Whether your business feels like a sapling or has grown into a mighty redwood, there's one piece of advice on which financial experts agree—you have to keep your business and personal bank accounts separate. While it can feel easier to manage one account, we're here to convince you why commingling your cash isn't worth it. Having separate accounts lets you: * Track your business's cash more easily, since you can see what's coming and going at a glance * Optimize tax deductions, since your records will all be in one spot * Put your best professional foot forward, lending your business credibility and positioning you as a professional * Empower growth and collaboration, creating space to pay employees and work with vendors now or down the line * Limit your liability by protecting your personal assets from business bankruptcy, creditors, and other legal actions * Get more from your bank—we offer services to our clients that can help their business grow Need we say more? Comment here or send us a DM if you want more information about business banking. Member FDIC.
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