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Opening a Business Bank Account

Be prepared when seeking funding from a bank. Entrepreneur Hope Andrade encourages new business owners to learn, research and prepare a solid business plan prior to seeking funding. 

Take command and ownership of your new finances by setting up a business banking account. Once you’ve secured your federal EIN, you can take the next steps towards accepting and spending money as a protected legal entity.

Take your pick of standard accounts like checking and savings, as well merchant services accounts so that you can complete credit and debit card transactions with your customers. 

Perks of Business Bank Accounts

Unlike run-of-the-mill personal bank accounts, business bank accounts come with substantial benefits.

  • Protection
    By isolating your personal funds from business funds, you receive limited liability protection. Additionally, merchant services provide security through purchase protection for your customers and their identities.
  • Professionalism
    It’s not just about appearing competent: Give customers a seamless and polished experience with credit card and check payments that feed into your business’ account instead of your own.
  • Preparedness
    You’ll be primed to handle unexpected emergencies or the need for major equipment updates with a line of credit for your business.
  • Purchasing Power
    Credit card accounts are essential in covering sizeable startup purchases for your business, and starting to establish a solid credit history. 

Finding the Right Business Bank Account

Not all banks are created equal. It’s a logical choice to stick with the bank that you use personally, but it’s important to consider what different banks have to offer. Be sure to look into everything from interest rates and introductory offers to transaction, termination, and minimum account balance fees in your research of various business checking and savings account options. 

Introducing: Business Essential Checking

At the Bank of San Antonio, we give your small business the same consideration and comprehensive support most banks only deliver to their most prominent clients with our new Business Essential Checking. Benefit from the customized service provided by your designated personal banker — they’ll help you manage all aspects of your business account and initiate conversations with board members and bank clients who can help maximize your company’s potential. 


  • Online banking with bill pay and QuickBooks integration
  • Advanced mobile business banking with mobile remote deposit
  • Visa debit card
  • Electronic statements
  • Team banking
  • Maintenance-free fraud detection
  • Loans and lines of credit
  • Mortgage loans
  • Money market account

Ready to get started? Click below to download your Build Your Business Blueprint.



Work with a Banker with a Vested Interest In Your Success

San Antonio business owner Bobby Cavender knows the right type of banker for him and his businesses — someone he can call 24/7, who will be his advocate and support his vision.

Listen to Bobby’s advice on the value of service vs. hospitality in his episode of the San Antonio Business Heroes podcast. 

The opinions expressed in the “San Antonio Business Heroes” are solely those of the interview subject and do not necessarily reflect any position or opinion of The Bank of San Antonio. The advice in each interview is given for general purposes only and may not apply to your particular situation.