The advantages of business checking accounts include personal liability protection and fewer headaches during tax time because of keeping expenses seperate. Wyoming has dozens of banks offering business checking account options. The challenge is to find an account that is right for your business.
When choosing an account, start by considering your business needs and preferences. Services to look out for are mobile accessibility, online banking platforms, check-writing capabilities, wire transfers, and overdrafts.
Consider also the fees, requirements, and transactional limits. Typical bank fees include monthly maintenance fees, transactional fees, overdraft fees, ATM fees, and others. Keep an eye out for minimum balance requirements and transactional limits, as these may attract additional fees.
Take advantage of the extra services and benefits offered by banks on the account. For instance, some banks offer an annual percentage yield (APY) on the balance held. Others provide access to business tools and resources such as ease of integration with existing financial management software.
WalletBrain considered some of the best business checking accounts in Wyoming based on their features, fees, and benefits. Use this list to compare and find the best match for your business today.
Novo offers a free business checking account. It has no monthly maintenance fees or other recurring fees. The only fees charged are insufficient funds when sending checks or when a check is returned for insufficient funds. Incoming wires, domestic ACH transfers, ATMs, and paper statements are all free.
Novo allows easy integration with third-party accounting software, including Quickbooks and Xero. You can also link your Novo debit card to your Google Pay or Apple Pay Wallet. Novo also syncs with your Stripe processing account and easily integrates with Slack to get automated updates on your bank account.
If you are looking for a business checking account that is easy to use and with almost no fees, you might want to consider Novo. The bank account is also accessible in the app store for both iOS and Android devices.