BusinessHow to Open a Business Bank Account.
Opening a business bank account is a critical first step for any new business. A business bank account will help you manage your finances, track your spending, and save for taxes and other expenses. It can also make it easier to get a business loan or line of credit.
To open a business bank account, you’ll need to have the following:
1. Your business name, address, and contact information
2. Your business tax ID number
3. Your personal Social Security number
4. A government-issued ID, such as a driver’s license
5. A minimum deposit, typically $25-$100
Once you have all of the required information, you can visit your local bank or credit union to open an account. You may also be able to open an account online. When you’re ready to open your account, be sure to compare fees and services to find the best fit for your business.6
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