5 Small Business Bank Accounts for New Businesses & Startups (2022)

5 Small Business Bank Accounts for New Businesses in 2022. So right after you register your business or create an LLC, I’m a big advocate for getting your EIN number and immediately applying for new business bank accounts.

But what type of business bank accounts should you have? And how many accounts do you need? And which banks should you choose? I’m going to try my best to answer some of these questions for you.

Timestamps
Small Business Bank Accounts (0:00)
Why Should You Have a Business Bank Account? (1:30)
How to Setup a Business Bank Account (6:00)
Bank Account #1 (7:35)
Bank Account #2 (9:06)
Bank Account #3 (10:21)
Bank Account #4 (11:52)
Bank Account #5 (12:38)
Bank Account #6 (14:10)
How to Choose Right Best Bank for Your Business (14:46)
VERY IMPORTANT NOTE (16:19)

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Follow me on Instagram: @SeanStandberry

I'm Sean, a proud self-made entrepreneur, and investor. I enjoy making videos about money, both business and personal finances. I hope to inspire/educate you on your next business idea, side hustle, or any other helpful money tactic. If you get any value from watching my content, all I ever ask is that you subscribe 🙂.

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[raymondpicardjr]

Look forward to the video with banks to look into for small businesses

[garretttheartistcom]

Definitely would like to see what banks you recommend and thank you so much for all that you do!

[tiffanycovington]

Please make a video on banks you recommend and also permits and licenses. Thank you for your knowledge. I am a start up and I have learned a lot from you.

[rahnellmonroe]

Thanks for the video! New subscriber. Im on here looking for a good bank to go with for my business.... but i don't think you'll made it yet. Common man! Make the video!

[olujidejeboda]

good job with your personal page! love the content! Please do a different video on types of banks and benefits. I am starting my real estate investor business.

[laumos]

I enjoy your content, I followed you here from LYFE Accounting channel.

[alecmurillofitness]

Definitely please make a video on banks you recommend! Very helpful content Sean! I’m all over your content!

[yenildamelendez]

Hi Sean. Thank you for the content. I'm a teacher and your videos get A+ for content delivery.

[SymphStacks]

This was very helpful Sean ☺️👍🏽! I’m in the very early stages of launching my Athleisure wear business. My next goal is to create a business bank account. Thank you so much 💯!

[raymondpicardjr]

Appreciate your time…Just here to drop a L I K E…Boss

[TheMsgodiva]

I am stuck. I have my LLC and EIN. What bank would you recommend for a cleaning business?

[jatinnankan]

Excellent knowledge you have shared brother

[mlgraham]

Great content. I didn't understand the Transfer account. Is it simply another checking account used for incoming and outgoing transfers or is it "type" of account like checking, savings, etc.?

[yenildamelendez]

I'm saving so I can start an ice cream truck. Should I be saving the money in a business account? I figured I don't have to, but wondering if it would help to build business credit in the future.

[d_range]

More on the taxes and how to plan for paying taxes correctly. I know you aren't a tax pro (or maybe you are) but giving detailed examples would be a great addition.

[reginalongbeach]

To create a Business Plan is NOT Free? it required a Credit Card?

[skoopqueen]

Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income.