admin Many freelancers and independent professionals get by without a separate business bank account. They commingle their personal and business funds on the reasoning that it all ends up in the same place eventually. To the extent that this happens because self-employed folks without serious business chops feel overwhelmed by the idea of separating business and … Read more
The U.S. Bank Altitude Connect Visa Signature Card is a fantastic travel rewards credit card for people who aren’t wedded to a particular airline or hospitality family. Notable perks include a big new account bonus with qualifying spend, competitive rewards on eligible purchases, and potentially valuable add-ons like complimentary airport lounge access. Is the U.S. … Read more
Many freelancers, self-employed folks, and independent professionals don’t think of themselves as business owners. But they are, even if they don’t have an officially incorporated business entity. Found is a financial technology platform built for self-employed people who want to (and should) treat their operations more like real business enterprises. It’s one of the better … Read more
Most of the best bank accounts for freelancers and independent professionals aren’t just bank accounts. They boast expense-tracking and money management tools, integrate seamlessly with third-party payment and accounting apps, and have internal nonbanking tools like custom invoicing software and business formation assistance. Novo Business Checking ticks all of those boxes, making it one of … Read more
After the recent failures of Silicon Valley Bank and Signature Bank, you may wonder if your money is safe in a U.S. bank or credit union account. And while they’re reasonably rare (fewer than three per year), bank failures do happen. Fortunately, the United States has systems in place to ensure failed banks don’t lead … Read more
Private banks provide personalized financial services for affluent individuals. These bankers work in teams of lending, financial planning, and wealth management professionals and sometimes outside specialists. Clients typically enjoy benefits you can’t get at retail banks, such as discounted loan rates and access to alternative investments. Private banking also has some downsides, including limited choice … Read more
As online banks grow in number and become more sophisticated, more and more small-business owners are asking themselves whether a traditional bank or credit union account makes sense anymore. Unless you just can’t live without the peace of mind that comes with being able to walk into a physical bank branch, the value is less … Read more
Most checking accounts pay no interest on balances. They cede that perk to savings accounts, which are designed to hold funds you don’t need to pay this month’s bills. Interest checking accounts are different. Though they rarely yield as much as high-yield savings accounts, they make it worth your while to keep a checking cushion. … Read more
Choosing a checking account can be an overwhelming process. Between online banks operating nationwide and brick-and-mortar banks and credit unions serving your home region, there are hundreds if not thousands of legitimate institutions to choose from. Many offer more than one checking account option, sometimes several. Not Truist. Though it’s one of the biggest banks … Read more
The rise of online and mobile banking means that the lines between checking and savings accounts are blurrier than ever. Some digital financial platforms don’t even require you to open them separately anymore. That’s the case for SoFi Checking & Savings, which is essentially a checking and savings account in one convenient package. If you’re … Read more