Open a Chase Business Checking Account and Get $100. Learn More!
Print Your Coupon
www.chase.com/business




Switch to WaMu Free Checking. Enroll 100% online. No monthly fee!
Start Now! | Apply On-line | Pick A Perk
www.WaMu.com




Earn 3.00% Annual percentage yield. No fees. No minimums. Apply online!
www.ingdirect.com
Official Site. Get Free Checking, Online Bill Pay & More. Open Today.
www.BankofAmerica.com
Earn 3.50%APY* available through 09/15/08. HSBCDirect Online Savings
HSBCdirect.com
Earn 3.50% APY on $10,000 balances. No fees. FDIC Insured.
www.CapitalOne.com/DirectBanking
Earn 2.75% APY on your savings at Emigrant Direct. Learn more!
www.EmigrantDirect.com
High-Yield, No Fees. FDIC Insured. "Best of the Web" -- Forbes.com
EverBank.com
Internet-based financial institution. Bank accounts are insured by the Federal Deposit Insurance Corporation.
www.bankofinternet.com
Open a Chase Business Checking Account and Get $100. Learn More!
Print Your Coupon
www.chase.com/business
DBS Internet Banking provides instant access to account information and allows customers to perform banking transactions on-line.
www.dbs.com.sg
Utilizes a secure e-commerce electronic internet FDIC insured banking network to serve small businesses and individuals.
www.ebank.com
Internet savings bank providing home banking, savings and investments, loans, brokerage, insurance and business banking.
www.salemfive.com
UnivestDirect caters to personal banking needs online with savings and banking account services through the internet.
www.univestdirect.com
Switch to WaMu Free Checking. Enroll 100% online. No monthly fee!
Start Now! | Apply On-line | Pick A Perk
www.WaMu.com
Earn 3.00% Annual percentage yield. No fees. No minimums. Apply online!
www.ingdirect.com
Official Site. Get Free Checking, Online Bill Pay & More. Open Today.
www.BankofAmerica.com
Guide to Setting Up Internet Bank Accounts for Businesses
Virtual banking for small businesses is the key to successAn Internet bank can offer businesses of all sizes:
1. Internet checking accounts.
2. Internet savings accounts.
3. Other types of online banking accounts and services such as CDs, IRAs and money market accounts.
After identifying the types of accounts you want to open, your next step is to find online banks that have a good reputation and that are FDIC insured. To sign up for a business bank account with an online bank you will need to:
1. Fill out an application for a business bank account.
2. Submit tax ID number, a copy of business license, incorporation documents and financial reports.
3. Make your initial deposit.
Action Steps
The best contacts and resources to help you get it done
Select an Internet bank
Before you can open an online bank account you need to select an Internet bank.
I recommend:
Bank of America and Wells Fargo Bank have both been rated as top 10 online banks by "Kiplinger's Personal Finance Magazine."
Complete online banking account application
Complete your business bank account application online by filling in general information about the location of your business, type of business you own, profitability of your business, etc. You may also be asked questions about your company's tax ID number and you may be asked to submit financial statements for your company.
I recommend:
If you don't already have an EIN to set up your business bank account apply for one on the IRS website. Visit Microsoft Office's website for interactive templates for financial statements. Bookkeeperlist also offers a great template you can download and use.
Deposit money into your Internet bank accounts
The final step for setting up an online bank account is to fund your account. This can be accomplished electronically or manually.
I recommend:
If you don't feel comfortable mailing in your initial deposit you can make your initial deposit via Western Union or via your online bank's wire transfer link. Use Bank of America's wire transfer services or Wachovia's wire transfer services.
Tips & Tactics
Helpful advice for making the most of this Guide- It is important that you understand the risks involved in using online banking systems before you sign up for an account. Protect your money by taking proper precautions such as installing firewalls and changing your password frequently.








