Separating Personal and Business Finances

Open a small business bank account to keep personal and business financials separate, to protect your funds and build credibility. Opening a business bank account is simple and easy by contacting your local bank or going online. The cost for opening a bank account ranges but the goal is to open an account with minimal cost or free. This may depend on the number of deposits and transactions that will be processed through the account. It is also important to consider the minimum deposited funds that are needed to open or maintain a business account.