Looking for a bank account for your small business, part-time business, or side-hustle? Asking yourself “Should I open a business account?” Not sure why you even need a separate bank account for your business? In this video I cover all these topics. I go over the reasons why you would want to open a business bank account and why it’s good to separate your finances. I also cover my top 5 choices for where to open a business bank account.▼▼

➤ Yotta – Use code YOURFRIENDANDY and get 100 FREE TICKETS: https://links.yourfriendandy.com/Yotta
➤ Get up to a $250 in Digital Currency: https://links.yourfriendandy.com/BlockFi
➤ Get 4 Free Stocks on WeBull (Deposit $100 and get 2 stocks valued up to $1600): https://links.yourfriendandy.com/WeBull
➤ Open A Roth IRA: https://links.yourfriendandy.com/m1-finance
➤ Great Personal Finance Book (I Will Teach You To Be Rich): https://amzn.to/3qOc492
➤ Follow Me On Twitter: https://links.yourfriendandy.com/twitter
➤ Follow Me On Instagram: https://links.yourfriendandy.com/instagram

FYI If you are leaning towards Azlo, they are shutting down. I highly recommend Novo as a replacement as they have basically the same exact features. They are a great alternative to Azlo: https://links.yourfriendandy.com/NovoBank

Here are what I think are the best business bank accounts for 2020:

NBKC
-$5 to open
-no minimum balance
-No monthly fees
-No overdraft or non-sufficient fund fees
-unlimited transactions
-debit cards
-34,000 MoneyPass ATMs in the US and Puerto Rico
-$12/month in non-network ATM fee reimbursements globally
-Money Market accounts with 0.40% APY

BlueVine
The Checking account features:
– No monthly fees
– No non-sufficient fund fees
– No incoming wire fees
– Unlimited transactions
– No minimum balance
– If you have at least $1,000 in the account you will earn 1.0% on that balance up to $100,000 total balance.
– Business debit card
– 38,000+ Moneypass ATMs (but no reimbursements for out-of-network ATMs)
– 2 free checkbooks
-BlueVine payments portal

Kabbage
– No monthly fees
– No minimum balance
– Debit cards
– 19,000 ATM locations to withdraw cash (but no reimbursements for out-of-network ATMs)
– 90,000 retail locations to deposit cash
– A fantastic 1.10% Interest rate. The highest on this list.
– A feature called Pockets. Create up to 5 pockets to track savings goals or manage your cash flow. Basically sub-accounts. Great way to set aside tax money & other goals.
– Virtual cards number. You don’t have to wait for them to mail you a card to start purchasing.
-Bill pay
-Kabbage Payments – Professional & customizable invoices

Local Credit Union
-Can find no fee options
-Can have decent interest rates
-Physical branches for cash deposits
-Local and reliable

Timestamps:

00:00 – Intro
00:37 – Spoiler Alert
01:09 – Why do you need a biz bank account?
02:34 – Things to look for in a bank
03:53 – NBKC
06:12 – BlueVine
07:32 – Kabbage
09:30 – Azlo
11:10 – Local Credit Unions
12:06

How I Make My Videos:
Camera: https://amzn.to/2MIoJry
Lens: https://amzn.to/2UmIBoa
Light: https://amzn.to/3ena1my
Microphone: https://amzn.to/30tGVNo

Best bank account for small businesses
Best bank accounts for side hustles
Best small business checking accounts
Best Bank Accounts for Small Businesses & Side Hustles

DISCLOSURE: Some of the links on this page are affiliate links, this means that I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions are a great way to help fund and support the channel.

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.