When starting or running a business in the United States, opening a business checking account provides several advantages over operating solely in cash. Here are some of the top reasons for a company to use a business checking account:

• Accepting Payments – With a checking account, businesses can accept payment by check, ACH or wire transfer from customers and clients. This facilitates easier receivables.
• Paying Bills – Checks and debit cards linked to the account allow businesses to conveniently pay vendors, contractors, employees and other expenses.
• Tracking Finances – Detailed monthly statements make it easy to monitor cash flow in and out of the business. Transaction records help with bookkeeping.
• Building Credit – A history of responsible account management helps establish business credit that may assist with qualifying for loans or lines of credit.
• Gaining Interest – Balances in checking accounts can earn interest over time through certain high yield accounts. This generates extra passive income.
• Accepting Payroll – Linked payroll cards give employees an easy way to receive wages deposited directly into accounts.
• Security – Funds are FDIC insured for protection and fraud monitoring helps detect suspicious activity.

For both operational ease and financial security, a US business checking account is an essential tool for companies operating in America. The benefits of regulated, insured accounts facilitate smooth business finances.