A checking account lets you write checks to other folks or firms, deposit or cash checks that individuals or firms write to you, and so they permit you to pay bills by electronic withdrawal. It’s common for small-business homeowners who open their business checking accounts at the identical financial institution as their personal checking accounts to subsequently swap institutions as a result of they incur stunning fees or are dissatisfied with the level of customer service.
The interest rates normally range from 0.1% to 1.01%, says Adriaan van Zyl, chief govt of California Business Bank He says banks typically wish …