Do I Need to Have a Separate Checking Account For My Business?

The answer is yes! It is important that you have separate business bank accounts—be it checking, savings, money market or any other kind. You should also keep a credit card just for business use.

Here are three reasons to keep your business accounts separate from your personal accounts:

1. Separate accounts require less thinking and recalling. There’s one for business and one for personal use. Easy.