There are a lot of banks out there to choose from, so it is important before deciding on a specific bank to do your research. There are a number of business bank accounts out there so finding the best one may take a little time. Nonetheless, comparing the different business bank accounts thoroughly will ensure that you get to earn more money with your money than anywhere else.
BUSINESS BANK ACCOUNT COMPARISON
WHAT ARE THE TOP FOUR BUSINESS BANK ACCOUNTS OUT THERE TODAY?
1. ING DIRECT
ING Direct is the number one rated business bank account available. ING is the largest direct bank in the United States of America serving nearly eight million Americans. Because it has only recently entered into the business bank account market it provides people with some of the most competitive rates available.
One of the downsides of ING Direct, however, is that it has not been around for very long. In fact, ING has only been around since the year 2000 so they do not offer some of the services and special amenities that some of the larger banks offer.
Although Citibank is rated second, under ING Direct, it is the highest rated full service bank providing every service a small business owner could desire, unlike the limited services and resources ING Direct offers.
Although Citibank is rated high for business bank accounts, people who bank and Citibank with their personal accounts do not find the same pleasure in banking with Citibank. So, although Citibank provides an ideal home for business bank accounts you may want to take your personal banks accounts somewhere else.
For small businesses looking to grow, HSBC provides a full line of services and a number of exciting features including:
- No cost Mastercard debit cards
- 0% introductory annual percentage rates for their business mastercard
- Online banking
- Online bill paying
4. CAPITAL ONE
Headquartered in Virginia, Capital One provides a number of different financial services and products for the up and coming business owner. Although ranked fourth, Capital One focuses the majority of its resources at the small business and commercial cliental and only deals with a small number of personal clientele.
The reason Capital One ranks so low is because it provides a streamline of services when compared to the full length of services some of its larger competitors provide. The biggest product that they push is their credit card services. Many people who use the services and products Capital One provides are very happy, however, these people typically only use one of its products or services and therefore only use Capital One in a very limited fashion. For example, the majority of people who use one of the Capital One credit card services or products typically do not utilize any other type of product that Capital One offers. Although Capital One seems to have mastered this niche area, it only demonstrates their limited nature.