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Checking Accounts Built For Business Growth

Choose a small business checking account designed to support your day to day operations and long term goals. Whether you need a simple business checking account or more advanced capabilities, BankUnited offers flexible solutions for your business.
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Compare Small Business Checking Accounts

PRIMARY BUSINESS CHECKING

$100

minimum opening deposit

  • $12 monthly maintenance fee - Avoid maintenance fee by maintaining average monthly balance of $1500 or more
  • Up to 150 free transactions (deposits, deposited items, checks & debits) per statement cycle
  • Business VISA® Debit Card
  • Bank on the go with online & mobile banking
 

 

Contact Us View Details

BUSINESS EXPRESS CHECKING

$100

minimum opening deposit

  • $20 monthly maintenance fee - Avoid monthly maintenance fee by maintaining average monthly balance of $5000 or more
  • Up to 300 free transactions (deposits, deposited items, checks & debits) per statement cycle
  • Business VISA® Debit Card
  • Bank on the go with online & mobile banking
 

 

Contact Us View Details

COMMERCIAL ANALYSIS CHECKING

$100

minimum opening deposit

  • $20 monthly maintenance fee
  • Earnings credit available to help offset monthly maintenance fees and other service charges
  • Detailed analysis statements to help keep track of your business banking (upon request)
  • Business VISA® Debit Card
  • Online treasury management services to manage your company's payments, collections, reporting and account balancing
Contact Us View Details

Business Checking Account Benefits

Regardless of your choice, each of our small business bank accounts is built to deliver value, convenience, and control for your business finances.

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Online Bill Pay

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Debit Card

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eStatements

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Online and Mobile Banking

Small Business Checking Accounts FAQs


Get answers to common questions about choosing and managing the best business checking account for your company.

The best business checking account depends on your transaction volume, balance, and banking needs. BankUnited offers multiple small business checking accounts to match different business sizes and activity levels.  

You can open a business checking account by contacting BankUnited or visiting a branch. You will typically need business formation documents, identification, and an opening deposit.  

Fees may include monthly maintenance charges, transaction fees, and cash processing fees. Many fees can be avoided by maintaining required balances.  

Yes, BankUnited provides online and mobile banking tools so you can manage your small business bank account anytime, including payments, transfers, and account monitoring.  

Interested in a Business Checking Account?


Whether you’re starting a new business or looking for a better banking experience, BankUnited is here to help you find the business checking account that fits your needs. Complete the form below and a Business Banking specialist will contact you shortly.

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BankUnited supports small businesses with financial tools, insights, and personalized service to help you succeed. From managing cash flow to planning for growth, we are here to help every step of the way.
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3 Reasons Why You Need a Small Business Checking Account

Jul 16, 2024, 11:00 AM
Title : 3 Reasons Why You Need a Small Business Checking Account
Bank united author : Kristi Waterworth from The Motley Fool
Featured : No
Display order :
Check out 3 reasons why your small business needs a small business checking account.
Women looking at tablet, phone and calculator with finances

Owning a small business can be really challenging -- especially if you're still in the "wearing a lot of hats" phase, which some businesses never leave.  You might find yourself in the same boat, handling all kinds of tasks, including your own bookkeeping and accounting. There’s not a lot to it, but it still must be done. 

One of the smartest moves you can me as a business owner is getting a small business checking account, even if you’re a solopreneur. A lot of solos don't bother, they just use their personal accounts for everything and spare themselves the minimal monthly fees.

There’s a lot of value in having a dedicated business account, or even a set of them, though. Here are three top reasons that everyone with a small business should invest in a single small business checking account, at minimum.

1. Access to small business services

You may not think you'll ever need small business services through your bank, but what happens if you do, and you can't access them because you've never had a small business account? Well, that's what happened to a lot of people during 2020 and 2021, when the Paycheck Protection Program was in full swing. Companies that never needed a small business loan before were struggling and even going under for lack of income.

But here's the real kick in the pants: If they didn't have access to small business services through their bank, they also couldn't access PPP loan money very easily.  Many small business owners were distressed when they saw how many of their fellow writers couldn’t get a hand when they needed it because they didn't qualify as small businesses through their banks. They could apply, of course, but they had to do it through other channels and risk being put on the back burner.

You could get your funds almost immediately if you had a small business relationship with your bank in the form of small business checking -- and this can be invaluable in times of need.

2. Simplifying your bookkeeping

If you're a solopreneur, you're probably also doing a lot of your own accounting, or at least your bookkeeping. If you don't collect sales tax, it's not super complicated. One way to make this job a lot easier on yourself is to have a small business checking account.

Not only can you use the small business checking account to bring all your income through one door, so at the end of the year you only have one account to scour for income that you might not have gotten a form from a client about, but you only have one account for outgoing funds, too. Some people have two small business checking accounts for this -- an account payable and an accounts receivable. But if you don't have a lot of transactions, just one business account is enough. 

Either way, with small business checking, you can pay your vendors, and yes, even the IRS, out of your small business account, and not have to worry about your personal account accidentally being overdrawn if you make an accounting error while shuffling between both sides of your life.

3. Establishing business legitimacy

We all want to be taken seriously in our business pursuits -- and there are certainly ways to look more legitimate. Uniforms for our staff members, fancy business cards, and even a really well put together digital presence are vital, but the appearance of legitimacy a business checking account can provide cannot be overstated.

With a business checking account and business checks, every paper payment (and some electronic ones) says, "I am a regular, normal business, I am not just a person hiding in the bushes pretending to work." As shallow as it is to say the appearance of legitimacy matters as much to your business as actually being a legitimate business does.

These days, it’s hard to know who is for real and who isn’t – scammers are everywhere. But with a dedicated business checking account, people can contact your bank, check that your account is real, and further build up your reputation when they discover that yes, you are the genuine article. Word does get around.

Having a business checking account is a way to simplify your accounting, to give yourself more legitimacy, and, yes, even provide access to business services you may have never considered you might need.
Ready to take the next step for your business? Check out BankUnited’s business banking services today to see how they can support your growth and simplify your financial management.

This article was written by Kristi Waterworth from The Motley Fool and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to legal@industrydive.com.
topic :
  • Small Business
media :
  • Article
Women looking at tablet, phone and calculator with finances

Primary Business Checking Account

  • $100 minimum opening deposit
  • $12 monthly maintenance fee:

    • Automatically waived for the first two statement cycles (new accounts only).

    Ways to avoid monthly maintenance fee:

    • Maintain $1,500 average monthly balance in the account or
    • Maintain $4,500 minimum daily balance in related business checking or savings account1
  • First 150 transactions per month at no charge
    • Over 150: $0.40 transaction fee
  • Cash Processing Limits: Deposit/withdraw up to $10,000 in cash per month at no charge
    • $1.50 fee per $1,000 over $10,000
  •  Complimentary Business Visa Debit Card4
  • Complimentary Online & Mobile Banking5

 

Business Express Checking Account

  • $100 minimum opening deposit
  • $20 monthly maintenance fee:

    • Automatically waived for the first two statement cycles (new accounts only).

    Ways to avoid monthly maintenance fee:

    • Maintain $5,000 average monthly balance in the account or
    • Maintain $10,000 minimum daily balance in related business checking or savings account1
  • First 300 transactions per statement cycle at no charge
    • Over 300: $0.40 transaction fee
  • Cash Processing Limits: Deposit/withdraw up to $15,000 in cash per month at no charge
    • $1.50 fee per $1,000 over $15,000
  • Complimentary Business Visa Debit Card4
  • Complimentary Online & Mobile Banking5

 

Commercial Analysis Checking Account

  • $100 minimum opening deposit
  • $20 monthly maintenance fee:

    • Earns Credit available to offset fees2

  • Transaction fee applies3
    • Cash Processing Limits: Refer to applicable fee schedule
      • Complimentary Business Visa Debit Card4
      • Online & Mobile Banking: Fees apply to Online Treasury Management Access6


      1. Related account must be in the same name as your Primary Business or Business Express Checking Account.
      2. The monthly maintenance fee may be offset by the earnings credit calculations applied on an analyzed statement at end of month. The earnings credit shall be equal to (i) the average monthly collected balance multiplied by (ii) the then applicable earnings credit rate divided by the actual number of days in the applicable year multiplied by (iii) the actual number of days in the applicable cycle. The earnings credit will be used to offset maintenance fees, transaction fees and any other service charges that may be assessed to the account. If the earnings credit rate exceeds the total monthly fees, such excess will not be carried over or applied to fees incurred in subsequent months. If the earnings credit is less than the total monthly fees, the account may be charged for the amount of the difference. If the earnings credit is negative, the account may be charged the full amount of the fees.
      3. Transaction fees are attained for the following and will be priced accordingly at the time you elect the service.
        • For each check and/or debit paid per statement cycle
        • For each ACH Credit per statement cycle
        • Per deposit credited per statement cycle
        • Per item deposited per statement cycle
      4. You'll get a BankUnited Visa® Business Debit Card with no-fee transactions at BankUnited ATMs. A $2.50 fee will be charged for each transaction performed at a non-proprietary ATM that is not within the Allpoint Network. Fees charged by the ATM owner/operator may also apply.
      5. Requires enrollment.
      6. Pricing provided by our Treasury Management team. Pricing may be different at the time you elect the service. Please contact a Treasury Management Officer for additional information.


      Rates and annual percentage yields (APYs) are effective as of the date indicated and are subject to change without notice unless otherwise stated. Fees may reduce earnings on the account. Products, services, fees, terms and conditions are subject to change. Certain restrictions and limitations may apply. Contact BankUnited for complete account details.

      Please review the see our Deposit Account Agreement, Business Schedule of Fees and Funds Availability Disclosure for complete details.