Top 5 Best Bank Accounts for Small Business & Side Hustles 2023

If you have a small business or even just side business or side hustle, you need to separate your finances from your personal money. It will save you a ton of grief. As someone who has opened and tried a LOT of bank accounts, I put together this list of my top 5 bank accounts for your small business. This will be helpful whether you are a sole proprietorship, an LLC, a Partnership, a C Corp, etc. ▼▼

My Top Accounts:

DISCLOSURE: Some of the links on this page are affiliate links, which 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.

Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings F.A.; Member FDIC

[PTSDTALKTV]

Stopped by to get educated. Very informative and learned much needed information. Great transitions with visuals too. Question: Do you prepare your own visuals? If so, excellent job!

[greenshereen]

You had me at avoid Chase and Bank of America because those were the top two on my list that I reluctantly was going to call!!!

[Whattheydo]

This video made me more confident that I can start a small business

[SuperNova]

Novo sounds amazing. Thanks for the info.

[dxfx]

Thank you for the info on lili being aable to generate a schedule c for me pre filled and invoices. made life so much easier.

[tracybush]

Thank you so much for the banking rundown, it's much appreciated.

[claudiamolina.a]

Very informative video thank you very much!

[GreaterGoodMining]

Thanks for the great breakdown on these small business bank accounts Andy!

[sunshinedreamz]

Thanks so much for this video, you're a life saver🙏

[heartsofgoldenrod]

Thanks for a great video. Two questions. How does Found bank compare to these for side hustle/small business accounts? And, the credit union near me requires you to also have a personal account with a minimum of $100 balance. If I already have personal accounts, does this still make sense to pursue?

[thrtbr]

1:02 Pft. I feel personally attacked. 😅

Ironically collected those because I was told "they will be collector items some day". Yeah: still haven't sold them.

[DaveOps]

is any of this banks suitable for Google Ad Sense? You mentioned you use Novo but as far as I understand it has to be like a real bank to receive payments

[JamesDufour-chyz]

This video provides a concise rundown of the top 5 bank accounts tailored for small businesses and side hustles. It offers valuable insights into each account's features, making it easier for viewers to choose the best fit for their financial needs.

[dfjdspy]

Is this Novo suitable for working with Amazon as a seller? As a company

[antoinetted.remote]

Lili charges now for Pro accounts. Those $9 monthly fees can add up quickly.

[fn]

which ones the safest for long-term use or storage?

[DanielMurrey]

Thanks for the help. I setup a Novo Account for my marketing agency. It's just me and I think it will be perfect for sending invoices, setting up reoccurring invoices for management fees, and allocating funds for taxes, operations and profit! I used your Referral link!

[cornerstoneclub]

Do you have a video of the best credit union business banks?

[luisleon]

I heard Silicon Valley Bank is a good one

[AleksandarVeliki-rifs]

Andy, do you recommend all these bank accounts for somebody who is not in the USA at all? For non residents that made an LLC in USA?