Using Free Business Checking

Gain tips for using free business checking to your best advantage

Many companies take advantage of using free business checking to help their bottom line. Free business checking accounts allow users to complete check transactions with no cost. Some banks, however, have special requirements that businesses must meet in order for them to remain at free status. However, other banks have no stipulations on remaining in free checking account status.

Some banks also offer additional incentives to entice you into putting your company's money in that bank, so it pays to investigate. When considering options using free business checking and services, consider the following:

1. Free business checking accounts do not have a monthly maintenance fee.

2. Some free business checking accounts must meet certain balance requirements.

3. Most free business checking accounts have free check card and online features.

 

Use your free business checking account to complete check-writing transactions

Most companies prefer writing a check to pay bills because the check gives the owner a data copy for record-keeping purposes. Use your free business checking account to make these payments. Most banks allow users to write as many checks as needed during the month with no charge. You will not have to worry about deducting a maintenance fee from your balance each month when you use a free account.
Try: Learn proper check writing skills from Money Instructor. Find a business checking account from Key Point.

Complete transactions and inquiries with your free business checking online

When you open your free business checking account, sign up for online free business checking use as well. Benefit from using free business checking with the convenience of online transactions. With free checking, there are no charges for transferring money to other accounts and making basic inquiries online. Some banks even allow free bill pay online. You never have to write a check! Log on to your bank's website and choose a password. Remember to always check the site key and security questions; your bank's website address should have an https at the beginning to indicate that it is a secure site.
Try: View a demo of free internet checking at WaMu. Read an article from CNN Money about free online checking.

Gain access to a check card with your free business checking account

Be certain to get a check card with your free business checking account. Skip the hassle of writing checks when you are in a hurry, but also be secure in the knowledge that your bank won't charge a fee. Some use their check card instead of a credit card. The money comes directly from your checking account. Most check card transactions show up immediately in your online transaction history.
Try: View information about using a check card and free business checking services from Bank of America. Get up to date with check card troubles from Bank Rate.

 

• When using free business checking, be certain to ask about all special features. Some banks offer more than others offer. Take advantage of all of the features that benefit your company.

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