re a sole proprietor
    • Fictitious business name certificate or doing-business-as (DBA) certificate
    • Business formation documents
    • Organization documents, including your ownership agreements
    • Business licenses
    • Government-issued photo ID, such as a passport or driver’s license

    Bottom Line

    When choosing the best small business checking account for your business, select one that works as hard as you do to grow your earnings by avoiding fees and other costs. Determine which account features are important to you and select an account that can support your goals. If you need bb&t free business checking deciding what type of account to open, check out our article on opening a business bank account.

    Источник: https://fitsmallbusiness.com/best-small-business-checking-account/

    Truist Bank Review: Affordable Opening Deposits and Low Monthly Maintenance Fees

    Reviews / Banking

    GOBankingRates Score

    Quick Take:Truist Bank may be the new kid on the block, but that's in name only. The bank is the result of the merger of two other well-known financial institutions. With a large network of branches, low minimum opening deposits and the opportunity to waive account fees, Truist Bank might be a good choice for people who want access to affordable banking products and services with the convenience of either banking online or in person.

    • Minimum Opening Deposits
    • Monthly Maintenance Fees
    • Customer Service
    • Branch Availability

    How did we calculate this?

    Pros

    • Large network of branches
    • Waivable monthly maintenance fees
    • Variety of CD terms
    • Affordable minimum opening deposits

    Cons

    • Higher APYs are available elsewhere
    • High overdraft fee

    About Truist Bank

    Truist Bank is the product of a $66 billion merger between BB&T Corp. and SunTrust Banks Inc. that was completed in December 2019. Truist Bank currently bb&t free business checking 2,781 branches across 15 states and in Washington, D.C., which makes it one of the largest banks in the United States, in line with the likes of Bank of America, Chase and Wells Fargo.

    GOBankingRates’ Best Banks of 2022 rankings named Truist Bank in the categories of Best Money Market Accounts, Best Regional Banks and Top 100 Banks. See how these accolades help Truist Bank stand out from other big banks in the nation.

    Checking Accounts

    Truist offers five different checking options. Here are the details for each.

    Truist Dimension Checking

    The bank’s Dimension Checking account requires a minimum $50 opening deposit and a $20 monthly maintenance fee. However, there are options to waive the fee: Make at least $3,000 in qualifying direct deposits, maintain a combined monthly balance of at least $10,000 or have a related personal Truist credit card, mortgage, consumer loan or a linked Small Business Checking account.

    With this account, you can open up to four other free checking accounts. Additionally, the account offers a $25 discount on any safe deposit box and complimentary checks and money orders. Plus, this is a rewards checking account, so the higher your account balance, the better rewards you’ll receive in the form of credit card loyalty bonuses, discounted Delta SkyMiles Debit Card annual fee and free out-of-network ATM transactions.

    Truist Bright Checking

    Like Dimension Checking, Bright Checking also requires a $50 minimum opening deposit, but it has a lower monthly maintenance fee of $12. The $12 fee can be waived by making at least $500 in qualifying direct deposits or maintaining an average ledger balance of $1,500 per statement cycle. This basic account is one to consider for everyday financial needs; it doesn’t pay interest or offer rewards.

    Truist Fundamental Checking

    The Fundamental Checking account lives up to its name. Truist recommends this account for people who want a simple and affordable checking account and generally have a lower monthly checking balance. Like the Dimension and Bright checking accounts, this account requires a $50 minimum opening deposit and has a low $5 monthly maintenance fee, which is not eligible to be waived. No interest or rewards are included with this account.

    Truist Student Checking

    Designed for students age 23 and younger, the Student Checking account has no minimum opening deposit or monthly maintenance fee, which makes it easy to open and maintain. As a perk, the account comes with a customizable debit card.

    Truist Money Account

    The Truist Money Account, which is a reloadable prepaid debit card, requires no minimum opening deposit and no additional bank account. You can use this account as a companion to an existing bank account and digitally transfer funds to and from the reloadable card whenever you want. The account does have a $5 monthly maintenance fee, which can be waived if you load at least $500 a month onto the card. Plus, you can earn cash back by taking advantage of select merchant discounts that are part of the account.

    Savings Accounts

    Truist Bank has one savings account, which stands out among options offered by bb&t free business checking banks because it’s free of fees and other requirements. Here are the details.

    Truist Online Savings

    The bank’s online savings account pays 0.01% APY and has no monthly maintenance fee. It also has no minimum opening deposit, which means you can open the account with an amount that works for you. To help you reach your savings goals effortlessly, you can set up automatic transfers from your Truist checking account and get balance alerts to help you track your progress.

    Money Market Accounts

    Truist also only has one money bb&t free business checking account. Here’s what you need to know.

    Truist Money Market Account

    The Truist Money Market Account made was named in GOBankingRate’s Best Banks of 2022 as one of the Best Money Market Accounts. To start, the account only requires a $100 opening deposit and has a $12 monthly maintenance fee. However, the fee can be waived by maintaining a $1,000 minimum daily balance. Like the Truist Online Savings account, this account pays 0.01% APY, so if you’re not planning to maintain a $1,000 minimum daily balance, the bank’s savings account would be a better option to avoid the $12 monthly maintenance fee. You can also write checks directly from this account, which gives you convenient access to your cash. Plus, you can sign up for balance alerts to track your savings progress.

    CD Rates

    Truist offers certificates of deposit with terms from seven days to 60 months with no monthly maintenance fee and an APY of 0.05% across all balance tiers. For terms from seven months to 31 days, a $2,500 minimum opening deposit is required. And for terms from 32 days to 60 months, there is a $1,000 minimum opening deposit.

    Banking Experience

    Now that you know more about the different accounts and their features and rates, here’s some valuable information about the bank’s outstanding features that helped it earn a 4.1 overall rating.

    Minimum Opening Deposits

    You’ll find that the minimum opening deposit requirements at Truist are reasonable. Most of the checking accounts require a $50 deposit, while the money market account requires a $100 deposit. The savings account, prepaid debit account and student checking account don’t have a minimum deposit requirement, and CDs have a minimum opening deposit requirement of $1,000.

    Monthly Maintenance Fees

    Monthly maintenance fees can really eat into your bottom line each month, but Truist Bank doesn’t go overboard in this area like some competing banks do. Its highest monthly maintenance fee is $20, and that fee, like its others, is easily waived by completing simple requirements.

    Customer Service

    If you need to speak to a banking representative, you can reach one Monday-Friday from 8 a.m. to 8 p.m. ET and Saturday from 8 a.m. to 5 p.m. ET. The bank does not have Sunday customer service hours, but you can always access account information and complete certain banking tasks via the 24-hour automated system. You can also communicate with the bank on Twitter. Additionally, you can visit a branch or make an appointment with a bank representative for personal banking, loans or small business needs.

    Branch Availability

    Truist Bank boasts over 2,700 branches across 15 states and Washington, D.C., which means if you live in the bank’s service area, there’s a good chance a branch is close by. This is an advantage for people who prefer to complete certain banking tasks in person.

    Editor’s Favorite

    The Truist Online Savings account is completely free of monthly maintenance fees, which can help you reach your savings goals faster. Plus, it’s convenient to open the account anytime due to no minimum deposit requirement.

    Truist Bank vs. Competitors

    To get a clearer picture of whether what Truist Bank offers is what you’re looking for, here’s how the financial institution measures up to other big banks in its league.

    Truist Bank vs. Bank of America

    Bank of America gives its customers the option of earning higher APYs on its savings accounts by becoming a Preferred Rewards member, while Truist doesn’t have a competing structure in place. However, Truist offers a savings account that has no minimum opening deposit, no monthly maintenance fees and no minimum daily balance requirement. On the other hand, Bank of America’s savings account requires a $100 minimum opening deposit and charges an $8 monthly maintenance fee if you don’t maintain a minimum daily balance of at least $500.

    Truist Bank vs. Chase

    Chase has a much bigger branch network than Truist Bank — over 4,700 versus Truist’s approximately 2,700. However, Chase does not offer a money market account and Truist Bank does. Money market accounts typically allow account holders to write checks directly from the account, while you have to initiate a withdrawal or transfer to access savings account funds.

    Truist Bank vs. Wells Fargo

    Wells Fargo offers an Overdraft Rewind feature that will reverse overdraft charges from the previous day if a direct deposit is received by 9 a.m. local time, and Truist doesn’t offer this feature. But while Truist offers a savings account that requires no minimum opening deposit and has no monthly maintenance fees or minimum daily balance requirements, Wells Fargo’s savings account options do require a minimum opening deposit and also carry monthly fees and balance requirements.

    Final Take

    Access to affordable banking products and services and the convenience of banking at a branch or online are the foundation of Truist Bank. While you may be able to find higher APYs elsewhere, things like the bank’s free savings account and a large network of branches may make banking here worth it.

    Truist Bank FAQ

    Here are answers to some of the more commonly asked questions about Truist Bank.
    • What is the customer service number for Truist Bank?
      • Call 844-487-8478 to speak to a banking representative Monday through Friday, 8 a.m. to 8 p.m. ET, or Saturday, 8 a.m. to 5 p.m. ET.
    • Does Truist use Zelle?
      • Yes, you can use Zelle with your Truist bank account. 
    • Does Truist offer mobile check deposits?
      • Yes, Truist offers mobile check deposits. 

    Rates are subject to change. Information on accounts is accurate as of Dec. 27, 2021.

    Editorial Note: This content is not provided by Truist Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Truist Bank.

    Thank You For Signing Up!

    Get ready to receive top financial tips from the experts at GOBankingRates.

    Take Advantage of our Best Offer(s)

    About the Author

    Cynthia Measom is a personal finance writer and editor with over 12 years of collective experience. Her articles have been featured in MSN, Aol, Yahoo Finance, INSIDER, Houston Chronicle, The Seattle Times and The Network Journal. She attended the University of Texas at Austin and earned a Bachelor of Arts degree in English.

    Источник: https://www.gobankingrates.com/reviews/truist-bank/

    Open any new business checking account and get a FREE Luminarc Dish Set!

    Totally Free Business Checking & a Free Gift

    Luminarc Dish Set

    • 3 Piece Set

      (14.75"x9"x3") (12.5:x7.75"x2.5") (11.25"x6.5"x2.5")

    • Stackable/Nestable

    • Oven Safe up to 475°F

    • Microwave Safe

    • Non-Porous

    • Scratch Resistant

    • Dishwasher Safe

    Every New Checking Account Includes:

    • FREE Electronic or Printed Monthly Statements
    • FREE Instant Issue Debit Card
    • FREEOnline Banking
    • FREE Mobile Banking
    • FREE Mobile Deposit
    • FREE Online Bill Pay
    • FREE Send Money/P2P and External Transfers
    • FREE MoneyPass® Network with thousands of surcharge-free ATMs
    • FREE Welcome Gift **
    • Buy Back of your unused checks and debit cards from another financial institution***
    • Apple Pay: Add your Bank of Marion Debit or Credit cards to Apple Pay to make fast and secure purchases in stores, in apps and on the web.
    • No minimum balance
    • No monthly service charge
    • 1,000 FREE monthly transaction items*

    Commercial Checking

    • Only $1,000 minimum balance
    • Only $10 charge if balance falls below minimum
    • Only 5¢ per item charge if balance falls below minimum
    • Earnings credit allowance on deposit balances may offset activity fees

    Check Out the Advantages of The Bank of Marion!

    The Bank of MarionWells FargoBB&TSun Trust
    Business CheckingTotally Free Business CheckingBusiness Choice CheckingBusiness Value 200Primary Business
    1,000 FREE monthly transaction items?YESNONONO
    Monthly maintenance fee if account terms are not met?$0$14$12$12

    Competitive information was obtained from bank websites during the week of February 1, 2016. Some banks may have introductory offers; comparisons are for ongoing product offers.


    Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See fee schedule for details. Bank rules and regulations apply. Minimum opening deposit is only $25. Ask us for details.

    *Transaction items include all debits and credits. If the Totally Free Business account exceeds 1,000 free monthly transactions, the account may be converted to another checking product.

    **We reserve the right to substitute a gift of similar value. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening.

    ***Up to $10 for checks and debit cards from another financial institution given at the time the checks/debit cards are presented.

    See Important Information here about our

    Overdraft Coverage Options:

    OVERDRAFT PROTECTION and OVERDRAFT PRIVILEGE


    ANOTHER GREAT REASON TO SIGN UP FOR A BUSINESS CHECKING ACCOUNT:

    Get the credit you need to grow your business and get it fast. Business Checking chase line of credit login with enough history with us may qualify online in minutes for our HOMETOWN EXPRESS BUSINESS line of credit of $1,500 to $50,000. Have your funds available in as little as three business days.

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    Источник: https://www.bankofmarionva.com/business-checking
    bb&t free business checking

    Posted by: | on October 2, 2012
    Posted in Business | 4 Comments »


    4 Comments to Bb&t free business checking

    1. BENR8108 yeah they should stop everything, these people can’t make money on their own and rely on this “childcare”

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